The Decentralized Finance Sector (DEFI) is among the largest engines of value creation and income creation for crypto projects, but its complexity often leaves users tangled in a network of blockchains, bridges, wallets and tokens.
However, a technical hyperliquid update facilitates this easier process for developers and users, the direct bond of tokens on hypercore and hyperevm platforms being now possible.
Hypercore is its native platform for sanded assets (think of the tokens that you can exchange directly), and Hyrerevm, a network of Ethereum virtual machine (EVM) which performs smart contracts on Ethereum.
Hypercore tokens, nicknamed “Core Spot”, can be linked to their counterparts on Hyperevm and are called “EVM Spot”. Once linked, users can transfer them using simple actions – such as a “spot” on Hypercore or a standard ERC -20 transfer to Hyperevm.
Binding a central sidewalk token to an EVM spot token is not automatic. The process begins with the “deployment of spot” of the token or the entity behind, which guarantees that the supply of the token corresponds on both sides of the transaction.
Then, they send a “spot deployment action” to Hypercore, offering an ERC-20 contract on Hyperevm to associate with their token.
Then comes the verification. If the EVM contract has been deployed directly by an individual, it confirms it with a specific nonce transaction (a unique number attributed to each transfer on a blockchain).
If it has been deployed by another contract (for example, a multisig for additional security), the first storage location of the contract must point to the address of the hypercore deployer. Finally, an action “finalizing” locks all this in place – ensuring that the two parties agree on the link.
Authorizing the link allows users to draw from Ethereum’s DEFI ecosystem – such as loans, borrowing and trading – without completely leaving the hyperliquid ecosystem.
Why is it important?
But how does it matter? This is because moving tokens between ecosystems is not a simple process.
Take Ethereum as an example, with billions locked in protocols like Aave or Uniswap. But if someone wants to send a token from another network, say Solana, he needs a bridge – a third -party service that locks your tokens on one side and experiences a version wrapped on the other. This comes with a security risk, because bridges remain one of the most exploited blockchain services in recent years.
The friction above exists even in the Ethereum ecosystem, because the assets moved between its main network and the blockchain of layer 2 (such as optimism or arbitrum) are not always transparent.
The hyperliquid approach is different from the single bridge loop. Hypercore is a high-speed platform and specially designed for punctual trading, while Hyperevm is an EVM compatible layer that draws from the Ethereum Defi toolbox.
By letting the tokens move directly between them – without a third -party intermediary – developers can create products that cut the technical chops necessary to move assets (which is easy for heavy cryptography users, but can be difficult for beginners).
Tokens such as beaten, the hyperevm gas token, do not need a separate ERC20 contract to work on both sides. Send the hypercour of the media, and it landed in the form of native gas on Hyperevm. Return it to Hypercore via a system address (0x222), and it is instantly credited on the basis of an event journal.
It is not yet perfect; However, Hyperliquid warned in its technical documents that the risks of non -verified contracts or supply lag exists on Tuesday.
