Hyperliquid HIP 3 Unlocks Permissionless Perpetuals for DeFi

Hyperliquid, a growing DeFi platform, has rolled out HIP 3, a major upgrade that allows developers to create perpetual contracts without permission. This means builders can launch new products directly on the blockchain without waiting for approvals. This change makes Hyperliquid more open and flexible than before.

Hyperliquid co-founder Jeff Yan said TradeXYZ, Ventuals, and Felix Protocol have launched HIP 3, introducing permissionless perp deployments on Hyperliquid after months of work on the core protocol and deployer. He added that HIP 3 is expected to improve capital efficiency and…

— Wu Blockchain (@WuBlockchain) November 16, 2025

Jeff Yan, co-founder of Hyperliquid, said that three projects, TradeXYZ, Ventuals and Felix Protocol,  have already deployed HIP 3. He added that the team spent months improving the core protocol and the deployer to make the system faster and more reliable. He believes HIP 3 will help developers work more efficiently and allow the platform to grow faster.

What HIP 3 Changes

HIP 3 makes Hyperliquid easier to use and more flexible. With permissionless deployments, developers can test and launch new ideas quickly. This encourages more innovation on the platform.

Moreover, HIP 3 improves capital efficiency. Builders can use liquidity more effectively, which helps bigger markets work better. It also helps price discovery, because more trading options allow the market to reflect fairer prices.

In short, HIP 3 gives both developers and traders more freedom and better tools. It opens the door to new trading strategies and more creative financial products.

Projects Leading the Way

The first adopters of HIP 3 are exploring new possibilities. TradeXYZ focuses on algorithmic trading. While Ventuals works on cross-chain liquidity, Felix Protocol creates tools for automated risk management.

By using HIP 3, these projects can launch products faster. They can also test new methods that could influence how other DeFi projects operate. This makes Hyperliquid a more active and exciting platform.

Why It Matters for DeFi

HIP 3 could change the way decentralized finance works. First, it removes delays and allows smaller teams to compete with bigger ones. Second, it helps the market use capital better, making trading smoother.

Also, it improves transparency and gives traders more choices. As more projects join, the platform could attract both retail and institutional investors. In addition, it may encourage other DeFi platforms to adopt similar open approaches. Overall, HIP 3 strengthens Hyperliquid’s role in the DeFi ecosystem.

The Future of HIP 3

Hyperliquid HIP 3 is a big step for builders and traders alike. It shows that decentralized finance can be fast, flexible and open to everyone.

As more projects launch on HIP 3, we can expect faster innovation, more trading options and stronger markets. Furthermore, Hyperliquid is not just improving a protocol, it is creating a platform where builders and investors can grow together. Its open approach may inspire the next generation of DeFi products worldwide.