Weekly update

Product & Tech
+ Testnet-only, but eligible for mainnet bug bounty program: HIP-3 deployers can set the margin mode of perps to either noCross or strictIsolated. Both margin modes only allow isolated margin, but strictIsolated also does not allow removing margin from open positions (previously "isolated only" mode). HIP-3 deployers can also set a fee scale, which can be larger or smaller than the default. See https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/hip-3-deployer-actions for details.
+ Misc UI improvements to app.hyperliquid.xyz, e.g., improve onboarding for non-USDC perps, show market cap in the token selector for more spot assets, etc.

Trading
+ Felix deployed their HIP-3 perp dex with USDH perps
+ Ventuals deployed their HIP-3 perp dex with USDH perps
+ ICP and AERO perps were listed
+ CC hyperp was converted to a regular perp
+ Max leverage was reduced for various assets; see post above for more details

New Teams on the HyperEVM & HyperCore (in no particular order)
+ Ledger wallet supports HyperCore and the HyperEVM: https://x.com/Ledger/status/1987913372185080166
+ Hypedexer offers live HyperCore indexing with historical trade data: https://x.com/hypedexer/status/1986731491725119610
+ Zerion supports HyperEVM NFTs: https://x.com/zerion/status/1989323904058524096

Community Highlights
+ ASXN released a comprehensive dashboard at https://hyperscreener.asxn.xyz/home: https://x.com/asxn_r/status/1988703570997440978. stats.hyperliquid.xyz will begin redirecting to this dashboard in approximately 1 week