HyperEVM
HyperEVM transforms Hyperliquid into a fully programmable financial system by integrating smart contract capabilities directly with Hyperliquid's high-performance order books. This represents a paradigm shift for DeFi by combining the efficiency of centralized exchange order books with the programmability of smart contracts. For the first time, developers can build applications that directly tap into deep, high-performance liquidity without sacrificing decentralization or requiring complex bridging solutions.
How It Works
HyperEVM is not a separate chain but an extension of Hyperliquid, where:
HyperCore: Handles all trading activities, staking, native multisigs, and core exchange functionality
HyperEVM: Provides the smart contract environment where developers can build custom applications
HyperEVM is based on the Cancun EVM specification (without blob transactions), ensuring compatibility with existing Ethereum tools and development practices while adding Hyperliquid-specific enhancements.
These components share the same consensus mechanism and operate sequentially, allowing:
Smart contracts to read HyperCore state (balances, positions, prices) from the previous block
Contracts to write actions to be executed in the following HyperCore block

The following are HyperEVM's key differentiators:
Dual-Block Architecture
HyperEVM uses an innovative dual-block system to handle different transaction needs:
Small Blocks: Process every 1 seconds with a 2M gas limit, perfect for quick transactions
Large Blocks: Process approximately every minute with a 30M gas limit, ideal for complex operations
Most blockchain systems force a compromise between speed and capacity, either fast blocks with limited space or larger blocks that take longer to process. HyperEVM solves this by maintaining two separate transaction queues that feed into different block types.
This design allows users to choose what matters most: traders can use small blocks for near-instant order confirmations, while developers can deploy complex contracts through large blocks without congesting the network.

For implementation details and code examples, see the dual-block architecture documentation.
HyperCore <> HyperEVM transfers
Assets can move freely between environments without traditional bridging risks:
Each spot asset on HyperCore can be linked to an ERC20 token on HyperEVM
HYPE (the native token) serves as gas on HyperEVM and can be transferred between environments
There are no wrapped tokens or IOUs, it's the same asset in both places
Traditional cross-chain solutions require wrapped tokens, trusted validators, or lengthy verification periods. HyperEVM eliminates these complexities since both environments share the same underlying consensus. This creates a seamless experience where assets maintain their identity and properties regardless of which environment they're used in.
The system uses special addresses (starting with 0x200
...) to handle these transfers, maintaining a unified asset layer across the platform.
Transfer Timing:
HyperCore to HyperEVM: Transfers are queued until the next HyperEVM block
HyperEVM to HyperCore: Transfers happen in the same L1 block, immediately after the HyperEVM block is built
Block Processing Order: L1 block → EVM block → EVM=>Core transfers processed → CoreWriter actions processed

For implementation details and code examples, see the transfer documentation.
Interacting with HyperCore
The real power of HyperEVM comes from two key mechanisms that enable smart contracts to interact with HyperCore's exchange features:
Read Precompiles
Special contracts at addresses starting with 0x000...0800
allow smart contracts to query HyperCore data directly:
User data - Positions, balances, and vault information
Market data - Mark prices and oracle prices
Staking data - Delegations and validator information
System data - L1 block number and other core metrics
Think of these as direct data pipelines into the exchange, giving your contracts real-time market information without relying on external oracles or APIs.
CoreWriter contract
A system contract at address 0x333...3333
allows smart contracts to initiate actions on HyperCore:
Trading - Place limit orders with various time-in-force options (ALO, GTC, IOC)
Order Management - Cancel orders by order ID (oid) or client order ID (cloid)
Vault Management - Programmatic deposits and withdrawals
API Wallet Management - Add API wallets with custom names
Staking operations - Delegate/undelegate tokens, deposit/withdraw stakes
Asset transfers - Move spot tokens and USD between accounts/markets
Contract finalization - Deploy and initialize EVM contracts with custom storage slots
This architecture transforms passive smart contracts into active market participants while maintaining HyperCore's security model through structured, predictable actions.

For implementation details and code examples, see the developer documentation.
Advantages - What Can You Build?
Real-Time System Awareness
Precompiles enable near-real-time awareness inside Hyperliquid, eliminating traditional DeFi latency:
Instant collateral checks - No oracle delays for margin calculations
Synchronized liquidations - Real-time position monitoring and execution
Dynamic rebalancing - Immediate response to market conditions
Trustless automation - No external keepers or relayers required
Applications Now Possible
With these tools, developers can create applications that were previously difficult or impossible:
Lending Protocols - Incorporate orderbook prices, trustless liquidations on HyperCore order books
Liquid Staking Tokens - Entirely onchain with governance through HIP-3 assets, no multisig control
Tokenized Trading Vaults - Real-time equity tracking and programmatic management (e.g., tokenized HLP)
Self-hedging Loans - Automatically manage risk through perps trading
Options Protocols - Automatic delta hedging with instant position adjustments
DEX Aggregators - Instant route optimization through HyperCore liquidity
Yield Strategies - Respond to funding rates and market conditions in real-time
Current Status
HyperEVM is currently in alpha stage. While core functionality is available, some features are still being rolled out gradually to ensure system stability.
Current Development Focus:
Throughput improvements - Increasing transaction processing capacity
Gas limit optimization - Improving small block gas limits for better everyday user experience
Block switching UX - Making transitions between small and big blocks more seamless
Infrastructure stability - Addressing RPC reliability and node performance
Developer tooling - Enhanced debugging and monitoring capabilities
Key Considerations:
Big blocks are primarily designed for builders deploying contracts rather than everyday user transactions
The architecture prioritizes HyperCore stability - ensuring trading performance remains unaffected - Source
For developers looking to start building, see our Builder Guide with detailed technical documentation and code examples.
View current HyperEVM projects →
Resources
Precompiles Guide:
A Breakdown for Dummies | Enables Real Time Awareness by Eduardo (Felix Protocol)
Explanatory videos by Hyperdrive and by Harmonix.
Precompile HyperCore → HyperEVM Direction - Note that smart contracts perform actions on HyperCore initiated from HyperEVM, not the reverse, as HyperCore has no general purpose smart contracts
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