Is Hyperliquid EVM compatible?

I'm curious about the compatibility of Hyperliquid with the Ethereum Virtual Machine (EVM). Can you please elaborate on whether Hyperliquid is designed to be compatible with the EVM, and if so, how does it achieve this compatibility? I'm interested in understanding the technical aspects behind it, as well as any potential benefits or limitations that may arise from this compatibility. Additionally, are there any specific use cases or scenarios where Hyperliquid's EVM compatibility becomes particularly advantageous?