Wormhole now supports HyperEVM, the EVM-compatible component of the Hyperliquid blockchain. As an interoperability provider for HyperEVM, Wormhole enables seamless asset transfers across blockchain networks while providing access to Hyperliquid's performant onchain financial infrastructure.
What is Hyperliquid and HyperEVM?
HyperEVM is the EVM-compatible smart contract platform within Hyperliquid, a performant L1 blockchain. Hyperliquid features HyperCore, which powers fully onchain perpetual futures and spot order books supporting 200k orders per second with billions in daily volume.
Unlike a separate chain, HyperEVM is secured by the same HyperBFT consensus as HyperCore, allowing direct integration with these performant order books. This unified architecture makes the performant liquidity and financial primitives of HyperCore available as permissionless building blocks for smart contract developers.
How Does HyperEVM Work?
HyperEVM operates as an EVM-compatible smart contract platform that maintains direct integration with Hyperliquid's financial infrastructure. Key components include:
- Standard EVM Tooling: Developers can deploy ERC-20 contracts using standard EVM tooling while accessing unique financial primitives. Projects can deploy corresponding spot assets permissionlessly in HyperCore, with tokens usable across both environments without bridging risk.
- Direct Price Feeds: Smart contracts can read prices directly from HyperCore order books using read precompiles. For Solidity developers, this is as simple as calling a built-in function to access real-time market data.
- Native Order Execution: Smart contracts can send orders directly to HyperCore order books using write system contracts. This allows protocols to implement features like protocolized liquidations similar to how perpetuals function on HyperCore.
- Unified Liquidity Access: HyperEVM abstracts the deep liquidity on HyperCore as building blocks for arbitrary user applications, enabling developers to build on mature, liquid, and performant onchain order books.
Benefits of HyperEVM
HyperEVM offers several unique advantages for builders and developers:
- Mature Liquid Infrastructure: Builders can plug into performant onchain order books with billions of dollars in volume, providing access to deep liquidity as a foundation for applications.
- Permissionless Asset Deployment: Projects can deploy ERC-20 contracts on HyperEVM and corresponding spot assets in HyperCore permissionlessly.
- Native Financial Primitives: The performant liquidity and financial primitives of HyperCore are available as permissionless building blocks for all users and builders through the HyperEVM.
- Engaged User Base: Hyperliquid has a captive audience of users at the forefront of financial change who are excited to try new applications and conduct finance onchain.
How to Transfer Assets to or From Hyperliquid’s HyperEVM
Users can transfer assets between HyperEVM and any of Wormhole’s 40+ connected blockchains via Wormhole Portal:
- Head to Wormhole Portal
- Connect your Wallet
- Select HyperEVM as either the Source or Target chain for your transaction
- Complete the transfer process
How to Connect Your App to HyperEVM
If you are a developer wanting to enable token transfers to and from HyperEVM, you can achieve this with just three lines of code via Wormhole Connect. Connect allows developers to integrate wrapped and native token transfers directly into their application UIs, enabling seamless transfers across Wormhole’s 40+ connected blockchains, not just HyperEVM, secured by the Wormhole Guardians.
To start integrating Connect and enabling your application on HyperEVM, check out the NPM package to get started.
About Wormhole
Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 40 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.
The wider Wormhole network is trusted and used by teams like Circle and Uniswap. To date, the platform has facilitated the transfer of over 60 billion dollars through over 1 billion cross-chain messages. To learn more about Wormhole, follow on Twitter, join the Discord, or read more on the blog.