TLDR Tech / Crypto
What Should Exist on HyperEVM?
HyperEVM is the programmable layer over HyperCore, where read precompiles let contracts query the exchange state (balances, positions, prices, and vault equity) and CoreWriter lets contracts submit actions back to the exchange. There is a 2x2 diagnostic framework built around two questions: why does an app need EVM, and why does it need Hyperliquid specifically? Familiar DeFi primitives like AMMs and money markets (Felix and HyperLend) qualify for the EVM-only quadrant, while the differentiated category includes protocols that use CoreWriter to programmatically control HyperCore positions: Rysk for volatility products, Liminal for packaged strategies, Hyperbeat for delta-neutral, and Valantis Prime for smart account execution. The long-term thesis is a unified financial account where a single balance moves across trading, borrowing, yield, hedging, and payments, with HyperCore serving as the underlying balance sheet.
Read the full story