Hyperliquid has officially launched HyperEVM, introducing wrapped HYPE tokens. This new platform functions as a Layer 2 solution designed to enhance the capabilities of decentralized finance applications in the future. Eventually, the platform will support ERC-20 tokens as part of its ongoing upgrades. The launch aims to provide users with seamless and efficient token transactions.

This initiative marks a significant advancement for Hyperliquid as it positions itself within the competitive landscape of DeFi platforms. By adopting EVM compatibility, Hyperliquid enhances the flexibility and interoperability of its token offerings, setting the stage for broader applicative use cases and integrations with existing Ethereum-based solutions.