Hyperliquid has officially launched their most anticipated HyperEVM on the mainnet. This move is a significant advancement towards integrating general purpose programmability into Hyperliquid’s high performance financial system. The launch was announced by Hyper Foundation on social media platform X today February 18, 2025.
Key Features of HyperEVM
The initial mainnet release would include the following key features:
- Improved Security: HyperEVM blocks are now more secure because they are built using the same security as HyperBFT.
- Easy Transfer: One can easily transfer HYPER tokens between two different systems (native spot and Hyper EVM).
- New Contract: A special contract called WHYPE has been added to help build DeFi (decentralized finance) applications on the platform.
Bug Bounty Program
To make sure that there is thorough testing and security, Hyperliquid has introduced a bug bounty program that offers mainnet bounty amounts for qualifying reports. So specifically, the program will target bugs on the mainnet that could possibly lead to outages or logical errors on nodes or API servers.
Mainnet Details
For developers and API users, the mainnet Hyper EVM operates on chain ID 999, with a JSON-RPC server hosted at https://rpc.hyperliquid.xyz/evm. The DEX encourages the node operators and builders to host their own RPC servers to enhance network resilience and distribution.
Future Upgrade And Plans
The foundation has acknowledged that tooling and analytics for the mainnet HyperEVM may initially be rough and there might be some glitches here and there. To navigate through these problems, raw HyperEVM block data is being worked upon by the developers and it is being streamed in real-time to S3, which allows indexing without the necessity of running a node.
Future network upgrade are planned to enable general ERC20 native transfers and precompiles. While these features are already available on the testnet, their mainnet rollout will be staggered to minimize disruption to current Layer 1 users. The foundation has started that the HyperEVM is composable with the L1 state, ensuring that the low-latency trading experience of existing user remains unaffected.
Future Outlook
The Hyper Foundation expressed their gratitude to its builders and the developers who have contributed significantly during the testnet phase. This move is going to open doors for developments of new applications that leverage and build upon Hyperliquid’s existing on-chain financial system.
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