Hyperliquid will enable its HIP-3 network upgrade Monday, giving anyone who meets the onchain requirements to launch eternal futures markets on the platform.
An administrator announced in Hyperliquids Discord that the upgrade of October 13 will turn on HIP-3, adding that “there is no immediate change for users,” but implementers can create markets “once ready.”
The proposal – Improving Hyperliquid Improvement 3 – Introduces permission -free implementation of Eternal Dexs on Hypercore by putting 500,000 hype. Integrated with Hyperevm includes HIP-3 protective measures such as validator cutting and open interest rates.
Hype has risen 13.4% over the past 24 hours to about $ 42, giving the token a market value of approx. $ 14.1 billion, according to CoinMarketcap.
Hyperliquid was in the limelight this weekend after the crypto market’s gearing flush, which saw $ 19.3 billion of liquidations, of which $ 10 billion on Hyperliquid, per. Coinglass.
Binance, a centralized exchange, worked poorly during volatility, resulting in hundreds of millions of dollars being distributed in refund.
