Kaiko expands its oracle infrastructure to HIP-3 markets on Hyperliquid’s HyperEVM, a protocol upgrade enabling highly reliable and efficient permissionless perpetual futures trading. The deployment marks our entry into one of crypto’s fastest-growing ecosystems, expanding our oracle footprint further into high-performance decentralized exchanges, and complementing our existing work on Arbitrum and Canton.
oracles key role on hip-3 perpetual markets
HIP-3 has transformed Hyperliquid into an open marketplace where anyone can deploy custom perpetual futures markets leveraging the dual HyperCore and HyperEVM architecture. In this ecosystem, market deployers stake collateral, control market parameters, and earn trading fees. Unlike Hyperliquid’s native validator-secured markets, HIP-3 requires deployers to appoint external oracles for dual spot and mark pricing.
With data quality at the centre of market integrity, operators have the ability to use robust, around-the-clock, manipulation resistance pricing. As such, HIP-3 imposes a common framework for all oracles to obey with integrated fallback rules common to all markets.
The upgrade creates demand for institutional-grade oracle infrastructure capable of handling diverse asset classes at high frequency, but most importantly, makes the deployer accountable for the oracle they appoint as a provider for the market they create. This new paradigm fits particularly well with Kaiko’s on-chain distribution approach: proprietary, high quality, whitebox feeds enabling permissionless market structure.
Expanding kaiko’s on-chain distribution
The HIP-3 deployment represents Kaiko’s latest addition to a comprehensive on-chain pricing infrastructure, after Arbitrum (EVM environment) and Canton Network.
With the integration of Hyperliquid following the HIP-3 upgrade, Kaiko extends its proprietary on-chain infrastructure to a third high-performance environment, alongside Arbitrum and Canton. This deployment leverages Kaiko’s unique end-to-end architecture, where the same institutional-grade data, as well as indices supporting CFTC and MiFID-regulated perpetual futures are bridged directly to the blockchain.
By retaining full control of the distribution pipeline, Kaiko treats Hyperliquid not merely as a destination, but as a distinct target channel with unique throughput and block-clock specifications. This allows us to technically curate distribution of the feeds for strict ‘just-in-time’ data delivery, unlocking the critical precision needed to mitigate toxic arbitrage and MEV exposure caused by premature updates. This also eliminates market dislocations caused by latency, ultimately ensuring optimal data timeliness for the protocol.
This deployment cements Kaiko as the foundational infrastructure for the next generation of DeFi protocols and perpetual markets. Since the pivotal shift on October 10th, we have witnessed permissionless DeFi platforms increasingly demand the same standards of robustness as their regulated CeFi counterparts. Kaiko is proud to facilitate this convergence, driving the ecosystem toward greater market integrity and safety by bridging the gap between open-source innovation and institutional-grade reliability.
What this enables
Protocol developers building on HIP-3 can now access Kaiko’s oracle infrastructure without constructing pricing systems from scratch. As a result, market operators get manipulation-free feeds validated on institutional standards, and traders get confidence that liquidations trigger fairly based on accurate marks.This expansion signals our commitment to powering permissionless applications wherever they emerge, as rapid innovation and the “perpification” of everything drive the space forward. More to come soon!
