

HyperEVM has quickly risen to become one of the most talked-about new chains in crypto. Why all the hype? In short: high performance, scalability, yields, potential airdrops, and a seamless integration with HyperCore, which gives the ecosystem unparalleled access to billions in liquidity.
The HyperEVM ecosystem is expanding fast, with new opportunities popping up almost daily. In this article, we’ll break down what HyperEVM is, how to bridge over to use it, and which protocols are making waves.
is a high-performance, EVM-compatible execution layer built directly on top of Hyperliquid. Unlike an L2, sidechain, or separate network, HyperEVM runs within Hyperliquid’s Layer 1, benefiting from Hyperliquid’s fast infrastructure and consensus mechanism.
HyperEVM uses Hyperliquid’s native HyperBFT consensus for security. This means the same validators and infrastructure that power Hyperliquid’s order-book exchange are also securing HyperEVM. This gives the flexibility of Ethereum dApps while combining it with the speed and blockchain scalability of Hyperliquid’s core engine. In short, HyperEVM is fast, secure, and fully interoperable with Hyperliquid’s ecosystem.
For users, this means they can trade on Hyperliquid’s order book and use HyperEVM decentralized finance (DeFi) apps without much hassle. For developers, any Ethereum-based application can be ported over to HyperEVM relatively easily, tapping into Hyperliquid’s liquidity and community.
Since its launch in early 2025, HyperEVM’s growth has been nothing short of explosive. The ecosystem’s Total Value Locked (TVL) has rocketed to around $1.8 billion (and climbing), placing HyperEVM in the top 10 of all chains by TVL. This rapid growth shows real traction and interest from users and liquidity providers.
HyperEVM TVL: Up and to the right. Source:
DeFiLlamaWhat’s driving the hype? HyperEVM offers fast and cheap transactions thanks to Hyperliquid’s tech. But another big draw is the many opportunities – many new protocols on HyperEVM are offering incentive programs (like point programs) for early users, fueling speculation about potential airdrops. In other words, degens see opportunities, and they’re jumping in to farm high APRs, points, and a potential second Hyperliquid airdrop.
How can you get in on this? First, you’ll need to bridge some funds over to HyperEVM. Let’s walk through that process.
Before you can explore the HyperEVM ecosystem, you need some funds on HyperEVM.
Jumper Exchangeis the perfect way to bridge your assets to HyperEVM. Jumper enables you to bridge any asset from any of the supported chains to any asset on HyperEVM.
Here’s how to get started:
Open Jumper Exchange and connect your wallet.
Choose the source-chain and asset from which you want to bridge to HyperEVM. Jumper will automatically figure out the most optimal route for you.
Jumper currently supports transactions to HyperEVM from most EVM chains, including Ethereum, Optimism, Arbitrum, Unichain, Ink, Berachain, and Base, as well as Solana. More chains are coming soon.
Double-check the details (source, destination, amounts) and then confirm the transaction in your wallet. Jumper will handle the rest and your assets will be bridged to HyperEVM in no time.
Now that your funds are on HyperEVM, you’re ready to explore the ecosystem. Let’s check out some of HyperEVM’s most popular protocols and what they offer.
HyperEVM’s ecosystem is still relatively young, but it’s growing fast. New protocols are launching almost daily, bringing all the familiar DeFi legos to HyperEVM. Many of these projects are also running incentive programs (like point programs) to reward early users. Below, we highlight a few of the top protocols on HyperEVM that you might want to check out first. These are where a lot of the onchain liquidity has flowed so far, and they offer everything from lending and borrowing to yield farming. Let’s jump in:
is the premier money market on HyperEVM. HyperLend provides secure, transparent, and highly liquid financial services.
It’s a lending and borrowing platform designed for maximum efficiency and deep liquidity. You can supply assets to earn interest, or borrow assets if you need liquidity, using your deposits as collateral.
HyperLend aims to become the equivalent of modern banking infrastructure, with better transparency and stronger foundations.
By the numbers:
HyperLend currently has the highest TVL of any protocol on HyperEVM, with over $350M deposited (according to DeFiLlama). That makes it the backbone of HyperEVM’s DeFi right now.
If you want to earn yield on your assets, HyperLend offers various opportunities. For example, you can deposit stablecoins like USDT0 and earn just for lending them out. If you’re a true degen, you can deposit $wstHYPE (a liquid staking derivative of Hyperliquid’s HYPE token) and borrow HYPE against it in a looping strategy — essentially leveraging your HYPE to earn extra yield.
Current Yields:
On top of the yield, HyperLend rewards users with points for interacting with the protocol. That means every time you lend or borrow, you’re not only earning yield but also accumulating HyperLend points.
HyperLend is a great place to start if you’re on HyperEVM, either to park some stablecoins for passive yield or to borrow assets to use elsewhere in the ecosystem. Just remember to watch your collateral ratios if you borrow (you don’t want to get liquidated!).
is another key player in HyperEVM DeFi. It’s a suite of on-chain borrowing and lending products with a slightly different approach than HyperLend. Felix’s mission is to let anyone unlock liquidity or earn yield in a secure, low-friction way. Think of Felix as two protocols in one, offering both a CDP stablecoin and traditional lending markets.
Felix currently provides two core primitives:
By the numbers:
Felix currently holds an impressive $323M in TVL (according to DeFiLlama)
If you participate in Felix’s stability pool, you can earn a pretty attractive APY paid in a mix of feUSD and other rewards (like HYPE or uBTC) to compensate you for helping secure the system. That yield comes from the borrowing interest paid by CDP users and any liquidation penalties distributed to the pool.
On the vanilla lending side, rates vary by asset, but supplying major assets will get you a baseline yield.
Current Yields:
Felix also gives users points for using the platform, just like HyperLend.
is the first native DEX on HyperEVM. While Hyperliquid’s L1 has its own built-in order book exchange for major assets, HyperSwap serves as the Uniswap-style AMM for the HyperEVM side. It enables swapping and liquidity provision for tokens within the HyperEVM ecosystem.
HyperSwap’s vision is to bring the essentials of DeFi onto the HyperEVM chain and provide permissionless and efficient tools for the ecosystem users.
By the numbers:
HyperSwap currently holds $103M in TVL (according to DeFiLlama)
HyperSwap supports both standard pools (Uniswap v2; simple token pairs) and concentrated liquidity pools (Uniswap v3; provide liquidity in a specific price range). By adding liquidity to pools, users earn a portion of swap fees + HyperSwap points.
Current Yields:
By using HyperSwap and providing liquidity users earn HyperSwap Points. HyperSwap frequently highlights certain pools with dual incentives from partners. For example, providing liquidity to pairs like HYPE/XAUt0 or feUSD/USR earns users points from both HyperSwap and the partner protocol (such as HypurrFi or Resolv).
brands itself as a leveraged lending marketplace enabling “clean leverage loops.” In practice, HypurrFi lets you borrow and redeposit to maximize yield.
The protocol is also home to $USDXL, a native stablecoin that’s hybrid-backed. When HypurrFi earns revenue (from fees or interest), it uses part of that to acquire yield-bearing assets as additional collateral for $USDXL. This means that $USDXL isn’t just backed by user deposits, but also by a growing treasury of yield assets.
By the numbers:
HypurrFi has $174M in total value locked at the time of writing this article (according to DeFiLlama)
HypurrFi offers simple ways to earn yield on your assets by lending them. For example, you can deposit stablecoins like USDe and earn over 6% APY just for lending them out. Another way to earn yield through HypurrFi is through their vaults. The only available vault right now is the Staked USDXL Vault. It directs 50% of all USDXL revenue to stakers and pays above market rate yield.
Current Yields:
Similar to the other protocols, HypurrFi gives out points to users who interact with the protocol. By looping, lending, borrowing, and depositing into the vaults, you’ll earn HypurrFi points.
Last but not least,
HyperBeat. It’s a community-driven DeFi hub that’s doing a bit of everything: running infrastructure, aggregating yields, offering lending, and even liquid staking. HyperBeat was born from within the trenches and is entirely self-funded. Their ethos is to build high-performance nodes and DeFi services for Hyperliquid in a way that aligns with the community.
HyperBeat currently offers three core products:
By the numbers:
HyperBeat TVL sits at $125M (according to DeFiLlama)
HyperBeat is one of the best places for maximizing your yields on HyperEVM. For instance, their Hyperbeat USDT Vault is currently earning around 11% APY for depositors. They achieve this by spreading user deposits into multiple strategies. It might deposit some into HypurrFi, some into Felix or HyperLend, some into other farms like Ethena or Resolv, and aggregates the returns.
Current Yields:
When depositing into a HyperBeat vault, you not only earn the yield from all those protocols, you also rack up their points plus HyperBeat’s own “Hearts”. For example, the HyperBeat USDT vault is farming on HypurrFi, Hyperswap, Ethena, and Resolv simultaneously, so you’ll accumulate points from all of those platforms, and HyperBeat rewards you with Heart points on top. It’s like a points farming multiplier – one deposit, many rewards.
HyperEVM’s ecosystem is just getting started, but it’s already delivering on the hype. With new protocols launching every day and growing adoption, HyperEVM is on track to become a major player in the DeFi space. Whether you're looking to lend out stablecoins for steady yield, ape into new farms, trade memes, or position yourself for potential airdrops, HyperEVM offers something for everyone.
Ready to jump into HyperEVM? Start by bridging your assets to HyperEVM via
Jumper Exchangeand explore its DeFi ecosystem today!
Hyperliquid.
Disclaimer: This article is only meant for informational purposes. We encourage you to do your due diligence before using or buying tokens of any protocol mentioned. This is not financial advice.
