The Decentralized Finance Sector (DEFI) is among the largest drivers of value accumulation and the creation of income for cryptographic projects, but their complexity often leaves entangled users in a network of block chains, bridges, wallets and tokens.
However, a technical update of Hyperliquid is facilitating this process for both developers and users, with the direct linking of tokens on Hypercore and Hypevm platforms now possible.
Hypercore is its native platform for specific assets (think of tokens that can be directly traded) and Hyperevm, a Virtual Machine Ethereum network (EVM) that executes intelligent contracts in Ethereum.
Tokens in Hypercore, called “Core Spot”, can be linked to their counterparts in Hyperevm and are called “spot evm”. Once linked, users can transfer them using simple actions, such as “spots” in Hypercore or a standard ERC-20 transfer in HYPEVM.
Linking a central point token with a Token Spot EVM is not automatic. The process begins with the “spot deployment” of the Token, or the entity behind it, which guarantees that the supply of the Token coincides on both sides of the transaction.
Then, they send a “spot deployment action” to Hypercore, proposing an ERC-20 contract in Hypevm to match your token.
Then comes the verification. If the EVM contract was implemented directly by an individual, they confirm it with a specific Nance transaction (a unique number assigned to each transfer in a block chain).
If it was implemented by another contract (for example, a Multisig for greater security), the first contract storage slot must point to the direction of the Hypercore implementation. Finally, an action to “finish” blocks everything in its place, which guarantees that both parties agree on the link.
Allowing links allows users to take advantage of Ethereum’s defi ecosystem, such as loans, loans and commerce, without completely leaving the hyperlichid ecosystem.
Why does it matter?
But how does that matter? It is because moving chips between ecosystems is not a simple process.
Take Ethereum as an example, with billions blocked in protocols such as 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 blocks his chips on one side and mints a version wrapped in the other. That comes with a safety risk, since the bridges are still one of the most exploited blockchain -based services in recent years.
The anterior friction exists even within the Ethereum ecosystem, since the assets in motion between its netne and the layer block chain 2 (such as optimism or the referee) are not always perfect.
The Hyperliquid approach is different from just screwing on a bridge. Hypercore is a high -speed and specially designed platform for spot trade, while Hyperevm is a layer compatible with EVM that takes advantage of Ethereum’s defi tool kit.
By allowing tokens to move directly to each other, without a third -party intermediary, developers can create products that eliminate the technical chops required to move active (which is easy for users of heavy cryptography, but it can be a challenge for beginners).
Tokens such as exaggeration, Hyperevm gas token do not need a separate ERC20 contract to work on both sides. Send the hypercore hype, and land as a native gas in Hyperevm. Send it again to Hypercore through a system address (0x222), and is instantly accredited depending on an event record.
It is not yet perfect; However, hyperlichid warned in his technical documents that the risks of not verified contracts or supply mismatches exist as of Tuesday.
