Bitget Wallet, a prominent self-custodial crypto wallet, has announced its integration with HyperEVM, a significant development in the decentralized finance (DeFi) space. According to CryptoNews, HyperEVM is an Ethereum-compatible smart contract layer that powers the Hyperliquid Layer-1 blockchain.
The integration allows Bitget’s 80 million users to access the thriving onchain ecosystem of Hyperliquid, known for its deep liquidity and decentralized programmability. This move enables users to perform cross-chain transfers, engage with DeFi applications, and utilize $HYPE tokens directly within the wallet. This positions Bitget Wallet as a crucial bridge between traditional DeFi tools and emerging high-performance Layer-1 networks.
Hyperliquid has rapidly established itself as a leader in the DeFi sector, renowned for its speed and transparency. The Hyperliquid Layer-1 blockchain, powered by HyperCore, is capable of handling spot and perpetual markets with efficiency comparable to centralized exchanges, while maintaining decentralization. The introduction of HyperEVM allows for smart-contract programmability, enabling DeFi protocols to leverage Hyperliquid’s liquidity seamlessly. The $HYPE token plays a pivotal role as the gas, staking, and governance token within this ecosystem.
Recent data highlights Hyperliquid’s impressive traction, with its total value locked (TVL) surpassing $5 billion. This milestone underscores both institutional interest and user confidence in its robust onchain infrastructure.
Hyperliquid has secured its position as a frontrunner in decentralized perpetual futures trading, generating significant daily revenue and commanding a substantial market share. The protocol’s average 7-day trading volume of $56.65 billion accounts for a dominating 67.3% of the decentralized derivatives market.
With over $1.5 trillion in cumulative trading volume and approximately $10 billion in open interest, Hyperliquid’s scale is noteworthy. The integration with HyperEVM marks a strategic shift from solely focusing on derivatives to becoming an “Everything Exchange,” aiming to integrate trading, lending, staking, and tokenized real-world assets within a single, interoperable network.
The HyperEVM integration facilitates seamless cross-chain asset transfers via deBridge, allowing users to earn $HYPE gas-fee rebates and simplifying multi-chain interactions. This update is expected to reduce barriers to DeFi adoption by providing a more accessible and straightforward user experience.
Jamie Elkaleh, Chief Marketing Officer of Bitget Wallet, emphasized the importance of this development, stating, “Our goal is to simplify access to one of crypto’s fastest-growing ecosystems. By integrating HyperEVM end-to-end, we are enabling self-custody users to engage with a high-performance infrastructure covering trading, programmable finance, and cross-chain flows — while preserving the simplicity and security that define our vision. This is about opening the door to the next wave of onchain finance.”
