James Richardson
Hyperliquid has officially linked HyperCore and HyperEVM on its mainnet, aiming to streamline the DeFi development experience by merging features of centralized and decentralized exchanges (CEX & DEX), according to a Tuesday announcement.
HyperCore serves as the foundational layer of Hyperliquidโs Layer-1 blockchain and high-speed trading ecosystem, while HyperEVM, launched in February, operates as a general-purpose Ethereum Virtual Machine (EVM) environment for building EVM-compatible decentralized applications (dApps) on the HyperCore framework.
Previously, these two components functioned separately. With this integration, developers can now transfer HyperCore-based spot assets, including Hyperliquidโs native token, HYPE, between both systems. The protocol enables cross-system conversions via a “spotSend action” or through its user-friendly frontend interface. Additionally, the ERC-20 token transfer feature is now accessible on the EVM side.
Testing Before Deployment Is Strongly Advised
Hyperliquidโs team has urged developers to test the new linking functionality on the testnet before executing transfers on the mainnet, emphasizing that once linked, the process is irreversible.
A GitHub document shared on March 25 also flagged potential concerns, including insufficient supply in the system addressโan address starting with 0x20 followed by zeros. Additionally, the platform has yet to implement a verification mechanism for ERC-20 recipient contracts, meaning developers must manually confirm contract validity before use.
Hyperliquidโs Rapid Growth and HYPE Token Performance
Hyperliquidโs perpetual DEX was among the standout DeFi projects of 2024, gaining significant traction as crypto sentiment improved. The platform, initially launched in 2023, conducted a $1.2 billion HYPE token airdrop last November. However, HYPE currently trades 53% below its all-time high of $34.96, recorded in December 2024, according to PRIMEโs price data.
With this latest integration, Hyperliquid is positioning itself as a more robust infrastructure for developers looking to leverage both high-speed trading and EVM-based dApp development.
