The future of Hyperliquid lies in HIP-3, and the foundation of HIP-3 is HyperStone.
Written by: Yue Xiaoyu
The future of Hyperliquid lies in HIP-3, and the foundation of HIP-3 is HyperStone.
1️⃣ Hyperliquid is not just building an on-chain contract exchange; it is constructing an ecosystem, and this endeavor has a high ceiling.
Currently, the RWA (Real World Asset) trend is surging, with US Treasury bonds and US stocks being brought on-chain; everything can be tokenized.
However, Hyperliquid cannot handle these markets alone, so it will definitely leverage the power of the ecosystem.
On October 13, 2025, the HIP-3 mainnet went live, achieving complete decentralization for perpetual contract listings.
From that day on, Hyperliquid is no longer a permissioned exchange but has transformed into an open platform where anyone can launch a market by staking 1 million HYPE.
In simple terms, Hyperliquid has opened the right to list tokens to the community.
2️⃣ At this point, when everyone wants to put various assets on-chain, what is a core issue encountered?
It is 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 timeliness.
Therefore, oracles are the most critical infrastructure.
3️⃣ This brings attention to the core player in this field: RedStone.
RedStone has dominated 99.5% of the oracle market 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 architecture into a solution specifically for HIP-3.
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 will tell you every 3 milliseconds: the current price of Tesla on the US stock market.
It can be said that without HyperStone, HIP-3 would be a deserted city.
4️⃣ Where is Hyperliquid's moat?
It is not trading volume, nor transaction fees, but the ability to build markets and the accuracy and speed of price feeds.
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 HyperStone.
For a detailed analysis of the @redstone_defi project, please refer to the mind map ⬆️.
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