cyrpto boost, DeFi, hype, HyperEVM, Hyperliquid, set, testnet Mark February 18, 2025 0 Comments

Hyperliquid HyperEVM testnet set to boost HYPE and DeFi

In a decision that could potentially increase the smart blockchain contract capacity, Hyperliquid has unofficially launched Hyperevm on Testnet.

According to hyperliquid (THRESHING) Official announcement on X On February 18, the update adds general programmability to the ecosystem while preserving the trading experience with low latency of the platform.

Hyperliquid hyperbft consensus provides complete safety for hyperevm transactions, allowing chain execution without the need for external validation layers.

Hyreevm is live. This is a major step towards the vision of housing of all finances by providing general programmability to the efficient financial system of hyperliquid. The initial main version of the hyperevm includes:

1. Hyperevm blocks built as part of the execution of L1,… pic.twitter.com/sleqk1n7t5

– Hyper foundation (@hyperfnd) February 18, 2025

Before the deployment of Mainnet, the Testnet phase will be used to collect entries and improve developer tools. Future upgrades will include transfers and precompresses General ERC-20.

Native of hyperliquid tokenThe media threshing, will serve as a gas token for Hyperevm. A new system contract, Whype, has also been deployed to support DEFI applications and native punctual transfers between L1 and hyperliquid hyperevm. A bug bonus program will provide main level awards for vulnerabilities found during this period to promote security research.

The beginning coincides with the market during hyperliquidal growth. Media threshing increased by around 553% compared to its launch in November 2024, exceeding other cryptocurrencies. The solid base of the platform has been helped by its price structure, which allocates profits to liquidity suppliers and a fund managed by the community.

Hyperliquid drew a lot of attention after its huge aerial platform of billions of dollars, one of the greatest in the history of cryptography. The attraction of the traders platform is stimulated by the fact that it aims to offer a CEX type commercial experience in addition to being a Dex.

The assistance fund is one of its most notable characteristics, which is absent from many Dex. In the event of security violations or when liquidity must be stimulated, the fund, which continues to grow costs Increase, serves as a safety net.

A recent search K33 report revealed that the hyperliquid held 55% of the 7 -day negotiation volume against perpetual Dex. In addition, the interest open on the platform has increased to 47% of OKX levels and 13% of Binance.