Hyperliquid Launches HyperCore and HyperEVM on Mainnet to Bridge DeFi and CEX Functionality

Hyperliquid has officially launched the integration between HyperCore and HyperEVM on its mainnet, enabling seamless permissionless order book listings for developers. This strategic rollout aims to simplify the lifecycle of DeFi projects, offering a streamlined process that spans from smart contract deployment to active on-chain trading. By connecting these technologies, Hyperliquid seeks to empower builders and enhance the efficiency of decentralized finance ecosystems.

Hyperliquid announced the launch of its mainnet integration between HyperCore and HyperEVM, aiming to merge decentralized and centralized exchange features for an enhanced DeFi development experience. HyperCore, the foundation of Hyperliquid’s layer-1 network, powers its high-performance trading ecosystem, while HyperEVM, introduced in February, serves as a general-purpose environment. This allows developers to create EVM-compatible decentralized applications (dapps) based on the HyperCore system.

Previously, these two components functioned separately, but with the new integration, developers can now transfer assets, such as Hyperliquid’s native token, HYPE, between the two systems. Once connected, developers can utilize a “spotSend action” or the frontend interface to convert tokens across HyperCore and HyperEVM, or use the ERC-20 transfer feature available on the EVM side.

The Hyperliquid team recommended that users first test the linking and asset conversion on the testnet before proceeding with the mainnet. They emphasized the importance of thorough testing, as the linking process is irreversible.

In a GitHub update on March 25, the team noted that the system address, with the first byte set to 0x20 and the rest as zeros, might not have a sufficient supply. They also mentioned the absence of a verification system for ERC-20 recipient contracts, urging developers to check the implementation of linked contracts, as these might contain arbitrary bytecode.

Hyperliquid’s perpetual decentralized exchange (DEX), which gained significant attention in 2023, launched the HYPE token airdrop, valued at $1.2 billion in November. However, the token’s price has since fallen approximately 53% from its all-time high of $34.96 in December 2024, according to data from The Block’s price page.

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