Altcoins News
By Sakamoto Nashi
1 / 11
Hyperliquid, one of the fastest-growing on-chain decentralized exchanges built for perpetual futures trading, has introduced the most ambitious update in its history.
2 / 11
The new upgrade arrived on November 19, just one month after the initial rollout of HIP-3. When HIP-3 was first introduced, it allowed anyone holding 500,000 HYPE tokens to…
3 / 11
Under the new model, taker fees for qualifying markets will be reduced by 90% or more when growth mode is active. The standard taker fee of 0.
4 / 11
Growth mode is activated on a per-asset basis and, importantly, does not require permission. Builders deploying new perpetual markets may opt in to the reduced-fee model instantly.
5 / 11
Despite its emphasis on openness, growth mode is designed with guardrails to protect Hyperliquid’s existing trading ecosystem.
6 / 11
Validators on the network will also be able to vote to deactivate growth mode for a market that violates eligibility rules.
7 / 11
The initial response from the community has been enthusiastic. Hyperliquid usage statistics already show a strong upward trend over the past year.
8 / 11
On social platforms, sentiment has leaned overwhelmingly positive. Multiple traders have praised the permissionless nature of the exchange, celebrating its accessibility from…
9 / 11
The upgrade’s market implications extend beyond traders and builders to include HYPE token holders.
10 / 11
Hyperliquid’s decision to expand its decentralized perpetual system this aggressively reflects a larger trend unfolding across crypto: the shift from product-limited…
11 / 11
With HIP-3 growth mode now active, the network is entering a new phase where the success of future markets depends less on the core team and more on the builders who choose…
The Currency Analytics
Want the full story?