The Future of Hyperliquid: HIP-3 and HyperStone

Written by: Yue Xiaoyu

The future of Hyperliquid is in HIP-3, and the foundation of HIP-3 is in HyperStone.

1️⃣ Hyperliquid is not just building an on-chain contract exchange, but is constructing an ecosystem, and this has a high enough ceiling.

The current RWA wave is surging, with US bonds on-chain, US stocks on-chain, and everything can be put on-chain.

However, these markets cannot be handled or absorbed by Hyperliquid alone, so it must definitely leverage the power of the ecosystem.

On October 13, 2025, the HIP-3 mainnet went live, achieving complete decentralization of perpetual contract listings.

From that day on, Hyperliquid is no longer a permissioned exchange, but has become an open platform where anyone can launch a market by staking 1 million HYPE.

In simple terms, Hyperliquid has opened up the token listing rights to the community.

2️⃣ At this time, when everyone wants to put various assets on the blockchain, what is the core problem encountered?

It's actually the price.

Unlike the native market of Hyperliquid, which relies on validator consensus pricing, the HIP-3 market completely depends on external oracles for price data.

This places extremely high demands on data accuracy and real-time performance.

Therefore, oracles are the most critical infrastructure.

3️⃣ This definitely requires attention to the core player in this track: RedStone.

RedStone has occupied 99.5% of the oracle 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 also developed HyperStone, optimizing its modular oracle architecture into a HIP-3 dedicated solution.

This is the first oracle designed specifically 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 tells you every 3 milliseconds: How much is Tesla stock worth in the US market right now.

It can be said that without HyperStone, HIP-3 is just an empty city.

4️⃣ Where is Hyperliquid's moat?

It's not about trading volume, not about transaction fees, but about the people who can build the market and the accuracy and speed of price feeding.

Hyperliquid is transitioning from a centralized team-driven model 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 in HyperStone.

A detailed analysis of the @redstone_defi project can be viewed in the mind map ⬆️