HyperEVM is online, bringing what new ecological projects are worth follow?

Today, HyperEVM is finally online! As part of the Hyperliquid expansion, HyperEVM brings a more efficient trading experience to the platform and provides more opportunities for innovative projects in the ecosystem.

This article lists several innovative projects in the HyperEVM ecosystem, showing how they bring new ways and opportunities to users. 1, HyperLend @hyperlendx HyperLend is a decentralized lending platform native to the HyperLiquid ecosystem, offering three different types of lending pools: Core Pools, Isolated Pools, and Peer-to-Peer Pools.

Unlike traditional lending platforms, one of the innovations of HyperLend is allowing users to use HyperLiquidity Provider (HLP) as collateral for borrowing. This opens up new use cases for the HLP token and enables users to earn additional rewards on the Hyperliquid perpetual contract platform. 2, Silhouette @silhouette_ex Silhouette is a decentralized trading environment that is about to go live, aiming to provide private transaction execution while still integrating with the liquidity engine of the Hyperliquid chain. By adopting cutting-edge privacy technologies such as Fully Homomorphic Encryption (FHE) and Secure Multi-Party Computation (sMPC), Silhouette ensures that transaction details are processed efficiently on-chain while maintaining privacy.

Unlike traditional DEXs and current Hyperliquid, Silhouette uses a hidden matching engine to prevent front-running, maximize extractable value (MEV) attacks, and information leakage. It provides a protection strategy for bulk traders, an execution platform for hidden order flow, ensuring competitive pricing and high liquidity while enhancing privacy protection. 3、Unit @hyperunit Unit is a decentralized asset tokenization layer, designed specifically for Hyperliquid, aimed at providing seamless deposit and withdrawal services for various assets. Its first integration allows major spot crypto assets to flow between Hyperliquid and their native blockchains, starting today with support for BTC deposits and withdrawals.

The launch of Unit provides users with the following features: • One-click native deposit and withdrawal: Users can directly deposit or withdraw BTC (ETH and SOL will also be supported in the future) through self-hosted wallets or centralized exchange accounts. • Unified trading experience: Users can trade spot and derivatives on the same platform. • New capital inflow channel: Supports direct transfer from any native chain to spot, which can be exchanged into USDC after selling. 4、Kinetiq @kinetiq_xyz Kinetiq is a liquidity staking protocol that allows users to deposit their HYPE tokens into the protocol and receive an equivalent amount of liquidity staking tokens - kHYPE. Kinetiq distributes the HYPE deposited by these users to multiple validating nodes, but not simply in an average distribution, but rather using a scoring system to assess the performance of these validating nodes.

The core goal of this system is to ensure that the verification nodes remain online and operational at all times. If a verification node does not meet the standards, Kinetiq will transfer the HYPE allocated to that node to other nodes with better performance. This design not only optimizes the security of the network but also encourages verification nodes to improve their operational quality, ensuring the health and stability of the liquidity staking process. 5. Felix @felixprotocol Felix is a stablecoin protocol based on the Liquity v2 code, issuing over-collateralized stablecoin feUSD. Users can mint feUSD by pledging Hyperliquid assets (such as HYPE, PURR), as well as BTC, ETH, and SOL. Felix maintains the 1:1 pegged price of feUSD through a redemption mechanism, allowing users to redeem equivalent collateral at any time. If the feUSD price deviates from the target, arbitrageurs can help restore its stability through the redemption mechanism. In addition, Felix also provides a ‘Stability Pool’ where users can deposit feUSD to earn yields and earn rewards by participating in the liquidation process.

From private transactions to asset tokenization, these new projects not only enrich Hyperliquid’s capabilities, but also bring more possibilities to DeFi. In the future, will HyperEVM continue to attract more innovative projects and bring stronger ecological vitality? What do you think, welcome to leave a message.