On November 19, Hyperliquid launched a new feature that allows anyone to deploy new markets with virtually no permission required, and to boost liquidity and incentivize new market makers to join with ultra-low fees.
This upgrade, known as HIP-3 Growth Mode, reduces the overall taker fee for newly launched markets by over 90%. Deployers can freely enable this mode on a per-asset basis, without any approval or centralized oversight.
Following the upgrade, the overall taker fee will drop from the standard 0.045% to 0.0045%–0.009%. At the highest staking and trading volume levels, the fee can be further reduced to 0.00144%–0.00288%, according to the official announcement. This upgrade aims to enhance liquidity and expand asset coverage with lower entry barriers and trading costs, further solidifying Hyperliquid's position as a strong competitor to centralized exchanges.
