The post Hyperliquid Crypto Pumps 12% Amid Incoming HYPE Network Upgrade, Is ATH Next? appeared on BitcoinEthereumNews.com.

Key Insights: The HIP-3 upgrade by the Hyperliquid crypto would allow developers to create perpetual markets without permission. HYPE price rises 12% to around $42 as traders anticipate the update. The Hyperliquid upgrade boosts transparency and strengthens Hyperliquid’s DeFi position Hyperliquid crypto (HYPE) will activate its HIP-3 network upgrade today, allowing developers to create new perpetual futures markets without permission. The move comes as HYPE price climbs 12% to about $42, raising talk of a possible new all-time high. HIP-3 Brings a New Phase for Hyperliquid Crypto In a major development, Hyperliquid crypto is preparing for one of its biggest updates yet. The network upgrade, known as HIP-3, will allow anyone who meets the set conditions to create perpetual futures markets on the platform. The announcement came through the project’s Discord channel, confirming that the update would be enabled on Oct. 13. An administrator of the HYperliquid crypto explained that HIP-3 will be part of a broader network upgrade. Once activated, developers who stake 500,000 HYPE tokens will be able to set up their own perpetual decentralized exchanges (DEXs) on HyperCore. According to a document shared by the team, HIP-3 is designed to make the listing of perpetual markets more open and decentralized. Hyperliquid Crypto HIP-3 Upgrade | Source: Wu Blockchain It introduces rules and safety systems, such as validator penalties and limits on open positions, to protect users and the network. Hyperliquid has also built HIP-3 to work with HyperEVM, which supports smart contracts and network governance. The aim is to give builders more control while keeping the system transparent. Although users will not see immediate changes, the upgrade lays the foundation for broader participation and innovation on the platform. This update could also attract developers who want to build or experiment with decentralized trading systems. Notably, by removing…

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Filed under: News - @ October 13, 2025 7:27 pm