Hyperliquid has announced the launch of HIP 3, a new initiative enabling permissionless perpetual contract deployments on its platform. This development, spearheaded by TradeXYZ, Ventuals, and Felix Protocol, follows extensive work on Hyperliquid's core protocol and deployer. According to co-founder Jeff Yan, HIP 3 aims to enhance capital efficiency and improve price discovery in global markets by allowing builders to utilize Hyperliquid's on-chain infrastructure.