Hyperliquid Launches HyperEVM
Hyperliquid, a layer-1 blockchain platform, has recently introduced HyperEVM, its general-purpose Ethereum Virtual Machine (EVM). This move signifies a significant step towards integrating comprehensive financial programmability into Hyperliquid’s high-performance ecosystem.
Integration with Hyperliquid’s L1 Consensus Mechanism
- The HyperEVM is deeply integrated into Hyperliquid’s existing layer-1 consensus mechanism, HyperBFT, ensuring robust security features.
- Blocks of HyperEVM are constructed as part of the L1 execution, allowing seamless interaction with native components of the network.
- HYPE token, native to Hyperliquid, is fungible with the gas token used in HyperEVM, enhancing liquidity and user experience.
- HyperEVM has a chain ID of 999, and a JSON-RPC server is available for decentralizing access to the network.
- Raw HyperEVM block data is streamed to S3 in real-time to assist developers in indexing the blockchain without running their own nodes.
Future Upgrades and Features
While the initial release includes spot transfers between native HYPE and HyperEVM HYPE, future upgrades will introduce general ERC20 transfers and precompiles. This staggered rollout strategy aims to add new functionalities while minimizing disruption to existing users.
Hyperliquid Bug Bounty Program
Alongside the EVM launch, Hyperliquid has launched a bug bounty program to enhance system security. Developers are incentivized to find and report vulnerabilities, with rewards scaling up to 1 million USDC based on severity.
The bug bounty program covers a wide range of vulnerabilities, including potential issues that may cause system outages or errors in nodes and API servers. Bug hunters can report issues related to the integration of EVM with Hyperliquid’s native functionalities on the mainnet.
