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Weekly Hyper EVM Ecosystem Updates #3

This week's highlights in the HyperEVM ecosystem include multiple DeFi protocols surpassing $1M in TVL and a surge in detailed ecosystem reports. Additionally, HyperSwap, the leading DEX on HyperEVM, has launched its new points program, signaling promising growth potential for the ecosystem's DeFi landscape.

DeFi

  • TVL Highlights:

  • New Launches and Updates:

    • Laminar DEX Goes Live: Community-owned liquidity engine for HyperEVM, launching in alpha with CLMM infrastructure, supporting EVM asset swaps, and converting all revenue to $HYPE without VC.
    • HyperSwap start points program: Rewards active users weekly, hinting at a potential SWAP token airdrop in its secure DeFi platform.
    • MagpieXYZ Integration: MagpieXYZ expanded its presence on HyperEVM, boosting yield opportunities.
    • LoopedHYPE is live: Launched as the first Liquid Looping Token, allowing users to deposit HYPE and earn ~10% APY through an automated looping strategy.

These developments underscore HyperEVM’s growing appeal for DeFi users, with substantial liquidity and innovative protocols driving engagement.

NFT

The NFT space on HyperEVM expanded with a notable launch:

  • Liquina NFT App Goes Live: Liquina introduced its NFT application on HyperEVM, providing a new platform for creators and collectors to engage with digital assets, further enriching the platform’s NFT offerings.

This launch highlights HyperEVM’s potential as a hub for NFT innovation, attracting creators and collectors to its ecosystem.

Infrastructure

HyperEVM’s infrastructure saw significant upgrades and integrations this week:

  • Multi-sig Update: Hyperliquid's multi-Sig feature enhances security for cryptocurrency accounts by requiring multiple private keys to authorize actions, integrating with its zero-gas-fee Layer 1 blockchain for decentralized DeFi trading.
  • Tholos MPC Multi-Sig on HyperEVM: Tholos launched its multi-signature (MPC) solution on HyperEVM, enhancing security for smart contracts and wallets.
  • Squad Protocol Integration: Squad Protocol added support for HyperEVM, improving its interoperability.
  • HyperFrogsNFT Infrastructure: HyperFrogsNFT shared Snapshot tool on HyperEVM.
  • Nansen Analytics Support: Nansen integrated with HyperEVM, offering advanced on-chain analytics.

These enhancements strengthen HyperEVM’s technical foundation, making it more secure, interoperable, and appealing to developers and users.

Community Reports and Analyses

The HyperEVM community remained active, with several insightful reports and analyses published this week:

These reports reflect the growing interest and engagement from the crypto community, offering valuable insights into HyperEVM’s potential and performance.