The Protocol: Hyperliquid Introduces Proposal to Cut Fees
Hyperliquid proposed HIP-3 growth mode to slash taker fees by over 90% for new, permissionless markets.Summary
Decentralized exchange Hyperliquid introduced HIP-3 growth mode, allowing anyone to permissionlessly deploy new markets with drastically reduced fees to boost liquidity and attract market makers. This upgrade slashes all-in taker fees by over 90%, dropping them from the usual 0.045% to as low as 0.0045%-0.009%, or even lower at high staking/volume tiers. To qualify, new markets must be distinct assets, avoid overlapping with existing validator-operated perpetuals, and deployers must set their fee scale within a specific range. Once activated for an asset, the growth mode locks for 30 days to ensure stability. This move is intended to lower barriers to entry and trading costs, strengthening Hyperliquid's competitive position against centralized exchanges. The article also briefly covers Aerodrome's overhaul into a unified Aero system, the renewed push for decentralization following a Cloudflare outage, and dYdX's approval to increase its protocol revenue buyback allocation to 75%.
(Source：CoinDesk)