The Future of Hyperliquid Lies in HIP-3, and the Foundation of HIP-3 is HyperStone

Hyperliquid isn't just building an on-chain perpetual contract exchange; it's establishing an entire ecosystem, which unlocks immense growth potential. With the rising interest in Real World Assets (RWA) such as US Treasury bonds and tokenized stocks, it's crucial to leverage the power of the ecosystem for scalability. October 13, 2025, will mark the launch of HIP-3 Mainnet, enabling fully decentralized perpetual contract listings. Hyperliquid will transition from a strictly controlled exchange to an open platform where anyone can launch their own market by staking 1 million HYPE. Simply put, Hyperliquid will grant the community the power to list coins.

The Core Challenge: Decentralized Price Discovery

As everyone seeks to bring diverse assets onto the chain, a critical challenge emerges: price discovery. Unlike Hyperliquid's native markets, which rely on validator consensus for asset pricing, HIP-3 markets rely entirely on external price data provided by oracles. This places stringent demands on data accuracy and timeliness. Therefore, oracles are the most critical infrastructure.

RedStone: A Key Player in the Oracle Space

Attention should be paid to RedStone. Since the launch of HyperEVM, RedStone has held a dominant 99.5% market share in the oracle market, serving as the official price feed provider for Hyperliquid's native stablecoin, USDH. Building upon this, RedStone has also developed HyperStone, optimizing its modular oracle architecture into a HIP-3 dedicated solution. This is the first oracle specifically designed for HIP-3.

HyperStone: The Cornerstone of HIP-3

HyperStone empowers developers to launch perpetual contracts on virtually any asset, from cryptocurrencies to tokenized stocks (e.g., TSLA), Real World Assets (RWA), and even economic indicators. For example, if you want to create a Tesla stock perpetual contract, HyperStone will tell you every 3 milliseconds the current Tesla stock price in the US stock market. Arguably, without HyperStone, HIP-3 would be a ghost town.

Hyperliquid's Moat

Where does Hyperliquid's moat lie? Not in trading volume, nor in fees, but in the ability to build markets and the accuracy and speed of price feeds. Hyperliquid is transitioning from a centralized team-driven model to a decentralized trading network. And every heartbeat of this network stems from HyperStone's 3-millisecond pulses. This is why the future of Hyperliquid lies in HIP-3, and the foundation of HIP-3 is HyperStone.


Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients. 

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