Hyperliquid News Today: Hyperliquid's BLP and HIP-3 Indicate a Fundamental Change in DeFi Structure

Hyperliquid, a decentralized exchange (DEX) known for its high throughput and built on its own Layer 1 blockchain, is reportedly piloting a native lending platform called BLP (BorrowLendingProtocol) on the Hypercore testnet. According to analyst MLM, this experimental feature enables users to borrow, lend, and withdraw assets, initially supporting

and PURR tokens, as detailed in a . While specifics are still unverified, the protocol is believed to introduce a secure lending layer that could support multiple collateral types. This move is part of a broader strategy to extend Hyperliquid’s capabilities from derivatives trading to core DeFi services.

The platform’s ecosystem is also advancing rapidly with HIP-3, a proposal that turns Hyperliquid into a permissionless protocol for launching new markets. Under HIP-3, any user can create perpetual markets by staking HYPE, the platform’s native token, according to a

. This update shifts market creation away from centralized control, introducing slashing penalties for faulty or malicious markets to maintain system security. HIP-3 also strengthens HYPE’s role in staking, governance, and revenue sharing, creating a feedback loop that could boost both token demand and network expansion.

RedStone’s HyperStone

is a key component of HIP-3, delivering fast price feeds crucial for stable derivatives trading. During testnet runs, HyperStone handled more than 103 million data updates across major markets, achieving nearly instant finality, as noted by FinanceFeeds. This integration ensures HIP-3 markets rely on reliable, real-time data, minimizing the risk of manipulation or mass liquidations. The collaboration is mutually beneficial: Hyperliquid gains a robust oracle solution, while increases its presence in the expanding DeFi sector.

These changes have major implications for token economics. HIP-3’s staking requirements reduce HYPE’s circulating supply, which could drive scarcity and price growth. Market creators earn a share of trading fees, aligning their interests with platform expansion, while RedStone’s

token stands to gain from greater oracle demand as HIP-3 markets multiply, according to FinanceFeeds. Some analysts estimate HYPE could reach $50–$200 depending on adoption, while RED’s value will depend on its share of the oracle market and cross-chain adoption. Nonetheless, challenges such as governance risks, technical setbacks, or regulatory hurdles persist.

The BLP and HIP-3 projects underscore Hyperliquid’s goal to reshape decentralized derivatives. While BLP’s lending protocol is still in its early stages, HIP-3’s open market model and RedStone’s oracle integration mark a significant evolution in DeFi infrastructure. The next few months will reveal whether these advancements can drive sustained growth or encounter obstacles from operational risks and increased competition.