Hyperliquid HIP 3 and the Emergence of Decentralized Listings in DeFi
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 16 2025Decentralized Market Creation: HIP 3 allows anyone to create a perpetual market on Hyperliquid by staking 500,000 HYPE tokens, promoting a permissionless and decentralized listing environment that empowers the community to innovate and manage their own markets.
Ecosystem Growth and Financial Stack: The activation of HIP 3 has led to a rapid expansion of the Hyperliquid ecosystem, with over a hundred active projects enhancing the financial stack, including Kinetiq for liquid staking and Based for trading, contributing to a self-sustaining system with a total TVL exceeding 6.5 billion dollars.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
