HYPERLIQUID UNVEILS HIP-3 GROWTH MODE

Summary from the TLDR Crypto newsletter

Hyperliquid launched HIP-3 growth mode, allowing permissionless market deployment with taker fees slashed over 90% from 0.045% to 0.0045%-0.009%, potentially reaching 0.00144% for top-tier traders at maximum staking and volume tiers. Deployers must set fee scales between 0-1 and avoid overlap with existing validator-operated perpetuals to prevent parasitic volume, with growth mode locking for 30 days once activated to ensure market stability. The upgrade aims to deepen liquidity and broaden asset offerings by lowering barriers to entry for exotic markets, including real-world yields, commodities, and tokenized treasuries, though HYPE token fell 6% below $40.