The launch of HyperEVM, Hyperliquid’s Layer 1 blockchain, has opened the door to a growing number of on-chain opportunities—from airdrop hunting and yield farming to advanced DeFi strategies. As the ecosystem matures, smart investors are exploring how to maximize both profits and long-term positioning. This guide breaks down how HyperEVM works and what strategies you can use to capitalize early.
HyperEVM: Deep Integration at the Core
Compared with sidechains or rollups, HyperEVM is integrated directly at Layer 1, congruent with Hyperliquid’s foundation trading layer in consensus, blocks, and gas mechanics.
This unified architecture eliminates friction points like fragmentation of liquidity, bridging lag, and cross-app latency. Everything dApps, trades, and smart contracts run on a single node network—with a seamless, efficient DeFi experience.
This structure also enables composable financial strategies. For example, a lending platform on HyperEVM can accept assets from the spot DEX as collateral without any wrapping or bridging. That unlocks real yield strategies like margin farming, leveraged staking, or collateral looping—inside a single, capital-efficient system.
Key dApps on HyperEVM
Here are three early pillars of the ecosystem that illustrate Hyperliquid’s tightly-focused expansion:
1. HyperSwap – The Native Spot DEX
HyperSwap is an AMM for spot token trading and listing newer assets not yet supported on Hyperliquid’s order book. With a current TVL of ~$102M, it may look modest, but its volume tells a different story: $2B traded in just four months, and over $860M in the last 30 days.
This confirms HyperSwap’s role: not as a liquidity sink, but as a high-throughput access point to route external capital into Hyperliquid via airdrop farming and spot trading.
2. StakeHyper – Liquid Staking for HYPE
StakeHyper is HYPE’s inbuilt staking service. HYPE is staked in order to gain a reward of around 2.1% APR per annum and indirectly contribute towards security for the network, as gas on HyperEVM is paid in HYPE.
Portions of gas fees are burned, while the remainder are redistributed among stakers. That is a means of controlling protocol-level inflation rather than incentive emissions.
With 11.4 million HYPE staked and $465M TVL, StakeHyper lays the revenue groundwork for advanced DeFi strategies.
3. HyperLend – Native Lending Protocol
With a TVL of ~$350M, HyperLend is HyperEVM’s second-largest lending protocol behind Hyperliquid DEX. It allows borrowers to take out stablecoins collateralized by native coins while powering internal leveraging schemes such as margin farms and collateral stackings.
Its seamless interoperability with perp DEX allows for unique strategies such as borrowing USDC in order to long perps or collateralizing perp PnL while still not having to leave the chain.
These three apps come together for the infrastructure base: spot trading, staking, and lending—creating a synergy for advanced on-chain farming.
Farming Strategies on Hyperliquid
While Hyperliquid is immature compared to veteran Layer 1s, youthfulness is a quality. There is early adopter potential for a combination of real yields, points programs, and potential airdrops.
Here are two farming strategies in an attempt to harness today’s ecosystem:
Strategy 1: Delta-Neutral Loop with Compounding Yield (42.78% APY)
This is an advanced method best reserved for DeFi-native users familiar with wallet handling as well as yield stacking.
Step 1: Bridge Assets to Hyperliquid
Use Hyperunit to earn in cryptocurrencies like SOL, ETH, BTC, or FART. To use other coins just use HyBridgeHL for direct HyperEVM deposits.
Step 2: Neutralize HYPE Price Exposure
Replace all assets with USDC. Divide the USDC in half:
- Use 50% to buy HYPE (spot)
- Use 50% to short HYPE (1x leverage) on Hyperliquid perps
This establishes a delta-neutral position, which shields you against price fluctuations while you accumulate points within the perp DEX.
Step 3: Stake and Loop
- Bridge the HYPE spot to HyperEVM and stake it on HyperBeat, receiving stHYPE
- Use stHYPE as collateral to borrow more HYPE via Sentiment
- Stake again to get more stHYPE
- Loop through Hyperdrive, Hypurr, and finally lend remaining HYPE on HyperLend
This loop creates compounding yield while maintaining neutral exposure, earning up to 42.78% APY across staking, lending, and points from multiple protocols.
Strategy 2: Simple and Safe (27.5% APY)
A beginner-friendly strategy with minimal steps and decent returns.
Step 1: Build Dual Neutral Exposure
- Bridge to Hyperliquid and convert funds to USDC
- Allocate:
- 25% to buy BTC (spot), 25% to short BTC (1x)
- 25% to buy HYPE (spot), 25% to short HYPE (1x)
This creates dual delta-neutral positions, protecting against market swings.
Step 2: Stake and Lend HYPE
- Bridge HYPE spot to HyperEVM
- Stake on HyperBeat to get stHYPE
- Lend stHYPE on HyperlendX
This earns 27.5% APY, with no complex loops, and qualifies for points on Hyperliquid Season 3, HyperEVM, and partner airdrops.
Conclusion: Real Yield and Real Opportunity on HyperEVM
HyperEVM is not trying to be the next Ethereum. It’s building something different—a tightly integrated Layer 1 optimized for capital efficiency, deep liquidity, and composable financial strategies. The architecture favors serious DeFi users who want to do more than farm and dump.
With the rise of HyperSwap, StakeHyper, and HyperLend, the pieces are in place. Early users who understand how to layer their positions can earn real yield now and position themselves for potential airdrops later.
If you’re looking for serious farming opportunities in 2025, HyperEVM should be on your radar.
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