HIP-3 Transforms Hyperliquid Into Global Derivatives Infrastructure

Builder-Deployed Perpetuals and Permissionless Markets

At the heart of HIP-3 is Builder-Deployed Perpetuals (BDPs), which allow users to create markets with full control over parameters like oracle selection, leverage, funding mechanics, and settlement logic. This flexibility enables onchain markets for traditional finance products, such as equities, indices, commodities, and forex, as well as native crypto innovations like exotic derivatives, prediction markets, and options-like structures.

𝗛𝗜𝗣-𝟯: 𝗧𝘂𝗿𝗻𝗶𝗻𝗴 𝗛𝘆𝗽𝗲𝗿𝗹𝗶𝗾𝘂𝗶𝗱 𝗶𝗻𝘁𝗼 𝘁𝗵𝗲 𝗘𝘃𝗲𝗿𝘆𝘁𝗵𝗶𝗻𝗴 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲

HIP-3 transforms @HyperliquidX from a curated derivatives exchange into the infrastructure layer for global financial markets. Soon, anyone will be able to deploy perpetual… pic.twitter.com/JjWL4SX6Pw

— A1 Research (@a1research__) July 1, 2025

For example, a team could deploy a perpetual market tracking the top ten AI tokens or a binary market on an upcoming election. The system uses a Dutch auction for deployment slots and requires builders to stake 1 million $HYPE as collateral, ensuring alignment and accountability.

HIP-3 just made a few exchanges obsolete. Some were still building and will never see the light of day.

Here’s why: You can now launch your own exchange and keep 50% of all fees. Forever.

You handle:
→ Distribution
→ On/off ramps
→ Bringing users

Hyperliquid handles:
→… pic.twitter.com/nZO3ofTXxI

— Chip.hl // Evgeny Yurchenko (@chip1cr) October 13, 2025

HIP-3 also introduces a transparent fee system where builders can capture up to 50 percent of trading fees while contributing to the protocol’s growth. This creates a network effect: more markets attract more traders, increasing liquidity, fees, and demand for $HYPE. Unlike centralized exchanges, Hyperliquid allows market creation without opaque listing fees, making it an appealing alternative for professional traders and communities alike.

Early Signals and Future Potential

Initial interest in HIP-3 is strong. Framework Ventures and other teams have publicly signaled plans to deploy markets, while others quietly accumulate $HYPE stakes. As more markets go live, meta-aggregators and cross-market liquidity tools are expected to emerge, creating an interconnected ecosystem reminiscent of an “Expedia of perpetuals.” Early deployments on testnet, such as USDe-denominated perps, demonstrate the protocol’s potential to handle both crypto and fiat-linked products.

(1/8) HIP-3 Is an X-Factor for Hyperliquid 🧵

Thread below on HIP-3’s potential and what it means for Hyperliquid, as well as crypto as a whole

TLDR; the TAM just got a lot bigger pic.twitter.com/CfbcZfFLeS

— Keisan.hl (@Keisan_Crypto) August 5, 2025

HIP-3 is more than a feature update—it is Hyperliquid’s transformation into a permissionless, internet-native derivatives infrastructure, capable of supporting the $1.8 trillion global derivatives market. For builders, traders, and investors, this means unprecedented access to financial products, the ability to innovate onchain, and potential revenue opportunities from transparent, high-volume markets.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies presented are the thoughts and opinions of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments; therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.