Hyperliquid founder: The HIP-3 market is popular because it makes finance more accessible.

BlockBeats news, October 7 — Hyperliquid founder Jeff Yan said during a conversation at TOKEN2049 week in Singapore that the HIP-3 market was warmly received as soon as it launched, reflecting that the relevant market has already shown clear product-market fit. Users are willing to migrate from existing financial products and try new on-chain markets, indicating that a significant product supply gap previously existed and also reflecting users' trust in the execution capabilities of the relevant deployers.

Speaking about the development of HIP-3, Jeff said that one of the most exciting changes over the past year is that more and more markets are allowing users to participate in trading opportunities they could not access before. The conversation mentioned that perpetual contracts for real-world assets such as crude oil and pre-IPO assets have become an important application direction for HIP-3. Jeff pointed out that in the traditional financial system, some assets are often accessible in the early stage to only a few people, and by the time they open to the public, the main growth phase may already have been captured by the few with access advantages. He believes that the financial system should be opened to as broad a range of users as possible.

Jeff also said that Hyperliquid would rather become an open protocol and infrastructure called upon by different financial products and applications than compete directly with front-end platforms. Builder Codes allow developers to build products such as mobile applications and institutional-grade trading terminals without having to build underlying systems such as matching and clearing themselves, and to connect directly to Hyperliquid's market and liquidity. He said, "No one is competing with the internet," and Hyperliquid is likewise more like a layer of infrastructure that can be adopted by different companies.