Yesterday, a short essay about the rise in price from 3000 U to A 8 in the Hyperliquid ecosystem was circulated in the community. Although the authenticity of the content is still questionable, one thing is indeed correct: the wealth effect has once again appeared in the Hyperliquid ecosystem.
Two months have passed since the $JELLYJELLY incident, and the price of Hyperliquids platform coin $HYPE has not only hit a record high, but has also received widespread attention because of James Wynn. But in addition to $HYPE and James Wynn, there is another angle of Hyperliquid that is also developing quietly, that is Hyperliquids L1 HyperEVM.
We introduced some of the native assets on HyperEVM when it was first launched earlier this year (related reading: Niche players are secretly delighted, Hyperliquid NFTs are actually rising against the trend? ), such as Hyperliquids flagship NFT Hypio, which has risen from about $2,250 when we introduced it to tens of thousands of dollars. Another example is $BUDDY, which rose nearly 3 times last week. Considering that 38.888% of Hyperliquids token economics is used for future emissions and community rewards, when HyperEVM is busy, participating in it can not only reap profits through the market. It is also possible to reap future $HYPE airdrops, and you can also get airdrops through applications within the interactive ecosystem.
Let’s take a look at the opportunities in each asset segment of HyperEVM and how to participate.
How to get $HYPE on HyperEVM
There are already cross-chain bridges that support exchanging assets from chains such as ETH and Solana directly into $HYPE on HyperEVM, such as @deBridgeFinance , @SynapseProtocol , @HyBridgeHL , etc. If you don’t want to use a cross-chain bridge, you can also deposit funds into Hyperliquid to buy spot $HYPE and then transfer it to HyperEVM.
The original process was more complicated, and USDC had to be transferred to the Arbitrum network first:
After the deposit is confirmed, buy $HYPE in the HYPE/USDC trading pair:
After the purchase is successful, return to the Portfolio page and click Transfer to EVM in the position to transfer $HYPE to HyperEVM.
Now you can also deposit Bitcoin, ETH and SOL directly into Hyperliquid, but the Hyperliquid deposit service actually calls the @hyperunit interface in the backend.
Coins on HyperEVM
The two largest DEXs on HyperEVM are @HyperSwapX and @KittenswapHype . Both have points systems related to airdrops, and their official websites also have detailed points task pages.
$PURR
The only meme coin on HyperEVM with a market value of over 100 million US dollars, the current market value is close to 200 million US dollars. This is the first meme coin to be listed on the spot by Hyperliquid. Hyperliquids official Hyper Assistance Fund bought about 0.5% of $PURR at the beginning of this year and has held it to this day.
The background of this coin is actually very strong. It is a meme coin that was announced to be deployed when Hyperliquid announced the HIP-1 proposal at the end of March last year. It was later airdropped to early Hyperliquid users. It can be said to be the mascot of Hyperliquid.
$BUDDY
The most influential native meme on Hyperliquid, with a current market value of about 33 million US dollars. It first became popular because of the airdrop to Hypio, which received support from the largest NFT community on Hyperliquid. Alright buddy has gradually become a phrase often mentioned by the Hyperliquid ecosystem.
$HFUN
The most influential Telegram trading robot on Hyperliquid, also a Launchpad. The current market value is about 70 million US dollars.
$LIQD
The coin comes from Liquid Launch, which acts as a Launchpad and DEX aggregator, and its current market value is approximately US$35 million.
$PIP
This is a coin from the NFT series PiP Friends. The current floor price of this series is close to $300. We have introduced it in the Hyperliquid NFT article mentioned above. It is also a series that has been active in the Hyperliquid ecosystem for a long time.
The current market value is about 18 million US dollars. The project used all NFT minting and sales revenue to buy back and destroyed 9% of the total tokens and announced that it would continue to buy back in the future, which may be the reason for the attention.
$JEFF
The coin of the same name is a simple tribute to Hyperliquid Founder @chameleon_jeff , with a current market value of approximately US$13 million.
$JPEG
The platform coin of Hyperliquid NFT trading market Drip.Trade has a current market value of about 10 million US dollars. Only 10% of this coin was allocated in the initial airdrop. Now you can earn points by trading on it. According to the token economics, 40% of the tokens will be used for future community rewards.
Hyperliquid DeFi
HyperLend
Hyperliquid is currently the largest lending platform in the ecosystem. It also supports revolving lending and staking to earn returns. The current TVL is approximately US$300 million.
The official website has a points system related to airdrops.
Felix
Mortgage lending platform, current TVL is approximately US$200 million.
The official website has a points system related to airdrops.
Hyperbeat
Yield farming aggregator that also has lending and swap.
The official website has a points system related to airdrops.
