Hyperliquid Launches HyperEVM to Enhance Ecosystem Programmability

The Hyper Foundation has launched the Hyperliquid EVM (HyperEVM), enhancing its DeFi protocol. This upgrade aims to provide full programmability within the Hyperliquid ecosystem.

• HyperEVM integrates Ethereum Virtual Machine into its Layer 1 blockchain, allowing Ethereum-compatible smart contracts with improved performance.
• The initial mainnet release maintains security through HyperBFT consensus.
• Spot transfers are now enabled between native and HyperEVM HYPE tokens, with HYPE serving as the gas token for transactions.
• Hyperliquid previously introduced staking for HYPE and conducted an airdrop of 310 million HYPE tokens, representing 31% of total supply.
• A bug bounty program has been launched to reward reports on mainnet issues.
• The foundation is collecting feedback on ERC-20 native transfers and precompiles for future updates.
• In January, trading volume reached $197.88 billion for perpetual swaps, exceeding competitors significantly.
• Current HYPE price is $23.99, down 7.04% in the last 24 hours, with a market cap of $8.29 billion, ranking 20th among cryptocurrencies.