Hyper Foundation has officially launched HyperEVM on the mainnet, expanding the capabilities of the Hyperliquid blockchain. The launch introduces new features for developers and users, enabling seamless interaction with decentralized finance (DeFi) applications.
What Is HyperEVM?
HyperEVM is a general-purpose Ethereum Virtual Machine (EVM) integrated directly into Hyperliquid’s Layer 1 blockchain. Unlike traditional EVM-compatible chains that operate separately, HyperEVM functions within the HyperBFT consensus framework.
This design allows for direct communication between the EVM and core blockchain components, including spot and perpetual order books. As a result, transactions are more efficient and secure.
Key Features and Benefits
With the launch, HyperEVM transactions now use HYPE, the native gas token. The initial mainnet release also enables spot transfers between the native HYPE token and its HyperEVM counterpart. In addition, a WHYPE system contract has been deployed, providing infrastructure for decentralized applications within the ecosystem.
To further support development, HyperEVM operates under chain ID 999, which is relevant for API and wallet users. While Hyperliquid hosts a JSON-RPC server for the mainnet, developers and node operators are encouraged to run their own servers to enhance network decentralization.
Bug Bounty Program and Developer Support
Alongside the mainnet launch, Hyper Foundation has introduced a Bug Bounty Program. Developers who identify vulnerabilities within the mainnet can earn rewards based on the severity of their reports. While analytics and tooling for HyperEVM are still being refined, a team of developers is actively working to improve these aspects.
Additionally, Hyper Foundation is streaming raw HyperEVM block data in real-time, making it easier for developers to access information without running a node.
Future Enhancements
Hyper Foundation plans to introduce additional upgrades in the future, including native ERC-20 transfers and precompiles. These features are currently undergoing testing on the testnet, with a phased rollout planned to ensure minimal disruption to Layer 1 users.
Importantly, HyperEVM remains fully integrated with the Layer 1 state, allowing users to benefit from low-latency trading without compromising on functionality.