Hyperliquid has officially launched its Ethereum Virtual Machine (EVM), known as HyperEVM, on its mainnet.
Hyperliquid has officially launched its Ethereum Virtual Machine (EVM), known as HyperEVM, on its mainnet. This new addition aims to enhance programmability within the Hyperliquid ecosystem, allowing developers to execute Ethereum-compatible smart contracts with improved performance.
The initial rollout of HyperEVM includes support for spot transfers between native HYPE and HyperEVM-based HYPE, establishing HYPE as the native gas token for the platform.
The Hyper Foundation has stated that general ERC-20 native transfers and precompiles will be introduced in a future upgrade, as the team continues to gather feedback from testnet users.
The HyperEVM is designed to operate on Hyperliquid’s layer-1 blockchain, inheriting security from the HyperBFT consensus mechanism. This integration is seen as a significant step toward the foundation's goal of creating a comprehensive finance ecosystem.
In conjunction with the launch, the Hyper Foundation has implemented a bug bounty program to reward individuals who report critical bugs that could lead to outages or logical errors in the network.
The project emphasizes that while tooling and analytics for the mainnet may not be fully refined at this stage, raw HyperEVM block data is being streamed in real-time to Amazon S3, allowing for easier access without requiring node operation.
As of the latest reports, HYPE has experienced a slight increase of 0.8% in the past 24 hours, trading at $26.1, with a market capitalization of approximately $8.8 billion. In January, the platform's perpetual swap trading volume reached $197.88 billion, significantly outperforming competitors like Jupiter and Synfutures.
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