Hyperliquid introduces HIP-3 Growth Mode, reducing the overall slippage by over 90%.

BlockBeats News, November 19th, Hyperliquid has launched a new feature that allows anyone to deploy a new market in an almost permissionless manner, enhancing liquidity through ultra-low fees and incentivizing new liquidity providers to join.

This upgrade, known as HIP-3 Growth Mode, slashes the comprehensive taker fee for newly launched markets by over 90%. Deployers are free to enable this mode on a per-asset basis, with no need for approval and no centralized gatekeeping throughout.

Post-upgrade, the comprehensive taker fee will drop from the standard 0.045% to 0.0045%–0.009%. Under the highest collateralization and trading volume tiers, fees can be further reduced to 0.00144%–0.00288%, as per the official announcement. This upgrade aims to deepen liquidity, expand asset coverage, and strengthen Hyperliquid's position as a robust competitor to centralized exchanges with a lower barrier to entry and transaction costs.