The Hyperliquid team announced that HyperCore and HyperEVM linking is now live on the mainnet. The announcement stated that HyperCore spot assets are now available as building blocks for applications on HyperEVM.
HyperCore & HyperEVM Integration Goes Live
The team explained that HyperEVM builders have a permissionless path to listing on the same liquid order books that power billions of dollars in volume daily.
The announcement emphasized that every step of the full DeFi lifecycle can be executed permissionlessly within Hyperliquid. Developers can build projects, launch tokens, and trade assets without facing gatekeepers or central controls.
Spot Asset Transfers and Token Functionality
The announcement further explained that spot assets can be sent between HyperCore and HyperEVM seamlessly. Spot assets on HyperCore are termed as Core spot, while those on HyperEVM are known as EVM spot.
Developers can link their Core Spot asset to any ERC20 contract deployed on the EVM using a simple deployment process. The linking can be done in either order, which provides flexibility for token transfers between the two chains.
The only token transfer enabled on the mainnet so far is for HYPE, which directly utilizes EVM balances instead of an ERC20 contract. HYPE is treated as a special case because it serves as the native gas token on the HyperEVM.
When transferred to the EVM side, HYPE is received as the native gas token, and when transferred back to HyperCore, HYPE is sent as a transaction value.
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HYPE Price Actions and Whale Activity
The HYPE token is trading at $16.44, reflecting a decline of 3.26% in the last 24 hours. The token currently has a global market cap of approximately $5.49 billion, and the trading volume has increased by nearly 27% in the last day.
In other news, a Hyperliquid whale using highly leveraged positions earned $20 million in just a few weeks. Crypto investigator ZachXBT revealed that this trader has ties to a notorious British hacker named William Parker.
These market events underline the volatile and dynamic nature of the decentralized finance ecosystem in which Hyperliquid operates.
The recent activities continue to capture the attention of traders and market analysts who monitor the evolving DeFi landscape.
Groundbreaking Milestones and Future Prospects
Hyperliquid DEX recently reached a groundbreaking milestone by surpassing one trillion dollars in total trading volume. This milestone solidifies Hyperliquid’s position as a leading force in the decentralized finance ecosystem.
The announcement stated that linking tokens enables conversion between HyperCore and HyperEVM spots using a spotSend action on the front end. The permissionless design and composability of the system promise to drive further innovation in on-chain finance.
The integration of HyperCore and HyperEVM marks an important advancement in decentralized finance technology. Hyperliquid continues to push boundaries by offering innovative, permissionless solutions for the DeFi community.