The Hyperliquid ecosystem is developing rapidly, with the $HYPE price reaching an all-time high.

Recently, $HYPE broke through $44 to set a new historical high. Since the large-scale operations of a certain investor began, Hyperliquid and its token $HYPE have shed their gloom and opened a new chapter. Against the backdrop of $HYPE's strong performance, the HyperEVM ecosystem is also developing rapidly.

Hyperlend: An Important Component of the HyperEVM Ecosystem

Hyperlend is the only project on HyperEVM that has been officially fully licensed to run the latest code, providing users with lending services. Users can use $HYPE as collateral to borrow, or they can utilize flash loans to execute various strategies.

Hyperlend is positioned as "Hyperliquid Financial Infrastructure", providing foundational liquidity channels, on-chain risk management mechanisms, and collateralized credit limits available for other dApps to access. By simplifying complexity and providing deep, composable liquidity, Hyperlend aims to be the preferred yield layer on Hyperliquid.

Currently, Hyperlend is developing new features for the Hyperliquid ecosystem, such as HLP vault tokenization and innovative services like using perpetual contract positions as collateral.

Advantages and Features of Hyperliquid

Hyperliquid adopts a "transparency first" architecture, where every transaction, fund movement, and settlement is executed directly on-chain, leaving an immutable public audit record. HyperEVM, as the unique execution layer of Hyperliquid, features built-in precompiled contracts and interaction code interfaces, allowing developers to access Hyperliquid's complete order book with a single call.

This architecture brings powerful composability. For example, the BTC-USDC perpetual contract can be opened directly from the smart contracts of HyperEVM and tokenized into assets similar to ERC-721. This design narrows the gap between the verifiability of DeFi and the depth of top centralized exchanges.

The Current Status and Future of the HyperEVM Ecosystem

With the continuous improvement of HyperEVM performance, it is expected to attract more users to participate in trading meme coins and other assets. The Hyperliquid community has a strong cohesion, and in the future, there may be well-known meme coins unique to HyperEVM.

Recently, due to the surge in meme coin trading volume, HyperEVM is facing the issue of rising Gas fees. The Hyperliquid team quickly made adjustments, reducing the block production time from 2 seconds to 1 second to alleviate Gas pressure. This shows that the team is able to actively respond to community needs and continuously improve the system.

Market Performance and Future Potential of $HYPE

Compared to other public chain tokens, $HYPE is currently considered undervalued. If the value of Hyperliquid as an exchange is added to $HYPE, its growth potential could be even greater. Currently, Hyperliquid is repurchasing about $3 million worth of HYPE daily, which amounts to approximately $1 billion in buying pressure annually.

Maintaining this momentum, the market capitalization of $HYPE is expected to reach a remarkable level by the end of this year.