Hyperliquid Opens Doors for Third-Party Perpetual Futures Deployments

Decentralized exchange Hyperliquid has introduced an upgrade allowing third parties to independently launch their own perpetual swap contracts on the platform, a move that marks a significant shift toward fully decentralized perpetual futures listings. The update, formally known as Hyperliquid Improvement Proposal 3 (HIP-3), is now live and enables anyone staking 500,000 HYPE ($20.5 million at the time of writing) to deploy their own perpetual swap contracts with independent margining, orderbooks, and parameters. HIP-3 eliminates the need for central authorities by allowing builders to directly create and customize markets.