Every Zipp story tagged #HIP3, newest first.
A 27% wick on a HIP-3-listed Korean stock perp exposed the liquidity fragility of permissionless listing: any staker can launch a market, but depth on entry is anything but guaranteed.
The co-founder frames HIP-3 as proof of concept: a permissionless deployment layer the team built because nothing like it existed, and the next bet follows the same template.
Trade[XYZ] deployed the contract with a $5 reference, not the RMB 8.66 IPO price, and a 20% discovery bound and internal oracle govern the mark until CXMT starts trading.
The sit-down is a signal that perpetual-futures DEXes are on the SEC's crypto-policy agenda, with Hyperliquid's HIP-3 stock perps in the crosshairs.
HIP-3 built-in markets have grown from a niche experiment to nearly half of Hyperliquid's perp flow in weeks, a structural shift that pulls 24/7 equity trading onto the onchain rails.
The HIP-3 slice of Hyperliquid's open interest is doing the heavy lifting: $3.69B is a new high and signals real-money demand for the platform's permissionless perps rails, not just HYPE-native flow.
Hyperliquid has reached a record share of the global perpetuals market, with its HIP-3 protocol crossing $62 billion in…
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