Hyperliquid unveils HIP-3 growth model, slashing fees by 90% to enter new markets

Hyperliquid has launched the HIP-3 Growth Model, which allows permissionless deployment of markets with fees reduced by over 90%. This strategic move targets improved liquidity and aims to attract new market makers.

To qualify for the new model, deployers must set transaction fees between 0% and 1% and ensure that markets do not overlap with existing contracts, with a mandatory locked period of 30 days for stability.