Hyperliquid, a prominent decentralized exchange (DEX), has announced a significant upgrade that allows third parties to launch their own perpetual swap contracts on the platform. This is possible thanks to Hyperliquid Improvement Proposal 3 (HIP-3), which removes the need for prior approval and empowers builders and traders alike in the rapidly evolving cryptocurrency ecosystem. With HIP-3, users can now launch their own futures contracts with customizable parameters after staking a minimum of 500,000 HYPE tokens, valued at approximately $20.5 million. This move promotes more decentralized derivatives markets by reducing reliance on centralized listings and lowering costs for trading.