Hyperliquid has launched its HIP-3 upgrade, transforming the platform into a permissionless 'exchange within an exchange' system. This allows developers to create perpetual futures markets by staking 500,000 HYPE, valued at approximately $16 million. The upgrade also reduces transaction fees to as low as 0.02%. Early adopters, such as Trade.xyz, have already achieved over $500 million in daily trading volume. Despite current resistance at $34, HYPE's price is projected to reach $50 by December 2025, according to technical indicators. The upgrade also paves the way for new asset listings, including SBET, although no official announcements have been made yet.