Hyperliquid Kicks Off HIP-3 Upgrade: Permissionless Perps Now Possible

The Hyperliquid (HYPE) network is set to activate the HIP-3 upgrade, a significant protocol change enabling the creation of permissionless perpetual futures markets. This is expected to be implemented today, October 13, according to an announcement from a Hyperliquid administrator on their official Discord channel. HIP-3 marks a major step towards decentralized trading, with qualified deployers soon able to launch their own perpetual markets on the network.