Derivatives trading platform Hyperliquid L1 will support native EVM, and the test network is expected to be launched in the next few months

Hyperliquid, a decentralized derivatives trading platform, announced on X Platform that Hyperliquid L1 will support native EVM. EVM will be enhanced to automatically combine native components on Hyperliquid L1: HIP-1 assets, spot trading, perpetual contract trading, and other DeFi primitives. Today, Hyperliquid already provides massively scalable throughput for the most frequently used DeFi operations. EVM will unlock all applications that do not require a lot of optimization, such as bridging, auctions, lending, and new user applications. As an example of the composability of EVM with native components, HIP-1 assets will have atomic transfers to their corresponding ERC-20 contracts. Builders will be able to deploy smart contracts using familiar EVM tools and immediately connect to a CEX-like trading experience. The testnet is expected to go live in the coming months.