Hyperliquid has launched HyperEVM, which brings general-purpose programmability to its financial system and includes features that could reshape decentralized finance (DeFi). This includes integrating HyperEVM blocks into Layer 1 execution for added security, supporting native spot transfers between HyperEVM HYPE and spot HYPE tokens, and deploying the canonical WHYPE system contract to streamline DeFi applications. The launch also includes an active bug bounty program and tools for developers to connect and index the blockchain. Hyperliquid recorded a high trading volume in January, solidifying its position in the DeFi trading market.



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