Hyperliquid launched HyperEVM on its layer-1 blockchain and unveiled a bug bounty program offering up to $1 million for security vulnerabilities.
Hyperliquid, a layer-1 blockchain platform, launched a bug bounty program alongside the rollout of HyperEVM, its general-purpose Ethereum Virtual Machine (EVM).
On Feb. 18, the Hyper Foundation, which supports the Hyperliquid ecosystem, launched HyperEVM. Unlike other EVMs, HyperEVM is not a separate chain. Instead, it is secured by the same consensus mechanism as Hyperliquid’s layer-1. According to Hyperliquid, this allows the EVM to directly interact with native components of the layer-1 network.
With this setup, Hyperliquid’s native HYPE token is fungible with the gas token on the EVM. “Ultimately, users will be able to trade a project token with minimal fees and deep liquidity on the native spot order book, and seamlessly use the same asset on applications built on the EVM,” the platform said in a statement.
