The Hyperliquid HYPE network is on the verge of a significant transformation with the activation of HIP3, a pivotal protocol upgrade. This development is set to enhance the platform's decentralization by allowing users to create perpetual futures markets without permission, as the source reports that this upgrade will empower users with greater control over their trading activities.
Upgrade Announcement
Scheduled to go live today, October 13, the upgrade was confirmed by a Hyperliquid administrator via the project's official Discord channel. HIP3 will empower qualified deployers to establish their own perpetual markets, thereby decentralizing the listing process and fostering a more open trading environment.
Significance of the Upgrade
This upgrade is a crucial step in Hyperliquid's journey towards becoming a fully autonomous and permissionless trading protocol. By enabling users to create markets independently, the HYPE network aims to enhance user engagement and broaden the scope of trading opportunities available on its platform.
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