Hyperliquid launched a generic EVM called HypereVM. HypereVM is integrated with Hyperliquid’s L1 consensus mechanism for security. High lipid bug prizes offer up to $1 million for identified bugs.
Hyperliquid, the Layer-1 blockchain platform, has launched its general-purpose Ethereum virtual machine (EVM) HypereVM.
HypereVM is live. This is a major step towards our vision of housing all our funds by bringing generic programmaticity to Hyperliquid’s performative financial system. The first mainnet release of HypereVM includes:
1. HypereVM block built as part of L1 execution…pic.twitter.com/sleqk1n7t5
– Hyper Foundation (@hyperfnd) February 18, 2025
This move illustrates an important step in Hyperliquid’s mission to integrate comprehensive financial programmers into a high-performance ecosystem.
HypereVM is integrated into the L1 consensus mechanism of Hyperliquid
HypereVM does not act as a standalone chain, but is deeply integrated into Hyperliquid’s existing Layer-1 consensus mechanism known as Hyperbft. This integration ensures that EVM inherits the robust security features of the Hyperliquid base layer.
In particular, the blocks of HypereVM are built as part of the L1 execution, providing a seamless interaction between the EVM and the native components of the high lipid network. This setup allows high lipid native hype tokens to be finalized with gas tokens used within HypereVM, improving the platform’s liquidity and user experience.
HypereVM is assigned a chain ID of 999, making JSON-RPC servers available, prompting node operators and other builders to host their own servers, distributing access to the network.
Furthermore, recognizing the early state of tools and analysis around new EVMs, high lipids stream raw HypereVM block data to S3 in real time. This approach allows developers to index the blockchain and ease the burden on the ecosystem of new participants, without the need to run their own nodes.
The first release includes important features such as spot transfers between native hype and HypereVM hype, but the deployment of WhyPE system contracts for Defi applications will be the norm for ERC20 in future upgrades. We plan to introduce forwarding and precompilation.
This shifted rollout strategy aims to add new features while minimizing confusion for existing users, indicating Hyperliquid’s commitment to both innovation and stability.
High lipid bug bounty program
In cooperation with the launch of EVM, Hyperliquid has introduced a comprehensive bug bounty program. This initiative is designed to enhance system security by encouraging developers to find and report vulnerabilities.
Rewards under the Bug Bounty Program can increase up to 1 million USDC depending on the severity of the identified security issue.
This program covers a wide range of potential vulnerabilities, including those that can cause system outages and errors in the node or API server.
For HypereVM on the mainnet, bug hunters can report issues related to integration of EVM with native features of hyperglycemia.
