TLDR
- BitGo adds HyperEVM support, boosting institutional DeFi with secure custody.
- BitGo powers up HyperEVM custody, unlocking HYPE access for institutions.
- Institutions gain secure access to Hyperliquid’s DeFi via BitGo custody.
- BitGo now supports HYPE custody, bridging institutional DeFi with HyperEVM.
- BitGo integration brings secure, compliant access to HyperEVM and HYPE
BitGo has officially launched secure custody support for HyperEVM, the Ethereum-compatible layer of the Hyperliquid ecosystem. This integration enables institutional users to access and safeguard assets on HyperEVM, including the native token HYPE. The move expands BitGo’s infrastructure reach into next-generation decentralized finance (DeFi) products.
BitGo Integrates HyperEVM for Institutional Custody
BitGo’s adoption of HyperEVM empowers institutions to manage digital assets through qualified custody and secure wallet services. The platform now supports both cold and hot wallets, offering flexibility for secure operational control. Clients gain access to tools like customizable whitelists and spending limits, reinforcing enterprise-grade security.
HyperEVM compatibility allows developers and institutions to interact with smart contracts on the Hyperliquid ecosystem with minimal technical overhead. BitGo’s infrastructure bridges security with decentralized engagement, enabling seamless access to DeFi tools. Institutions can custody and operate with HYPE while ensuring full regulatory compliance.
Institutions can interact with ecosystem assets and governance tools through decentralized applications. This integration also supports staking, stablecoins, settlements, and real-world assets. BitGo’s backing of HyperEVM opens doors for enhanced institutional participation in DeFi.
Hyperliquid and HYPE See Increased Ecosystem Momentum
The Hyperliquid ecosystem has gained significant traction, driven by HyperEVM’s smart contract layer and robust user activity. HyperEVM fuels growth across DeFi by providing developers and onchain traders with direct liquidity access. Its scalable architecture supports rapid expansion of trading and collateralized financial services.
Hyperliquid Layer 1 holds over $2.53 billion in total value locked, highlighting the protocol’s strength. Additionally, stablecoins on the platform have surpassed a $5.58 billion market cap, boosting liquidity across trading pairs. The growth has attracted platforms like BitGo to offer institutional-level integrations for custody.
The native token of Hyperliquid(HYPE) remains central to the platform’s operations and governance structure. BitGo’s support enhances HYPE’s credibility as an institutional custodied asset. This development complements other recent integrations, including Anchorage Digital’s custody solution for HYPE.
Trading Volume and Market Position Strengthen HyperEVM
Hyperliquid has reached new milestones with surging spot volumes and expanded protocol usage. On August 26, Hyperliquid posted a 24-hour volume of $3.5 billion, setting a new trading record. The volume increase aligns with sharp rises in Bitcoin and Ethereum deposits.
Hyperliquid now ranks as the second-largest trading venue for spot BTC, covering both centralized and decentralized exchanges. With HyperEVM acting as the foundation for smart contract execution, user activity continues to accelerate. HYPE plays a vital role in facilitating these transactions within the HyperEVM environment.
The integration of HyperEVM into BitGo enhances user trust and regulatory alignment for large-scale digital asset participation. Institutions can now access HyperEVM with both operational efficiency and proven security infrastructure. The expansion affirms BitGo’s commitment to supporting high-growth DeFi ecosystems like Hyperliquid.
