hyperliquid's HIP-3 deployers stake 500k HYPE to launch a perpetual market and earn 50% of all trading fees it generates forever. $154b has flowed through these permissionless markets. anonymous addresses running commodity and equity derivatives businesses by picking the right oracle and funding rate parameters. 50% of platform volume is now non-crypto. oil, gold, TSLA, S&P 500 perps trading 24/7 settled in under a second. the tokenomic game here is deployers competing to identify which real world asset gen ...