Bankless · Tuesday, July 7, 2026
Tushar Jain discussed HIP3 (permissionless markets) as a key development that allows Hyperliquid to shift from being a first-party exchange to a platform or backend for other services. This move towards 'platformization' suggests Hyperliquid could power liquidity for other entities, including potentially even traditional brokerages.
“There's HIP3 permissionless markets. I kind of view HIP3 as the platformization of hyperliquid, hyperliquid turning into hyperlifid. rather than a first-party exchange, but just more of just a platform, a back-end, as you kind of alluded to.”