Hyperliquid Updates

HyperEVM, HYPE airdrop, spot trading and every update to the on-chain perp leader

Latest

HyperEVM mainnet launch - EVM-compatible smart contracts live on L1

Feb 2025 Platform

In February 2025, Hyperliquid launched HyperEVM on mainnet, making its custom Layer 1 fully EVM-compatible. Developers can now deploy Solidity smart contracts directly on the Hyperliquid L1, accessing the same high-performance infrastructure that powers the exchange. This marks the transition from a single-product perp DEX to a general-purpose, high-speed blockchain ecosystem.

HyperEVM enables any EVM-compatible dApp - lending protocols, perpetuals frontends, yield vaults - to run on Hyperliquid's L1 with sub-second finality and 100,000 TPS throughput. Crucially, HyperEVM shares block space with the core exchange, meaning native USDC, HYPE, and any spot assets listed on Hyperliquid are immediately available to smart contracts without bridging. Early dApps launched on day one include lending protocols and liquidity vaults. The launch was fully self-funded with no VC involvement, consistent with the team's ethos.

HyperEVM mainnet - EVM smart contracts live on Hyperliquid L1

Feb 2025

HYPE token airdrop - 31% of supply distributed to early users

Nov 2024

Spot trading launched - native on-chain spot markets go live

Oct 2024

HLP vault opened to public liquidity providers

Sep 2024

Builder codes introduced - fee-sharing for ecosystem developers

Jul 2024

Hyperliquid L1 mainnet launch (permissionless deposits)

May 2024

Order book depth and matching engine upgrades

Mar 2024

Sub-account and portfolio margin features added

Jan 2024

Testnet open to public - early community testing phase

Oct 2023

Hyperliquid alpha launch - invite-only perp trading begins

Jun 2023

History

Update History

Feb 2025 HyperEVM mainnet launch - EVM-compatible smart contracts live on L1 Feb 2025 HyperEVM mainnet - EVM smart contracts live on Hyperliquid L1 Nov 2024 HYPE token airdrop - 31% of supply distributed to early users Oct 2024 Spot trading launched - native on-chain spot markets go live Sep 2024 HLP vault opened to public liquidity providers Jul 2024 Builder codes introduced - fee-sharing for ecosystem developers May 2024 Hyperliquid L1 mainnet launch (permissionless deposits) Mar 2024 Order book depth and matching engine upgrades Jan 2024 Sub-account and portfolio margin features added Oct 2023 Testnet open to public - early community testing phase Jun 2023 Hyperliquid alpha launch - invite-only perp trading begins

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