EddieJayonCrypto
18 Feb 25
The Hyper Foundation has launched HyperEVM, integrating general-purpose programmability into its financial system with initial mainnet release, including HyperEVM blocks built as part of Layer 1 execution. This allows spot transfers between native spot HYPE and HyperEVM HYPE, with HYPE serving as th...
The Hyper Foundation has announced the launch of HyperEVM, integrating general-purpose programmability into its financial system. The mainnet release includes spot transfers, WHYPE system contract, and future network upgrades. Hyperliquid's native token airdrop and native staking have contributed to significant growth. Additionally, there are sponsored offers from Binance and Bybit. The Hyper Foundation, the entity behind Hyperliquid, has launched HyperEVM, a significant step toward integrating general-purpose programmability into its financial system. The initial mainnet release includes HyperEVM blocks built as part of Layer 1 execution, allowing spot transfers between native spot HYPE and HyperEVM HYPE, with HYPE serving as the native gas token.
Furthermore, a canonical WHYPE system contract has been deployed to support DeFi applications on the platform. The mainnet launch of HyperEVM features tooling and analytics that may not be polished initially, with the foundation ensuring that experienced builders are working to improve these areas. A future network upgrade will enable general ERC20 native transfers and precompiles. The community can provide feedback on these features during the testnet phase, with the mainnet rollout staggered to minimize disruption to current L1 users. Since the native token airdrop in late November 2024, Hyperliquid's native token, HYPE, has seen significant growth, with its value soaring from nearly $3.90 to approximately $26. Native staking on its mainnet and revenue and total value locked (TVL) figures further indicate Hyperliquid's growth.