Supporting HyperEVM Projects and Why It’s Important.

As we approach terminal velocity in gaining "Hyperliquid dominance (~25%)" on Hyperliquid, we recognise how it is important to focus on the things that truly matter; growing Hyperliquid.

Today, Based traders account for ~920m USD trading volume on UBTC on a daily basis (H/T to HyperTracker for data). This showcases the appetite of Based traders for spot trading via Based One trading tools. Our goal is to ensure most of this trading volume ends up in areas that grow Hyperliquid in meaningful ways; Especially HyperEVM.

Thus, Based XP program will be altered to lower incentives on all spot trading markets and focus on HyperEVM graduates (largely resulting from Upheaval's UIP-1). The ~2x boost on spot trading pairs will be removed, and will instead be applied to HyperEVM graduates such as $PUP token, and any future graduates.

We believe that this move will have a small gradual impact of bringing trading volume and interest into HyperEVM runners to build a more conducive environment for builders on Hyperliquid. Volume is king after all, and it is much preferred that volume is directed towards growing HyperEVM projects to grow Hyperliquid ecosystem to greater heights.

Effective changes:

🔸 XP Boosts removed on major spot trading pairs
🔸 Trade $PUP on Spot → Earn 2x XP
🔸 Strengthen activity + trading volume on HyperEVM, benefitting HyperEVM ecosystem projects

By supporting HyperEVM graduates, we are supporting the growth of the Hyperliquid ecosystem. The EVM chain is as important as Hyperliquid - it’s where innovation thrives, where different builders come together, and where the ecosystem can truly scale.

HyperEVM has already grown into one of the fastest-growing EVM chains, with TVL increasing 10x in just 5 months. With our strong reach, we aim to accelerate its growth. Based is Hyperliquid Aligned.

Stay Based.
Hyperliquid

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