Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Everyone Can Launch a DEX: Hyperliquid Activates HIP-3 Upgrade

Everyone Can Launch a DEX: Hyperliquid Activates HIP-3 Upgrade

BeInCrypto2025/10/13 02:12
By: Paul Kim
HYPE+8.09%
Hyperliquid has activated its HIP-3 upgrade, which allows anyone to launch a futures DEX by staking 500,000 HYPE. The upgrade is designed to accelerate decentralization and attract builders to the ecosystem.

Decentralized exchange (DEX) Hyperliquid announced it will activate its HIP-3 upgrade, allowing anyone to launch their own futures DEX.

The exchange announced the network upgrade on its Discord channel on Monday. The activation is scheduled for 9:15 a.m. UTC.

Hyperliquid: This Year’s Perp DEX

Hyperliquid is a Layer-1 blockchain-based platform that supports high-performance perpetual futures contracts and spot trading in a decentralized finance (DeFi) environment. It uses a custom consensus algorithm called HyperBFT.

This enables high-performance order matching and an on-chain Central Limit Order Book (CLOB). The exchange’s key feature is its ability to process hundreds of thousands of orders per second in under 0.2 seconds.

The platform provides a trading experience that is on par with a centralized exchange (CEX) but with very low transaction fees and almost no latency. Its popularity grows, as users can access various advanced trading tools, including leverage and limit orders.

Its Total Value Locked (TVL) grew from $564 million in Q4 2024 to over $3.5 billion in June 2025, a six-fold increase in six months. According to crypto data platform Coingecko, its TVL is currently $5.54 billion, with a daily trading volume of $812 million.

A New Era of Decentralization

The HIP-3 upgrade will allow anyone to launch a futures DEX without a separate license or approval, as long as they stake at least 500,000 HYPE. This means teams can build a new futures exchange using Hyperliquid’s core infrastructure, such as HyperCore.

This is possible even without technical expertise. The DEX operators can earn up to 50% of the trading fees. However, their staked HYPE can be slashed if they violate the rules.

This upgrade will allow startups and individual builders to experiment with low-cost futures DEXs for cryptocurrencies, gold, silver, and even unlisted stocks. If this initiative succeeds, the Hyperliquid ecosystem could grow into a comprehensive, Web3-based financial infrastructure.

The community has responded with high expectations. Hyperliquid user on X called the upgrade an example of “how real decentralization looks.” He added that “builder-deployed perps turn Hyperliquid into a living ecosystem, not a closed exchange.”

According to CoinGecko, the price of HYPE is $41.97 as of this article’s writing, a 13.1% increase from the previous day.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

The fund shorting MicroStrategy is now targeting the Ethereum treasury company.

Has the "flywheel" become a "death spiral"?

BlockBeats2025/10/13 22:03
Sam Altman in conversation with a16z co-founder: Will aggressively bet on infrastructure, sora is an important strategic tool

The AI competition is shifting from algorithms to a comprehensive battle involving computing power, capital, and energy.

BlockBeats2025/10/13 22:03
What should we know behind the $2 billion liquidation?

When the harsh reality of leverage becomes apparent, every participant must remember: risk management is always more important than chasing returns.

区块链骑士2025/10/13 21:52

Trending news

More
1
Aave DAO has cumulatively repurchased 100,000 AAVE and plans to use them as collateral to initiate GHO credit.
2
The fund shorting MicroStrategy is now targeting the Ethereum treasury company.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,844.09
+0.41%
Ethereum
Ethereum
ETH
$4,266.09
+3.26%
BNB
BNB
BNB
$1,295.31
+0.37%
Tether USDt
Tether USDt
USDT
$1
+0.02%
XRP
XRP
XRP
$2.62
+3.02%
Solana
Solana
SOL
$209.18
+6.50%
USDC
USDC
USDC
$1.0000
+0.00%
Dogecoin
Dogecoin
DOGE
$0.2158
+3.88%
TRON
TRON
TRX
$0.3241
+0.37%
Cardano
Cardano
ADA
$0.7332
+5.10%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter