Hyperliquid launches HIP-3 growth model, new market fees reduced by 90% to boost liquidity

According to ChainCatcher, as reported by CoinDesk, the decentralized exchange Hyperliquid has launched the HIP-3 growth model, allowing anyone to deploy new markets without permission and significantly reducing fees to boost liquidity.

This feature reduces the taker fees for newly launched markets by more than 90%, from the usual 0.045% down to 0.0045%-0.009%. For users with top-tier staking and trading volume levels, fees can be further reduced to 0.00144%-0.00288%.