The decentralized financing sector (DEFI) is among the greatest drivers with value of value and revenue creation for crypto projects, but its complexity often leaves users entangled in a web of blockchains, bridges, wallets and tokens.
However, a technical update of Hyperliquid makes this process easier for both developers and users, where the direct interconnection of tokens on Hypercore and Hyperevm platforms is now possible.
Hypercore is its original platform for spot assets (think tokens, you can act directly), and Hyperevm, an Ethereum Virtual Machine (EVM) network that performs smart contracts at Ethereum.
Tokens on hypercore, called “core spot”, can be linked to their colleagues at Hyperevm and called “EVM Spot.” Once linked, users can transfer them using simple actions — as a “spot sender” on Hypercore or a standard ERC-20 transfer on Hyperevm.
It is not automatically linking a core -place token to an EVM site that is not automatic. The process starts with the token’s “spot installation” or the device behind it, ensuring that the token supply matches on both sides of the transaction.
Then they send a “spot deploy action” to Hypercore suggesting an ERC-20 contract on Hyperevm to pair with their token.
Next comes verification. If the EVM contract was implemented directly by an individual, they confirm it with a specific transaction contrance (a unique number assigned to each transfer on a blockchain).
If it was deployed by another contract (eg a multi -for -extra security), the contract’s first storage space must point to the address of the Hypercore implementation. Finally, a “finished” action locks it all in place – which ensures that both sides agree on the link.
To allow to link allows users to use Ethereum’s defi -ecosystem – such as lending, borrowing and trading – without leaving the hyperliquid -ecosystem completely.
Why does that mean something?
But how does that mean? This is because it is not a straightforward process to move tokens between ecosystems.
Take Ethereum as an example of billions locked in protocols such as Aave or Uniswap. But if someone wants to send a token from another network, Solana says, they need a bridge-one third-party service that locks your tokens on one side and coins a wrapped version on the other. It comes with a security risk as Bridges remains one of the most utilized blockchain-based services in recent years.
The above friction is found even within Ethereum’s ecosystem, as moving assets between its main network and layer 2 blockchain (such as optimism or arbitration) are not always seamless.
Hyperliquid’s approach is different from just romping on a bridge. Hypercore is a high-speed platform for spot trading, while Hyperevm is an EVM compatible layer that taps into Ethereum’s Defi Toolkit.
By letting symbols move directly between them-without a third-party dissemination can developer developers that cut products that cut the technical chops required to move assets (which is easy for heavy crypto trucks but can be challenging for beginners).
Tokens like hype, Hyperevms Gas -Token, does not need a separate ERC20 contract to work on both sides. Send hype from Hypercore and it lands as native gas on Hyperevm. Send it back to Hypercore via a system address (0x222) and it is immediately credited based on an event log.
It’s not perfect yet; However, Hyperliquid warned in his technical documents that non -verified contracts or supply disagreements from Tuesday warned.