Hyperliquid Unveils HIP-3 Growth Mode, Cuts Fees by 90% to Boost New Markets

Hyperliquid has introduced its HIP-3 growth mode, enabling permissionless market deployment with drastically reduced fees aimed at enhancing liquidity. This initiative lowers taker fees for new markets by over 90%, dropping from a standard 0.045% to a range of 0.0045%-0.009%, potentially as low as 0.00144% for top-tier traders. The strategy requires deployers to ensure that new markets do not overlap with existing assets, with markets locked for 30 days to ensure stability. The transformative growth mode is expected to attract diverse assets and stimulate liquidity, fostering competition against centralized trading platforms. Comments on social media reveal excitement around the update, highlighting its potential to revolutionize trading costs and market entry. Additionally, the native token HYPE experienced a 6% decline following the announcement, trading under $40.

Source 🔗