The main dishes to remember:
- Hyperliquid introduced Hyperevm, an Ethereum virtual machine, directly fixed by the layer 1 blockchain.
- A bug bonus program with awards up to $ 1 million aims to strengthen Hyperevm’s safety and stability.
- The integration of hyperevm with the native components of hyperliquid seeks to offer deep liquidity and low transaction costs.
Hyperliquid is entering the DEFI space with Hyrerevm, an Ethereum virtual machine for general use (EVM) natively integrated into its layer 1 blockchain. To guarantee the safety of this project, the company recently announced a program of Bogues bonuses, which Provides up to $ 1 million to detect security vulnerabilities. This is a strategic decision to promote confidence and innovation within their ecosystem.
This displacement positions hyperliquid as a central director of DEFI and highlights new ways so that the layer 1 blockchains continues to innovate.
What is Hyperevm and why is it important?
Hyreevm is a chain tool that is not a bolted solution for a typical chain. Instead of building a completely separate EVM chain, it is entirely integrated into the layer 1 infrastructure of hyperliquid. Unlike many compatible EVM channels, Hyperevm operates the robust hyperbft consensus mechanism, improving safety. It strengthens security and offers hyperevm the possibility of communicating directly with the native components of the hyperliquid. To illustrate, develop a decentralized financial application on Hyperevm which can easily access the place of hyperliquid and perpetual command books.
In the words of the hyperliquid, “In the end, users will be able to exchange a project token with a minimum of costs and deep liquidity on the native command book, and to use the same asset on Applications built on the EVM. “
Unlike traditional bridges, Hyperevm natively supports the media threshing token as an active and gas token. This direct integration simplifies transactions and improves user engagement.
A bonus bonus program worth $ 1 million
Security in DEFI must be very strong; Thus, the hyperliquid has completely realized. They introduced a new BOGUE bonus program, it is not a simple formality, it is a massive investment in the platform for its long-term robustness. By offering up to $ 1 million in USDC awards, the company demonstrates its commitment to strengthen the safety of Hyperevm.
The program offers awards on several levels depending on the severity of the vulnerabilities discovered.
The classification of hyperliquid bugs and the distribution of rewards:
- Critical: Up to $ 1,000,000 USDC
- High: Substantial awards (exact amount not specified, but implicit to be significant)
- AVERAGE: Moderate awards (exact amount not specified)
- Weak: USDC $ 10,000
The classification of hyperliquid awards. Source: hyperliquid
Important considerations:
The Bounty program specifically targets bugs that could have an impact on the functionality and safety of nodes, hyperliquid API servers and, above all, between the EVM and native components during the testing phase. However, reports without sufficient details or vulnerabilities requiring unrealistic user behavior to exploit will not qualify. They need concrete and usable results.
More news: Galxe improves the gravity EVM (GREVM 1.0) and announces an ecosystem fund of $ 50 million
Hyperliquid’s hype token and TVL: a flourishing ecosystem
Although the Hyperevm unveiling has not led to a planted media token at a much higher price (about $ 26), the total hyperliquid ecosystem is definitely optimistic. With the total market capitalization of $ 8.6 billion and the daily negotiation volume of more than $ 200 million, media threshing has a solid level of activity.
In addition, TVL would have exploded up to $ 677 million in February compared to the previous December of $ 227 million, a record increase of 300%. This could be read like user’s belief in the ability of troubles.
Hyperliquid TVL. Source: Defillama
The history of user reward hyperliquid: the aerial factor
Not to discuss their very successful aerial platform is almost impossible if we want to talk about hyperliquid. Hyperliquid has made the ECOSYSTEM DEFI a discussion point by giving 28% of its total token supply to users. At current market prices, this air card is worth more than $ 7 billion. Without a doubt, this title movement was designed to push the creation of the company.
Airdrops can have both advantages and disadvantages, but it is a good idea for upcoming projects to reward first users, increase visibility and largely distribute the tokens. However, it should be noted that this type of reward does not provide a real commitment with the platform.
Hyperevm: accessibility and development
The hyperliquid received the ID 999 channel for Hyperevm Mainnet. One of the several measures that will be taken is that Hyperliquid will perform a JSON-RPC server for the Mainnet Hyperevm and will facilitate node operators and other developers to execute their own RPC servers for flexibility, decentralization and more access wide. In addition to the launch, an additional bug bonuse program with Mainnet bonuses rewards for reports that fall under the defined scope have been imposed.
Brusted hyperevm block data is actually a continuous data flow written on S3 to solve problems and support development. No need to have a node to index the hyperevm. Therefore, Hyreevm is more accessible for developers. You can add these features to the state of layer 1, allowing transparent interaction without having to interrupt the trading experience with low latency of current users.
General ERC-20 native transfers and precompresses will be supported in the future network upgrade. We will appreciate a lot of comments or comments on the newly adopted features on the Testnet. Although Mainnet updates are the most recent, they will be exclusively deployed to existing layer 1 users slowly to ensure fluid operation while these are in Testnet.
