HIP-3 Goes Live: Hyperliquid Slashes Fees by 90% in Bid to Accelerate New Market Growth

Hyperliquid has rolled out HIP-3 “growth mode,” a new framework that dramatically lowers fees and opens the door for anyone to launch markets permissionlessly, marking one of the exchange’s most expansion-focused updates to date.

The feature enables deployers to spin up new markets with no gatekeeping while securing taker fees that are more than 90% lower than the platform’s standard rate. The change is aimed at jump-starting liquidity, attracting new market makers, and broadening the range of assets available on Hyperliquid.

With HIP-3 activated, taker fees drop from the usual 0.045% to a range between 0.0045% and 0.009%, and can fall even further—down to 0.00144%–0.00288%—for users operating at the highest staking or trading-volume tiers, according to the announcement.

The overhaul is designed to meaningfully reduce trading costs and lower the barriers to launching new markets, further positioning Hyperliquid as a competitive alternative to centralized derivatives venues.

Taker fees apply to trades that consume liquidity by matching against existing orders on the order book.

To enable HIP-3 for an asset, deployers must select a fee scale from 0 to 1, which determines how much of the trading fee they keep before any collateral-based discounts. Growth mode is restricted to markets that do not overlap with validator-operated perpetuals, preventing volume leakage or duplication. Disallowed categories include crypto perps, crypto baskets, ETF-style products, or anything that closely shadows an existing market such as a gold perpetual tied to PAXG-USDC.

Once growth mode is turned on, it remains locked in place for 30 days to preserve consistency and prevent rapid configuration switching.

The announcement sparked strong reactions across crypto social media, where users praised the move as a major accelerator for Hyperliquid’s ecosystem.

“This isn’t a minor upgrade—it’s a full-blown catalyst for hypergrowth,” one X user wrote. “Fees are 5–10x cheaper than on legacy chains, and it opens the door to completely new asset classes: real-world yield markets, exotic commodities, tokenized treasuries. Deployers will pour in, and traders should expect a surge in volume and ultra-tight spreads.”

Despite the enthusiasm, Hyperliquid’s native token HYPE slipped 6% and is currently trading below $40.

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