HyperliquidX Team Says Next Network Upgrade Will Add Priority Fees to Perpetual Futures

According to the team announcement, the upgrade will also let agents move funds between decentralized exchanges for the same user and expand HIP-3 backstop liquidator withdrawal support.

Summary

HyperliquidX said its next network upgrade will activate order priority fees for all perpetual futures (crypto derivatives without expiry), a change that can influence how orders are sequenced and executed during trading. The team also said agents will be able to transfer funds between decentralized exchanges (blockchain-based trading platforms) for the same user, which could streamline account and liquidity management across venues. In addition, the HIP-3 backstop liquidator (system that helps absorb distressed positions) will support withdrawing principal amounts, extending functionality tied to liquidation management.

Terms & Concepts
  • Perpetual futures: Crypto derivatives contracts with no expiration date, typically using funding payments to keep prices close to spot markets.
  • Decentralized exchange: A blockchain-based trading platform where users trade directly from on-chain systems rather than through a centralized intermediary.
  • Liquidator: A mechanism or participant that closes undercollateralized positions to help keep a trading system solvent.