Decentralized perpetuals exchange and Layer 1 blockchain Hyperliquid is rolling out a new upgrade for its HIP-3 system, the team announced in a Telegram post on Wednesday, Nov. 19.

The upgrade, dubbed “growth mode,” is a permissionless mechanism designed to help HIP-3 deployers launch and attract early activity to new perp markets by slashing all-in fees by 90% or more. Rebates and volume contributions will also be at least 90% lower, the team said.

Specifically, when growth mode is active, taker fees fall to 0.0045%–0.009%, instead of the usual 0.045% charged on Hyperliquid’s main markets. Traders who hit the highest volume and staking levels can pay even less (as low as 0.00144%-0.00288%).

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