Hyperliquid Testnet Launches 'Stars' Feature, Supporting HIP-3 DEX Address Whitelisting Transactions

BlockBeats News, July 27th, the Hyperliquid testnet recently introduced a new feature named "stars." This feature brings an optional transaction whitelist mechanism to the HIP-3 DEX, allowing deployers to restrict opening positions or increasing positions to only whitelisted addresses. Currently, the testnet whitelist has a maximum limit of 10,000 addresses. Unauthorized addresses can still deposit into accounts and submit only reduce-only orders to close positions or decrease existing positions.

Community analysis believes that this feature is expected to expand the application scenarios of the HIP-3 DEX. For example, tokenized stocks, real-world assets (RWA), institutional indices, and other regulated products can leverage the address whitelist to restrict trading to users who have completed identity verification (KYC) or meet admission requirements. Additionally, new markets can first open testing to market makers, partners, or community members to reduce the initial market's risk of encountering wash trading, front-running, or malicious manipulation. The design allowing non-whitelisted users to continue reducing positions also prevents users from being unable to exit their positions due to permission restrictions.

Furthermore, the "stars" feature does not alter Hyperliquid's underlying permissionless nature but adds an optional access control feature on top of it. Developers can enable or disable it as needed. This means that scenarios such as DAOs, trading clubs, private funds, or partner-exclusive markets can build closed trading markets with admission mechanisms while maintaining the advantages of the Hyperliquid matching engine and settlement layer. Currently in the testnet stage, the official team has not yet announced its specific use cases, and further confirmation of future application scenarios awaits the mainnet launch and more developer documentation.