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Hyperliquid, HIP-3 mode released…lower fees to expand liquidity
Source: DigitalToday Original Title: Hyperliquid, HIP-3 Mode Released…Lower Fees to Expand Liquidity Original Link:
The decentralized exchange Hyperliquid has introduced the HIP-3 mode to activate new markets.
The HIP-3 mode is fundamentally about allowing anyone to open new markets without permission, lowering fees to expand liquidity and encourage participation in new markets.
In HIP-3 mode, the total Taker ( fee decreases from the existing 0.045% to a level of 0.0045%~0.009%, and in the highest staking and trading volume tiers, it is reduced to as low as 0.00144%.
This is a measure to strengthen competitiveness against centralized exchanges and to support the trading of various assets on a hyper-liquid platform.
The taker fee is the cost incurred when executing an order that matches an existing order instantly, and this reduction is expected to significantly lower trading costs.