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What is HyperEVM?

HyperEVM is the EVM-compatible layer of the Hyperliquid blockchain, which features a dual-block architecture with HyperCore and HyperEVM. The HyperEVM is not a separate chain, but rather secured by the same HyperBFT consensus as HyperCore, allowing it to interact directly with HyperCore’s spot and perpetual order books.

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Key Features

  • Dual-Block Architecture: Combines HyperCore (for trading) and HyperEVM (for smart contracts)
  • EVM-Compatible: Full compatibility with Ethereum smart contracts and tooling
  • Direct Order Book Access: Smart contracts can read prices and execute trades directly on HyperCore
  • Permissionless Asset Deployment: Projects can deploy ERC20 contracts and corresponding spot assets
  • Unified State: No bridging risk between HyperCore and HyperEVM
  • Mature Liquidity: Access to established, liquid onchain order books
  • Captive Audience: Built-in user base excited about onchain finance

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Technical Capabilities

  • Read Precompiles: Smart contracts can read prices directly from HyperCore order books
  • Write System Contracts: Contracts can send orders directly to HyperCore order books
  • Protocolized Liquidations: Lending protocols can implement automated liquidations
  • Native Token Integration: Seamless connection between HyperEVM contracts and HyperCore trading

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Use Cases

  • DeFi Protocols: Lending, borrowing, and automated trading strategies
  • Token Projects: Permissionless listing and trading of new assets
  • Trading Bots: Direct access to order books for algorithmic trading
  • Cross-Protocol Integration: Seamless interaction between different DeFi applications

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Current Status

HyperEVM is currently in alpha stage with a gradual roll-out approach to ensure:
  • Equal access for all developers (no insiders)
  • Safe system upgrades for high-volume trading
  • Live iteration based on user feedback

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Data on Dune

We currently don’t support traces yet for hyperEVM so compared to usual EVM support we will not have:
  • Traces
  • Traces_decoded
  • “Enable bytecode matching” decoding feature
  • “Decode other contracts created by the same factory” decoding feature

Raw Data

Access to raw blockchain data including blocks, transactions, and logs

Decoded Data

Human-readable contract interactions and events

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Resources

Hyperliquid Documentation

Official documentation for developers building on HyperEVM