
Hyperliquid launches HIP-3 Growth Mode, making it easier and cheaper to deploy new markets.
Taker fees, rebates, and volume-based contributions drop by over 90%
The feature is permissionless, allowing anyone to activate it without approval
Hyperliquid, a leading on-chain decentralized exchange, has introduced an exciting upgrade, called the “HIP-3 Growth Mode”, that allows anyone to permissionlessly deploy new markets. This has sparked a lot of interest in the crypto community as it aims to lower the barriers to entry and bring in more liquidity to the platform.
What is The Growth Mode?
“In order to bootstrap novel markets, the next network upgrade will allow HIP-3 deployers to activate growth mode on a per asset basis. Like other HIP-3 deployer actions, activating growth mode is permissionless,” it said.
When Growth Mode is active, trading costs drop dramatically. The taker fees, rebates, and volume contributions are reduced by at least 90%. Notably, growth mode applies on top of other multipliers such as aligned stablecoin collateral fee benefits and staking discounts.
Under the growth mode, the all-in taker fees drop from around 0.045% to 0.0045%–0.009%. At maximum volume and staking tier, the taker fee will drop even further to 0.00144%–0.00288% for non-aligned collateral assets.
The parameters of Growth Mode can also be adjusted based on feedback.
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Eligibility for Using Growth Mode
There are two main rules for growth mode. The deployer fee scale must be between 0 and 1. This is the percentage of user fees that the deployer keeps before applying the aligned stablecoin collateral discount, if applicable. When growth mode is activated for an asset, it stays locked for 30 days before any changes can be made.
Secondly, the market must be entirely disjoint from existing validator-operated perpetuals to prevent parasitic volume. The ineligible markets include crypto perpetuals, crypto indexes, ETFs, or assets like the PAXG-USDC gold perp, which closely track exisiting markets.
Community Reacts
This sparked a lot of excitement in the crypto community. One user said that Hyperliquid is about to unleash a perp trading revolution, calling it “a turbo-boost for innovation on the fastest L1 for derivatives.”
“We’re talking 5-10x lower costs than legacy chains, drawing in wild assets that validators never touched—real-world yields, exotic commodities, tokenized treasuries on STEROIDS,” he said. He added that traders could see massive volumes and razor-thin spreads, while HYPE holders could also see significant gains.
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FAQs
Growth Mode is a feature that dramatically lowers trading costs for assets on Hyperliquid, boosting market activity and innovation.
Taker fees drop 5–10x, from ~0.045% to as low as 0.00144–0.00288% for aligned collateral and maximum volume tiers.
Any deployer can activate it permissionlessly for eligible assets, with a 30-day cooldown per asset.
Eligible markets must be separate from existing validator-operated perps; crypto indexes, ETFs, and gold-tracking perps are excluded.
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