Learn HIP-3
GuidesGuides, HIP-3 DEX explainers, tutorials, and comparison notes for HIP-3.
Guides
- Guide#hyperliquid#L1#HyperBFT
What is Hyperliquid?
A comprehensive guide to Hyperliquid — the purpose-built L1 blockchain powering the largest onchain derivatives exchange. Learn about HyperBFT, HyperEVM, the HIP standard system, and why Hyperliquid is reshaping onchain trading.
Mar 25, 2026 - Guide#perpetuals#trading#basics
What Are Perpetual Futures?
A clear introduction to perpetual futures contracts — how leverage, funding rates, and margin work, why perps dominate crypto derivatives, and how onchain perpetuals compare to centralized exchanges.
Jan 10, 2025 - Guide#hip-3#hyperliquid#dexs
What is HIP-3?
A complete guide to HIP-3 — Hyperliquid's permissionless perpetual futures deployment system. Learn how deployers and HIP-3 DEXes work, what collateral types mean, and how to navigate the DEX ecosystem.
Jan 15, 2025 - Guide#fees#funding#margin
Understanding HIP-3 Fees, Funding & Margin
A practical guide to trading costs on HIP-3 — how fees are calculated, what Growth Mode and aligned quote discounts mean, how funding rates work, and how to choose the right margin and collateral setup.
Jan 25, 2025 - Guide#usdh#stablecoin#collateral
Understanding USDH
What USDH is, how it became Hyperliquid's native stablecoin, why it matters for HIP-3 traders, and how the USDH ecosystem connects HIP-3 DEXes, staking, and fee incentives.
Dec 15, 2025 - Guide#growth-mode#fees#hip-3
Growth Mode Explained — How HIP-3 Cuts Fees by 90%
A technical breakdown of Growth Mode on HIP-3 — the fee reduction mechanism that makes trading stocks, indices, and forex perpetuals nearly free. Learn the exact formula, which assets qualify, and how Growth Mode stacks with other discounts.
Feb 5, 2025
DEX Deep Dives
- DEX#dexs#comparison#hip-3
HIP-3 DEX Guide
A deep dive into all six HIP-3 DEXes on Hyperliquid — Trade XYZ, HyENA, Kinetiq Markets, Dreamcash, Ventuals, and Felix Exchange. Compare collateral, assets, fees, and find the right venue for your trading style.
Jan 20, 2025 - DEX#usdh#kinetiq#ventuals
USDH DEX Deep Dive
A closer look at the three HIP-3 DEXes that use USDH as collateral — Kinetiq Markets, Ventuals, and Felix Exchange. How they differ, what each one offers, and how to choose the right venue for your USDH.
Mar 29, 2026