The Hyper Foundation has announced the launch of HyperEVM, the Ethereum Virtual Machine, which is a core component of the Hyperliquid layer-one network architecture.
HyperEVM is designed to make it as easy as possible to integrate Ethereum EVM-compatible smart contracts into the Hyperliquid ecosystem. The solution allows you to share state and consensus with the first-layer network powered by the HyperBFT mechanism, instead of launching compatible sidechains.
The fact that HyperEVM is part of the Hyperliquid L1 architecture allows it to directly interact with other ecosystem components, such as order books. The new solution is also designed to simplify the development of dApps, the project team said.
The native token of HyperEVM will be HYPE. This gas token is interchangeable with HYPE at the first level.
This is possible because HyperEVM blocks are built as part of the L1 execution layer, ensuring seamless interaction between the EVM and Hyperliquid’s own network components.