Hyperliquid Launches 'HIP-3 Growth Model,' Transaction Fees Reduced by Over 90%

On-chain decentralized exchange Hyperliquid has launched the 'HIP-3 Growth Model,' allowing users to deploy new markets with ultra-low fees and without permission. The overall taker fee reduction exceeds 90%. Deployers do not require centralized approval and can activate new markets asset by asset, but must set the fee ratio between 0 and 1 and avoid overlapping with perpetual contracts operated by existing validators. Once a growth model market is launched, it must remain locked for 30 days before modifications can be made to ensure market stability.