Hyperliquid (HYPE)
What is Hyperliquid and HyperEVM?
Hyperliquid is a high-performance Layer 1 blockchain ecosystem that combines Hyperliquid L1 and HyperEVM. Together, they offer fast, secure trading with built-in smart contract functionality.
Hyperliquid L1: Provides a fully on-chain order book for spot and perpetual futures trading, secured by the HyperBFT consensus mechanism for sub-second block times and deep liquidity.
HyperEVM: An Ethereum Virtual Machine environment, launched in February 2025, that enables Ethereum-compatible smart contracts directly on Hyperliquid L1.
The native token of the network is HYPE, used across both L1 and HyperEVM for gas fees and transactions.
Key features of HyperEVM
Integrated with L1: Not a separate chain - HyperEVM interacts directly with order books and liquidity pools.
Fast confirmation times: HyperBFT delivers median block times of just 0.2 seconds.
Unified token economy: HYPE is used for fees across both layers.
Ethereum compatibility: Supports Solidity, ERC20 tokens, and existing Ethereum infrastructure.
Advanced DeFi support: Low latency and high throughput make it suitable for next-generation financial applications.
Hyperliquid on Wraith Wallet
With Wraith Wallet, you can:
Connect and trade directly on Hyperliquid L1.
Transfer HYPE between Hyperliquid L1 and HyperEVM.
Store HYPE securely.
Send and receive HYPE tokens natively on HyperEVM.
⚠️ Some centralised exchanges only support HYPE on Hyperliquid L1. Always check before withdrawing and use small test transactions when trying a new platform.
ERC20 tokens on Hyperliquid
ERC20 tokens deployed on HyperEVM behave just like on Ethereum but with much lower fees, thanks to Hyperliquid’s fast design.
How to get HYPE
Receive HYPE using your Wraith Wallet Hyperliquid address.
Transfer HYPE from Hyperliquid L1 into HyperEVM.
Enable Hyperliquid in your wallet’s Manage Token List.
⚠️ Only send HYPE that is on HyperEVM if you want it to appear immediately in Wraith Wallet.
Transaction fees
Gas fees: Paid in HYPE across both Hyperliquid L1 and HyperEVM.
Low cost: Sub-second block times and efficient consensus ensure minimal fees.
Scalable model: Designed to stay economical even under heavy usage, supporting frequent and complex dApp activity.
Checking balances
Wraith Wallet connects to the Hyperliquid blockchain to display your HYPE balance. For more detail, tap View on Blockscout, the default Hyperliquid explorer integrated into Wraith Wallet.
Why choose Wraith Wallet for Hyperliquid?
Fast execution: Optimised for traders who need low-latency performance.
Cost efficiency: Minimal gas fees ensure economical transactions.
Self-custody security: Wraith Wallet is non-custodial, giving you full control over your private keys.
Summary Hyperliquid combines a high-speed trading Layer 1 with Ethereum-compatible programmability through HyperEVM. Powered by the HYPE token and HyperBFT consensus, it delivers deep liquidity, fast settlement, and cost-efficient DeFi. With Wraith Wallet integration, users gain secure, self-custodial access to Hyperliquid’s full potential.
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