Hyper Foundation has officially unveiled the HyperEVM mainnet, providing both users and developers with essential access.
In Brief
Hyper Foundation has made a notable announcement regarding the launch of the HyperEVM mainnet, which plays a crucial role in increasing financial programmability within the advanced ecosystem of Hyperliquid.
This organization is focused on promoting advancements in the Hyperliquid blockchain and the associated ecosystem. Hyper Foundation The official launch of HyperEVM on the mainnet has been communicated to the public.
Hyperliquid is a cutting-edge Layer 1 blockchain that has been meticulously crafted to support a fully on-chain and open financial system. The primary objective is to facilitate user-created applications to work effortlessly with powerful, built-in components while ensuring an exceptional user experience.
One of the standout features of Hyperliquid’s Layer 1 is its general-purpose Ethereum Virtual Machine (EVM), which is seamlessly integrated into the blockchain state. Unlike traditional separate EVM-compatible networks, HyperEVM functions within the same HyperBFT consensus structure as the rest of the Layer 1 environment. This design allows for direct interactions between the EVM and the native Layer 1 elements, such as order books for both spot and perpetual trading, guaranteeing secure and efficient transactions.
The introduction of HyperEVM signifies progress toward increasing financial programmability in Hyperliquid's high-performance framework. The initial mainnet launch integrates HyperEVM blocks directly into Layer 1 execution, taking advantage of HyperBFT's robust security architecture. Moreover, spot transfers between the native components and HyperEVM HYPE are now in place, with HYPE designated as the native gas token for transactions within HyperEVM. HYPE token To bolster the development of decentralized finance (DeFi), a canonical WHYPE system contract has been created, providing vital infrastructure to support decentralized applications operating within the HyperEVM framework.
The HyperEVM is now operational, marking a pivotal moment toward the overarching vision of consolidating all financial activities by introducing general-purpose programmability to Hyperliquid’s efficient financial ecosystem. The initial mainnet release of HyperEVM encompasses:
The mainnet HyperEVM operates on chain ID 999, which is crucial for users of both APIs and wallets. Although a JSON-RPC server for the mainnet HyperEVM is set up on Hyperliquid’s infrastructure, developers and node operators are urged to create their own RPC servers for greater flexibility and decentralized access. Furthermore, the launch also introduces a Bug Bounty Program aimed at rewarding users for submissions that comply with specified criteria.
Hyper Foundation recognizes that while the tooling and analytics surrounding the mainnet HyperEVM may not be fully polished at the outset, they have assembled a talented team of developers dedicated to overcoming these issues. To facilitate these efforts, real-time raw data from HyperEVM blocks is streamed to S3, meaning developers don’t have to run a node in order to index HyperEVM information, thereby making it more reachable for them.
Looking to the future, the network will support general ERC-20 native transfers and precompiles in an upcoming update. Feedback on these functionalities from users testing on the testnet is greatly welcomed. While the team is actively refining these features on the testnet, updates for the mainnet will be introduced gradually to limit any disruption for existing Layer 1 users. Crucially, HyperEVM remains fully integrable with the Layer 1 state, allowing seamless assimilation without hindering the low-latency trading experience of current users.
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