Hyperliquid to Roll Out ‘Growth Mode’ to Supercharge New Markets

Why It Matters

By cutting fees over 90%, Hyperliquid aims to accelerate the launch and adoption of novel perpetual markets, potentially expanding its ecosystem and increasing on‑chain trading volume in a competitive DeFi landscape.

Summary

Hyperliquid announced a "growth mode" upgrade for its HIP‑3 perpetual futures system, slashing taker fees from the standard 0.045% to as low as 0.00144%‑0.009% for new permissionless markets. The fee reductions, which also apply to rebates and volume contributions, are intended to attract early liquidity and trading activity to markets that are not duplicates of existing validator‑operated perps. Growth mode can be enabled by deployers who stake at least 500,000 HYPE tokens, but markets must be distinct from existing assets and are subject to a 30‑day cool‑down and validator oversight. Hyperliquid’s TVL sits above $4.2 billion, while its HYPE token trades around $37.30.