This tutorial will introduce HyperEVM and guide you through adding, managing, and using the HyperEVM network in imToken.
Before we begin, let's clarify the relationship between two key concepts: Hyperliquid and HyperEVM.
- Hyperliquid: A decentralized perpetual exchange built on a custom Layer 1 blockchain, designed to offer a high-speed and secure trading environment.
- HyperEVM: The "smart contract engine" for Hyperliquid. It is an execution environment compatible with the Ethereum Virtual Machine (EVM). On HyperEVM, developers can directly deploy and run Ethereum-based applications, greatly expanding the Hyperliquid ecosystem.
Simply put, HyperEVM is a component of the Hyperliquid blockchain that enables smart contract functionality, delivering a rich application experience for users through its high speed and security.
The native token of HyperEVM is HYPE. It is used to pay gas fees on the network, and holders can stake HYPE to help secure the chain and earn staking rewards.
How It Works
HyperEVM's performance derives from its unique technical architecture and consensus mechanism.
HyperBFT Consensus
A proof-of-stake (PoS) consensus mechanism that processes EVM transactions and order-book updates in parallel. This parallelism keeps the network safe and stable even under heavy load.
Integrated Architecture
HyperEVM operates on the same layer as Hyperliquid's core trading functions, such as the order book and liquidity pools. This native integration allows smart contracts to access Layer 1 liquidity and trading primitives directly, without the need for bridges, improving both capital efficiency and application composability.
How to use HyperEVM with imToken
Creating a HyperEVM account
To create a HyperEVM account, navigate to "My Profile" -> "Manage wallets" -> "Add", select "HyperEVM", and confirm. Then, return to the wallet homepage to access your newly created HyperEVM account.
Receiving and transferring funds
In the HyperEVM account, you can click "Transfer" or "Receive" and then perform the corresponding operation.
Receiving
Click "Receive ", share the QR code or copy the address and send it to the other party.
Transferring
Click "Transfer", set the type and amount of token you want to transfer, enter the recipient's address, and then click "Next".
Note: Before making a transfer, please ensure that your account has sufficient HYPE to cover the miner fee.
Experiencing HyperEVM’s ecosystem on imToken
Click "DApp" on the account homepage to view and experience recent popular DApps on HyperEVM.
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For best security on large amounts of crypto, consider our hardware wallet, imKey. imKey also allows users to use the HyperEVM wallet.
Risk Warning: The content of this article does not constitute any form of investment advice or recommendation. imToken does not make any guarantees and promises for the third-party services and products mentioned in this article, nor assume any responsibility. Digital asset investment has risks. You should carefully evaluate these investment risks and consult with relevant professionals to make your own decisions.