The Future of Hyperliquid: HIP-3 and HyperStone

Analyzing how Hyperliquid transitions from a centralized exchange to a decentralized ecosystem platform through HIP-3 and the HyperStone Oracle Machine. (Background: Interpretation of ERC-8021 proposal: Does it allow Ethereum developers to replicate the wealth creation myth of Hyperliquid?) (Supplementary background: The 100% win rate Whale myth comes to an end, let's see how Hyperliquid's leveraged whales empty their own pockets?) The future of Hyperliquid lies in HIP-3, and the foundation of HIP-3 is HyperStone. 1⃣ Hyperliquid is building a complete ecosystem Hyperliquid is not just creating an on-chain Futures Trading exchange, but is building an ecosystem, where the ceiling is high enough. Right now, the RWA wave is surging, US debt on-chain, US stocks on-chain, everything can be on-chain. However, Hyperliquid cannot handle all these markets alone, so it must leverage the power of the ecosystem. On October 13, 2025, the HIP-3 Mainnet goes live, achieving complete decentralization of perpetual contract listings. From that day on, Hyperliquid is no longer an approval-based exchange, but an open platform where anyone can launch a market by staking 1 million HYPE. In simple terms, Hyperliquid has opened the token listing rights to the community. 2⃣ Core issue: Accuracy of price data At this time, when everyone wants to put various assets on-chain, what is a core issue they encounter? It is actually price. Unlike the native market of Hyperliquid, which relies on validators' consensus pricing, the HIP-3 market completely relies on external Oracle Machines to provide price data. This places extremely high demands on data accuracy and timeliness. Therefore, the Oracle Machine is the most critical infrastructure. 3⃣ Importance of RedStone and HyperStone This brings us to the core player in this field: RedStone. RedStone occupied 99.5% of the Oracle Machine market share since the launch of HyperEVM and serves as the official price feed provider for Hyperliquid's native stablecoin USDH. Based on this, RedStone has developed HyperStone, optimizing its modular Oracle Machine architecture into a dedicated solution for HIP-3. This is the first Oracle Machine specifically designed for HIP-3. HyperStone can help builders launch perpetual contracts on almost any asset, from cryptocurrencies to tokenized stocks (like TSLA), real-world assets (RWA), and even economic indicators. For example, if you want to create a perpetual contract for Tesla stock, HyperStone will tell you every 3 milliseconds: How much is Tesla's stock currently on the US market? It can be said that without HyperStone, HIP-3 would be a deserted city. 4⃣ The true moat of Hyperliquid Where is Hyperliquid's moat? It is not in trading volume, nor in transaction fees, but in those who can build markets, and the accuracy and speed of price feeding. Hyperliquid is transitioning from a centralized team-driven approach to a decentralized trading network. And every heartbeat of this network comes from HyperStone's 3-millisecond pulse. This is why it is said that the future of Hyperliquid lies in HIP-3, and the foundation of HIP-3 is HyperStone. For a specific analysis of the @redstone_defi project, check out the mind map. Related reports: Brother Maji: The best practice after liquidation is to swim naked; Hyperliquid account losses of 13 million USD are not painful at all? Making 5 million USD in half a year, how did we build an arbitrage “printing machine” on Hyperliquid? Staking 500,000 HYPE can open an exchange? What is Hyperliquid's HIP-3? This article titled “The Future of Hyperliquid: HIP-3 and HyperStone” was first published in BlockTempo, the most influential blockchain news media.