Hyperliquid Proposes HIP-3 Growth Mode to Deepen Liquidity and Cut Trading Fees
Hyperliquid has introduced the HIP-3 Growth Mode, a new protocol initiative aimed at allowing permissionless deployment of new markets with significantly reduced taker fees. Under this mode, all-in taker fees will decrease from 0.045% to as low as 0.0045%-0.009%, and at the highest staking and volume levels, fees can drop even further to 0.00144%-0.00288%.
Growth Mode is activated on a per-asset basis by deployers without any centralized gatekeeping and imposes a 30-day lock after activation. To qualify, assets must avoid overlapping with existing validator-operated perpetual markets and must exclude crypto perpetuals, crypto indexes, ETFs, or assets that closely track existing markets. The primary goal of Growth Mode is to deepen liquidity and broaden asset offerings, thereby enhancing competitiveness with centralized exchanges.
In related developments, Aerodrome and Velodrome are merging into Aero, a unified trading system that will expand to the Ethereum mainnet by Q2 2026. Aero aims to act as a cross-chain liquidity hub with Base as the central focus, providing faster and cheaper on-chain trading while extending liquidity to chains beyond Base.
The recent Cloudflare outage has revitalized efforts to decentralize infrastructure, promoting the growth of DePIN (decentralized physical infrastructure networks) to reduce reliance on centralized providers and improve internet resilience.
Additionally, dYdX governance has approved increasing its buyback allocation to 75% of net protocol fees from the previous 25%, while allocating 5% each to the Treasury SubDAO and MegaVault. This approval passed with 59.38% support.
