According to Odaily, Hyperliquid, a decentralized derivatives trading platform, has announced that its Hyperliquid L1 will support native Ethereum Virtual Machine (EVM). The EVM will be enhanced to automatically assemble native components on Hyperliquid L1: HIP-1 assets, spot trading, perpetual contract trading, and other DeFi primitives.
Hyperliquid has already provided large-scale scalable throughput for the most frequently used DeFi operations. The EVM will unlock all applications that do not require extensive 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 with 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.