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.

The article explains how Ethereum can leverage "builder codes" to create a new revenue model for app developers. By embedding these unique referral codes in transactions, developers can earn fees for the volume they generate on platforms like Hyperliquid and Polymarket. This system fosters innovation and revenue generation in the crypto space.