The post Hyperliquid launches HIP-3 as HYPE rebounds after $10B liquidation wave appeared on BitcoinEthereumNews.com.

Hyperliquid is activating its HIP-3 upgrade on Monday, introducing permissionless perpetual market creation on its decentralized derivatives platform. Summary HIP-3 allows builders to deploy perpetual futures markets on HyperCore by staking 500,000 HYPE tokens. The upgrade follows a $19.3 billion market-wide liquidation event, with $10 billion cleared on Hyperliquid alone. HYPE price has rebounded from $20 to $42, aiming to break above the $45 resistance aligned with its 20-day SMA. Hyperliquid (HYPE) is set to take a major leap toward decentralization with the activation of HIP-3 (Hyperliquid Improvement Proposal 3) upgrade. According to an announcement shared in Hyperliquid’s official Discord, the network upgrade will go live on Oct. 13, and will include HIP-3. While there will be no immediate impact for existing users, builders who meet the on-chain criteria can begin deploying their own perpetual markets once preparations are complete. Under HIP-3, deployers can launch decentralized perpetual exchanges on the HyperCore infrastructure by staking 500,000 HYPE tokens. The system integrates with HyperEVM, providing smart contract support and governance capabilities. To ensure market integrity, the proposal introduces safeguards such as validator slashing mechanisms and open interest caps. A minimum viable product of this feature was previously live on testnet, and today marks its official mainnet rollout. HYPE recovers as Hyperliquid weathers $10B liquidation The HIP-3 rollout comes just days after one of the most turbulent weekends in crypto markets this year, sparked by renewed global trade tensions. A massive leverage flush across major exchanges wiped out roughly $19.3 billion in positions, with over $10 billion in liquidations occurring on Hyperliquid alone, according to Coinglass data. Meanwhile, Hyperliquid’s native token HYPE is staging a strong rebound after last week’s drop to the $20 level. Now trading near $40, the token is attempting to reclaim the ascending trendline support, now acting as resistance,…

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Filed under: News - @ October 13, 2025 6:28 pm