Hyperliquid has introduced HIP-3 growth mode, allowing users to create new markets with fees reduced by over 90%. This feature aims to enhance liquidity by enabling permissionless deployment while maintaining certain restrictions to ensure market stability.

This article outlines the expected revenue from HIP-3, predicting $60 million in trading fees and $16 million in auction revenue in its first year. It highlights the introduction of permissionless perpetual markets and the potential for liquidity-as-a-service on Hyperliquid. The piece also addresses the challenges of equity perps in the current market.