HYPE Update Hyperliquid = HyperCore + HyperEVM。 One of the user feedback after the launch of HyperEVM is that it is not yet intuitive how it adapts to the entire Hyperliquid ecosystem. Therefore, the execution state core component of Hyperliquid is uniformly classified as HyperCore. HyperCore: Contains high-performance native components such as order book perpetual contracts&spot DEX, staking, oracle, multi signature, etc. HyperEVM: A universal world computer where developers can deploy smart contracts and seamlessly interact with HyperCore. Key features: Unified state: HyperCore and HyperEVM share a globally composable state without the need for cross chain bridges, verification proofs, or trusted signers. Unlicensed financial system: Any project can issue tokens, participate in the HyperCore market without approval, and enjoy security and transparency that CEX cannot provide. give an example: 1. Token trading: The XYZ project team deploys ERC20 smart contracts through HyperEVM and launches XYZ trading pairs on HyperCore's spot market without permission. Users can directly conduct XYZ order book transactions on HyperCore without the need for cross chain bridges or deposit/withdrawal risks, avoiding the centralization risk of CEX. 2. Decentralized lending: The loan agreement can be queried for XYZ/ABC prices through the HyperCore order book (by reading precompiled functions). The lending agreement can directly call the smart contract to execute XYZ/ABC transactions during clearing (by writing precompiled functions), similar to the perpetual contract clearing mechanism on HyperCore. These innovative solutions make Hyperliquid a trustless, permissionless, and composable DeFi infrastructure, truly achieving a 10 fold improvement in trading and built on the same chain experience. Chinese Community 👉🏻 https://t.me/hyperliquid_asia Thank you @ chameleon_Jeff and @ xulian'hl