Hyperliquid (HYPE) The altcoin ecosystem has seen significant developments.
Platform co-founder Jeff Yan announced the launch of HIP-3 with TradeXYZ, Ventuals, and Felix Protocol. This update marks a major milestone for the protocol, allowing anyone to freely launch permissionless perpetual (perp) products on Hyperliquid.
Jeff Yan congratulated the team, which has been working on the core protocol and deployer infrastructure for months, and said that HIP-3 allows developers to take advantage of Hyperliquid’s on-chain architecture. Yang said this innovation will improve capital efficiency and strengthen the price discovery process in global markets.
The project team claims that HIP-3 will provide developers with a robust infrastructure and democratize the distribution of financial products. The Hyperliquid team believes this is an important step in the platform’s vision of “bringing all finance on-chain.”
Meanwhile, HYPE price increased by 2.83% in the past 24 hours. The token is still trading 32% below its all-time high.
*This is not investment advice.
