Hyperliquid Deploys HyperEVM on Mainnet, Integrates EVM into the Network

On February 18, 2025, the Hyper Foundation announced the launch of , described as "bringing general-purpose programmability" to the Hyperliquid network. HyperEVM is a component of the ecosystem, designed specifically to integrate the into the Hyperliquid Layer-1 blockchain. HyperEVM allows developers on Hyperliquid to run Ethereum-compatible smart contracts, with enhanced performance. The Hyper Foundation states: <"This is a major step toward the vision of housing all finance by bringing general-purpose programmability to Hyperliquid's performant financial system."> The initial mainnet release of HyperEVM includes: - HyperEVM blocks built as part of L1 execution, inheriting all the security properties from the HyperBFT consensus layer. - Conversion between native HYPE and HyperEVM HYPE. Note that HYPE is the native gas fee token on HyperEVM. - Deployment of the standardized WHYPE system contract for DeFi applications. Additionally, the project has opened a bug bounty program for the community to contribute and receive rewards. Specifically, bug reports on the mainnet that could cause service disruption or logic errors on nodes or APIs will be eligible for the bug bounty. Liquid Staking unlocking billions in capital >T1 CEX listings >HYPE as gas >Smart contracts >Leveraged staking loops >Leveraged HLP >dApps launching >Deeper liquidity >New Spot listings the infinite flywheel of a good product Hyperliquid pic.twitter.com/MLOzTx3P6L> Hyperliquid is the most prominent Derivative DEX currently. According to data from , Hyperliquid's perpetual contract trading volume in January reached $197.88 billion, significantly higher than $36.28 billion for and $16.21 billion for . HYPE has become a "dark horse" Airdrop in 2024, providing excellent returns for "Airdrop farmers". The HYPE price has maintained an impressive level since its listing and even continued to rise amid the market "turmoil". Therefore, Hyperliquid is being evaluated as one of the most promising and prospective projects in the industry. The HYPE price is currently trading around $25, down slightly 2% in the past 24 hours. <7-day HYPE price chart, screenshot from CoinGecko at 04:00 PM on 18/02/2025> *Compiled by Coin68*