Hyperliquid Dual-Layer Architecture Undertaking Cross-Chain

Hyperliquid's core competitiveness lies in its unique high-performance dual-layer architecture: HyperCore, serving as the underlying L1 order book layer, undertakes the task of high-concurrency trade matching; while HyperEVM, as the closely connected EVM-compatible execution layer, provides a programmable ecological soil for developers. According to the document updated by Wormhole on June 5, 2026, the integration of this technology is precisely based on this layered logic. Specifically, Wormhole's native token transfer (NTT) contract will first be deployed on HyperEVM, and then logically linked to the HyperCore order book layer through specific technical pathways.

This design not only achieves the decoupling of cross-chain protocols and high-performance matching engines, but also, through the extension of the on-chain message protocol, reserves standardized technical interfaces for external assets to enter the Hyperliquid spot market. According to on-chain data and related documents from AiCoin, this pathway supports bridging external ERC-20 tokens to Hyperliquid and converting them into spot assets that comply with the HIP-1 standard for direct participation in order book trading. This enhancement of interoperability means that Hyperliquid is evolving from a relatively closed trading environment into an open ecological hub capable of undertaking multi-chain assets through architectural compatibility.

NTT Accessing HyperEVM: Landing Spot for Cross-Chain Tokens

The core landing form of Wormhole on Hyperliquid is reflected in the deep integration of the native token transfer (NTT) technology and the HIP-1 spot token standard. According to the technical document updated on June 5, 2026, this integration pathway requires developers to follow rigorous multi-step guidelines: First, deploy the NTT contract on the EVM-compatible execution layer HyperEVM, and then deploy the corresponding HIP-1 spot token on the underlying L1 order book layer HyperCore, completing the logical linkage between the two. This process is not merely a simple asset transfer; it also seamlessly nests external ERC-20 tokens within the Hyperliquid native trading environment through standardized protocols.

This architectural design enables external assets to enter Hyperliquid's spot market with extremely low friction costs. According to on-chain data from AiCoin, this integration is defined as a key extension of cross-chain activities and interoperability, with its core value being the use of the NTT protocol to ensure the native attributes of tokens during the cross-chain process, while leveraging the HIP-1 standard to allow these assets to directly gain support from order book liquidity. Although the document specifically states that the HyperEVM node software is still in an experimental status, this "NTT+HIP-1" combination paradigm has already provided a clear technological pathway and asset landing standards for multi-chain assets migrating to Hyperliquid. The subsequent market adoption rate and asset liquidity performance of this pathway will become an important indicator for observing the maturity of the Hyperliquid ecosystem.

Project Pathway: From ERC-20 to HIP-1 Spot

From the project team's actual operational pathway, this integration directly opens up the "fast track" for external assets to enter Hyperliquid's spot market. According to the guidance updated by Wormhole, a typical ERC-20 asset wanting to root within the Hyperliquid ecosystem needs to undergo cross-layer mapping from HyperEVM to HyperCore: the project team first deploys the NTT contract on the EVM-compatible execution layer HyperEVM and then associates it with the HIP-1 spot token standard of the L1 order book layer HyperCore through a multi-step process. This "NTT→HIP-1" mode not only simplifies the movement of tokens between different execution environments but also merges cross-chain bridging with the native asset issuance (Token Launch) process.

For small to medium-sized projects or new narrative assets pursuing efficiency, this pathway significantly lowers the technical threshold for accessing a high-performance order book ecosystem, allowing them to leverage Hyperliquid's on-chain liquidity more easily. However, the improvement of technical guidance does not equate to the elimination of compliance and operational risks. Given that the document explicitly notes that the HyperEVM node software is still in an experimental phase, the project team, while enjoying the conveniences of integration, still needs to independently control the security and liquidity management solutions of the assets after they are on-chain. The successful operation of this mechanism signifies that Hyperliquid is evolving from a single trading protocol to a comprehensive L1 ecosystem with asset issuance capabilities.

Risks and Subsequent Observations of Experimental HyperEVM

Although Wormhole has opened up the cross-chain token issuing pathway for Hyperliquid in its June 5, 2026 document update, the robustness of the underlying technology still requires time for verification. According to Wormhole's official documents, the HyperEVM node software is currently clearly marked as "experimental," which means that this execution layer may still face unknown technical risks and stability challenges when handling high-concurrency instructions or complex interactions. Currently, public information about the interaction between HyperEVM and HyperCore mainly focuses on process guidance, lacking large-scale application examples or authoritative third-party audit results to support it. In subsequent observations, the market should focus on the growth in the scale of assets integrated into Hyperliquid, the types of projects migrating to this ecosystem, and whether any security vulnerabilities or integration anomalies arise during actual cross-chain transfers.

Join our community to discuss and get stronger together!
AiCoin exclusive Hyperliquid benefits: https://app.hyperliquid.xyz/join/AICOIN88
AiCoin exclusive Aster benefits: https://www.asterdex.com/zh-CN/referral/9C50e2
On-chain Telegram community: https://t.me/AiCoinWhaleData
On-chain community: https://www.aicoin.com/link/chat?cid=N6OVMor5g
AiCoin on-chain Twitter: https://x.com/aicoinwhaledata

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。