Hyperliquid Launches HyperCore and HyperEVM Linking on Mainnet

Hyperliquid has successfully launched linking on its mainnet between HyperCore and HyperEVM, powering permissionless order book listings for builders. This rollout aims to streamline DeFi project lifecycles, from smart contract issuance to live on-chain trading.

The HyperCore and HyperEVM Connection

HyperCore is the backbone behind Hyperliquid’s layer-1 network and high-performance trading ecosystem. HyperEVM, introduced in February, is a general-purpose Ethereum Virtual Machine environment that enables Hyperliquid developers to build EVM-compatible dapps based on the HyperCore system. By linking these two components, Hyperliquid combines decentralized and centralized exchange features for an improved DeFi development experience.

🚨UPDATE: Hyperliquid launches HyperCore and HyperEVM linking on mainnet, combining DeFi and CEX features for a smoother developer experience. pic.twitter.com/sgAT4g6oqs

— Coin Bureau (@coinbureau) March 25, 2025

HyperCore and HyperEVM Integration

Until now, HyperCore and HyperEVM operated as separate entities. However, with the recent linking, developers can seamlessly transfer HyperCore spot assets, including Hyperliquid’s native token HYPE, between both systems. This integration enables builders to utilize the “spotSend action” or the protocol’s frontend interface to convert tokens across HyperCore and HyperEVM. Furthermore, developers can leverage the ERC-20 transfer feature on the EVM side, expanding their asset management capabilities.

Testing and Security Considerations

To ensure a smooth transition, Hyperliquid’s team recommends that users thoroughly test linking and asset conversion on the testnet before proceeding to the mainnet. As the team emphasizes, “It is strongly recommended to test everything on test net before linking on main net, as linking is immutable.” This precautionary approach helps mitigate potential risks and ensures a secure experience for users.

Implementation Considerations and Future Outlook

GitHub documents shared on March 25 highlight potential implementation considerations, including the possibility that the system address may not hold sufficient supply. Furthermore, the team has not released a check system to verify valid ERC-20 recipient contracts, emphasizing the need for prudent verification of contract implementation. As noted in Hyperliquid’s GitHub documentation, “In particular, the linked contract may have arbitrary bytecode, so it’s prudent to verify that its implementation is correct.”

Hyperliquid’s Rise to Prominence

Hyperliquid’s perp DEX emerged as one of last year’s breakout stories, capitalizing on the growing interest in crypto and DeFi. Launched in 2023, the protocol made headlines with a significant airdrop of HYPE tokens worth $1.2 billion in November. Although the price of HYPE has since dropped by approximately 53% from its all-time high of $34.96 in December 2024, Hyperliquid’s innovative approach has solidified its position in the DeFi landscape.

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