Kraken may be testing a compliant HIP-3 DEX on Hyperliquid

A Hyperliquid testnet deployer using Kraken’s name has whitelisted 10 wallets and tested three compliance controls, raising the possibility that the centralized exchange has been experimenting with a permissioned HIP-3 market. Summary 10 wallets have been approved to use the test deployment through a gating system. Three of the five observed controls have been tested, including forced position reductions and collateral transfers. Kraken has not confirmed that it owns or operates the testnet deployment. HIP-3 lets outside builders run perpetual markets through Hyperliquid’s trading infrastructure. Blockworks analyst Shaunda Devens reported on Aug. 22 that a deployer called “Kraken HIP-3 test DEX” had activated a permission system known as Star gating on Hyperliquid’s testnet on Aug. 19. Will Kraken Be the First Compliant HIP-3 Deployer?In line with the regulatory approach we just laid out, Hyperliquid keeps adding testnet functions that would enable compliant use. In addition to whitelisting, new observed features would allow a deployer to cancel a user's… https://t.co/FJJIfxpzBx pic.twitter.com/sCteKU89rP— shaunda devens (@shaundadevens) August 21, 2026 The deployment has added 10 ...