HyperEVM is Hyperliquid\'s Ethereum-compatible execution layer — deploy Solidity smart contracts that directly compose with the world\'s most liquid on-chain order book.
HyperEVM is the smart contract execution layer of the Hyperliquid L1, launched on mainnet in February 2025. It runs EVM-compatible (Solidity) code on the same HyperBFT consensus as HyperCore — meaning smart contracts deployed on HyperEVM can directly read from and write to the Hyperliquid CLOB without cross-chain bridging or trust assumptions. This native composability between smart contracts and the order book is HyperEVM's key architectural advantage over alternatives like Arbitrum or Optimism, which are separate chains from any exchange infrastructure.
By early 2026, HyperEVM hosts: HyperLend (lending and borrowing), Felix (CDP stablecoin), USDT0 (Tether's canonical LayerZero-based USDT on Hyperliquid), Kinetiq (kHYPE liquid staking), and multiple yield vault protocols. The ecosystem is early but growing — developers build on HyperEVM because the existing Hyperliquid user base of 760,000+ traders provides immediate liquidity and demand.
70%+ of all decentralized perpetuals volume runs through Hyperliquid — here is why.
No KYC, no custodian. Connect a wallet and trade perpetuals on-chain in minutes.
HyperEVM uses HYPE as gas. Bridge or buy a small amount of HYPE to cover transaction costs on HyperEVM.
Use the Hyperliquid bridge to move USDC, USDT, or other assets from Ethereum to HyperEVM.
HyperEVM uses Ethereum RPC compatible — add the Hyperliquid network to MetaMask (chain ID and RPC available in Hyperliquid docs).
Deposit collateral, check borrow rates, and take out a USDT loan against your HYPE or other assets at HyperLend.
Developers: use Hardhat or Foundry with the HyperEVM RPC endpoint. Smart contracts work identically to Ethereum with precompile additions for CLOB interaction.
70%+ of decentralized perpetuals volume. $21.8B in 24H. 0.2-second finality. No KYC. No custodian risk.
Open Hyperliquid →No account required · No KYC · No withdrawal limits · Self-custody
"HyperEVM is the most interesting EVM development environment for financial applications. The ability to execute a hedge on the CLOB directly from a Solidity contract changes what is architecturally possible for DeFi apps. Worth building on even at this early stage."
"HyperLend is well-designed and the rates are competitive. The USDT0 standard working smoothly means you can move in and out without bridge friction. Ecosystem is early but the foundations are solid."
"Kinetiq kHYPE is elegant — stake HYPE, receive kHYPE that earns staking rewards, use kHYPE as collateral in HyperLend. This type of composability is exactly what HyperEVM was built to enable."
No VC funding. 31% of HYPE airdropped to users. On-chain order book. 760,000+ traders.
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