Hyperliquid Integrates HyperCore and HyperEVM for Easier Token Transfers
The decentralized finance (DeFi) sector is crucial for value accrual in crypto projects, yet its complexity can confuse users. A technical update from Hyperliquid simplifies this by allowing direct linking of tokens between its HyperCore platform and HyperEVM network.
- HyperCore facilitates spot trading of tokens.
- HyperEVM executes smart contracts on Ethereum.
- Tokens on HyperCore (“Core spot”) can be linked to HyperEVM counterparts (“EVM spot”).
- Linking requires a “spot deployer” to ensure token supply matches on both platforms.
- A “finalize” action locks the link, enabling transfers without third-party intermediaries.
- This allows access to Ethereum’s DeFi ecosystem while remaining within Hyperliquid.
Current challenges include moving tokens across different ecosystems, such as between Ethereum and Solana, which typically require bridges that pose security risks. Hyperliquid's solution reduces friction by enabling seamless token transfers without intermediaries. However, there are still risks associated with unverified contracts and supply mismatches as noted in their technical documents.