From Perp DEX to Crypto Ecosystem

In a short period since the launch of HyperEVM – Hyperliquid’s EVM-compatible blockchain – the project’s ecosystem has expanded rapidly, now covering nearly all major sectors of Web3: from NFTs and GameFi to DeFi, AI, and Liquid Staking.

With its impressive growth momentum and an active builder community, Hyperliquid is gradually reshaping how users interact with blockchain technology.

What is HyperEVM?

HyperEVM is an Ethereum-compatible smart contract execution environment developed on top of Hyperliquid – a decentralized perpetual DEX that operates without a traditional order book.

Unlike conventional EVM blockchains, HyperEVM was redesigned from the ground up to optimize scalability, reduce block times, and support parallel execution. These enhancements make it particularly well-suited for high-throughput applications such as real-time DeFi, artificial intelligence (AI), and dynamic on-chain data systems.

Read more: Hyperliquid Price Prediction: Potential HYPE Price Movement

A Multidimensional Ecosystem: From DeFi to AI

HyperEVM has demonstrated an impressive pace of ecosystem expansion just months after its mainnet launch in February 2025.

Unlike many new blockchains that typically begin with a handful of experimental apps, HyperEVM has already attracted over 100 projects spanning core sectors of Web3, including DeFi, NFTs, Liquid Staking, GameFi, AI, Derivatives, and data infrastructure layers.

This trajectory signals that Hyperliquid’s strategy goes far beyond evolving from a successful derivatives trading platform. It aims to architect a diverse, multidimensional ecosystem that touches every corner of Web3.

The breadth and depth of projects building on HyperEVM reflect a well-planned approach – one that doesn’t rely on just a few flagship apps but instead spreads risk and fosters growth across multiple verticals.

Lending & Borrowing – Redefining On-Chain Capital Efficiency

The lending ecosystem on HyperEVM is rapidly expanding, with diverse approaches ranging from traditional models to novel decentralized mechanisms.

• Projects like FelixProtocol and PrimeFi follow a conventional lending structure but are optimized for UX and processing speed, offering a smooth experience for both borrowers and lenders.
• Meanwhile, Hyperlend and HyperYield focus on maximizing user returns through automated strategies like auto-compounding and cyclical interest reinvestment.
• Timeswap stands out with its oracle-free, fully decentralized lending model, allowing users to lend and borrow at fixed interest rates without liquidation – a truly trustless lending solution.
• Satoshi Protocol, on the other hand, implements a collateralized stablecoin model with automated liquidation, similar to MakerDAO or Liquity.

This diversity in design and operation signals that HyperEVM is steadily attracting stable liquidity while catering to a wide range of users, from conservative investors to adventurous DeFi participants.

Liquid Staking – The Foundation for Security and Flexibility

Protocols like Cluster, Harmonix, Solv Protocol, Tenderize, and Kinetiq offer users the ability to stake tokens while maintaining asset liquidity via Liquid Staking Derivatives (LSDs). This segment plays an increasingly crucial role in restaking ecosystems and modular security architectures.

DEX & Derivatives – The Next Generation of Decentralized Trading

Native DEXs on HyperEVM include HyperSwap, Sunder Finance, Valantis, and Laminar.

Notably, Spectra and D2 Finance are bringing derivatives to HyperEVM, enabling users to trade options and futures with a CeFi-like user experience.

AI + DePIN – Where Data Meets Intelligence

Projects like Beats AI, Farm Fun, and Sentient apply AI to market analysis, yield farming, and sentiment tracking.

HCR Bot and HyperLauncher offer automation tools for token launches and protocol management.

These initiatives demonstrate HyperEVM’s long-term vision, evolving from a smart contract platform into a hub for real-time data infrastructure and AI-powered systems.

Bridges, Stablecoins, and Oracles – The Backbone of Interoperability

No strong platform is complete without robust cross-chain infrastructure and reliable data:

• Across, deBridge, HyBridge, and Wormhole simplify asset transfers to HyperEVM.
• Redstone and Pyth Network serve as the primary oracles for DEXs and lending protocols.
• Resolv and Stable Jack are essential stablecoin layers enabling sustainable liquidity.

NFT – A New Creative Wave

With projects like Octis, Drip Trade, Jelly Cat, and NFTs2Me, the NFT scene on HyperEVM is growing organically, driven by low gas fees and high minting throughput.

The standout collection Wealthy Hypio Babies has captured community attention for its unique design and rich lore.

GameFi & Meme – Fun-Driven Community Engagement

Hyperliquid embraces community and entertainment through:

• Meme tokens like Autist, Frudo, Catbal, and Rugman, which gain traction via humor and viral appeal.
• GameFi platforms including Hyperverse, Mon, Sovrun, and Moon HL, which bring diverse gaming experiences to blockchain users.

What’s Next for Hyperliquid?

A closer look reveals that Hyperliquid is pursuing a vision akin to becoming a “Solana on EVM”, delivering ultra-fast and seamless user experiences while remaining fully compatible with the Ethereum environment.

Instead of building a new Layer 1 blockchain, Hyperliquid leverages its high-performance architecture and custom design to create an EVM environment that excels in speed, latency, and scalability.

Originally launched as a high-performance perpetual DEX, Hyperliquid has since evolved into the foundation for an entire ecosystem, now powering over 100 dApps across key sectors such as DeFi, NFTs, GameFi, AI, and on-chain data infrastructure.

Conclusion

Hyperliquid is no longer just a decentralized exchange. With HyperEVM, the project is building a multidimensional blockchain environment – a space where DeFi, AI, GameFi, and community come together. If this growth trajectory continues, Hyperliquid could well become one of the most critical layers powering the next generation of dApps in Web3.

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