Hyperliquid launches the HIP-3 rise model, which reduces the Taker fee by over 90%.

On November 19, Hyperliquid launched a new feature that allows anyone to deploy new markets with almost no permissions and enhance liquidity while incentivizing new market makers to join with ultra-low fees. This upgrade is called HIP-3 Growth Mode, which reduces the comprehensive taker fee for newly launched markets by over 90%. Deployers can freely enable this mode per individual asset, with no approval required and no centralized gatekeeping. After the upgrade, the comprehensive taker fee will drop from the regular 0.045% to 0.0045%–0.009%. At the highest staking and volume levels, the fees can even be further reduced to 0.00144%–0.00288%, according to the official announcement. This upgrade aims to deepen liquidity and expand asset coverage with lower entry barriers and transaction costs, further solidifying Hyperliquid's position as a strong competitor among centralized exchanges.