Hyperliquid has introduced a new permissionless spot trading feature, allowing users to deploy assets without listing fees. Announced on October 15, 2025, the platform eliminates the need for a listing department, enabling users to list assets by paying HYPE token gas fees. Deployers can earn up to 50% of trading fees from their spot trading pairs, with the entire process being transparent and verifiable on-chain. This development supports a fully permissionless DeFi lifecycle, from project creation to token listing and trading.