Hyperliquid Launches HIP-3 Growth Mode, Cutting Taker Fees by Over 90%

Hyperliquid launched HIP-3 Growth Mode on Nov. 19, allowing permissionless deployment of new markets with sharply reduced taker fees, BlockBeats reports. The upgrade lowers composite taker fees from 0.045% to between 0.0045% and 0.009% for newly launched markets, with users at the highest staking and trading volume tiers accessing fees as low as 0.00144% to 0.00288%. Deployers can activate the mode for individual assets without approval or centralized gatekeeping.