Hyperliquid Launches Growth Mode to Slash Trading Fees
Hyperliquid has introduced Growth Mode under its HIP-3 upgrade. This feature cuts trading fees by up to 90% for new markets. The update will go live in the next network upgrade. It aims to lower barriers and boost liquidity for deployers launching new markets.
Growth Mode reduces all-in taker fees to between 0.0045% and 0.009%. For aligned collateral assets, fees drop further to 0.0036%–0.0081%. These rates are up to ten times cheaper than validator-operated markets.
How Growth Mode Works and Eligibility Rules
Deployers set the fee scale between 0 and 1, deciding how much fees they keep. Growth Mode can be activated per asset without approval but requires a 30-day waiting period before reuse. It applies only to new markets separate from crypto-based perpetuals. Crypto pairs, baskets, and gold-tracking markets are excluded.
Growth Mode can combine with staking discounts and aligned stablecoin benefits. Any uncertainties will be resolved by an on-chain validator vote.
Market Response and On-Chain Growth Data
The crypto community has reacted positively. User starcraft2 praised the update on X, saying it addresses concerns about high fees. The update also brings optimism for projects like tradexyz and kinetiq_xyz.
Analyst Pink Brains highlighted strong traction in equity perpetuals such as TSLA, NVDA, and AMZN. These markets have robust volume and open interest. Growth Mode lowers fees beyond competitors like Binance and CME micros. It also strengthens the HYPE staking loop by requiring deployers to stake 500,000 HYPE tokens.
On-chain data from DefiLlama shows Hyperliquid’s trading volumes rising steadily since 2024. Daily volumes often exceed $10 billion, with spikes over $30 billion. This surge underscores growing demand as Growth Mode launches.
Growth Mode helps new markets launch with lower costs, encouraging early trading activity and better liquidity. This upgrade marks a key step in Hyperliquid’s expansion and the broader growth of on-chain markets.
