Hyperliquid has taken a significant step towards decentralizing the implementation of perpetual markets with HIP-3. Developers can soon deploy their own perpetual markets on the network without needing approval from a central authority. A test version of this feature is already running on the testnet.

Additionally, HYPE tokens are available on exchanges such as Bitvavo and Bybit. This development marks a new role for the platform, expanding its capabilities and offerings to developers and users alike.