Odaily Planet Daily News, a decentralized derivatives trading platform Hyperliquid, announced on the X platform that it has deployed the HIP-1 permissionless Spot Token on the mainnet. HIP-1 is a fungible token standard with a capped supply, supporting on-chain spot order book trading between HIP-1 tokens. Deployers need to bid Gas fees through a Dutch auction, which lasts for 31 hours. The project strongly recommends deployers to try it out on the testnet first to avoid any issues on the mainnet.