BitGo Expands to Hyperliquid Ecosystem with Game-Changing HyperEVM Integration

Institutional crypto custody leader BitGo just bridged into Hyperliquid's ecosystem—bringing enterprise-grade security to one of DeFi's fastest-growing perpetuals platforms.

HyperEVM's native integration means institutions can now access Hyperliquid's leveraged trading with BitGo's battle-tested custody solutions. No more choosing between security and yield.

The move signals growing institutional demand for decentralized derivatives—while traditional finance still debates whether crypto is 'a real asset class.' Meanwhile, BitGo's clients are busy actually making money.

Hyperliquid's trading volume surged 300% last quarter. Now with BitGo's backing, that momentum isn't slowing down.

Because nothing says 'mainstream adoption' like Wall Street funds demanding custody solutions for their degenerate leveraged trades.

Hyperliquid’s growth

HyperEVM is the ethereum (ETH)-compatible smart contract layer of Hyperliquid, key to its decentralized finance traction. Currently, the Hyperliquid L1 has over $2.53 billion in total value locked and more than $5.58 billion in stablecoin market cap.

As interest in DeFi grows, BitGo’s support will allow institutional clients eyeing Hyperliquid to confidently participate in the platform’s ecosystem.

Meanwhile, as crypto.news highlighted on August 26, spot volumes on the platform soared to $3.5 billion on the day, marking a new 24-hour all-time high. 

Notably, the surge to the new peak aligns with a spike in Bitcoin and Ethereum deposits. The milestone sees Hyperliquid rank as the second-largest trading venue for spot BTC on both centralized and decentralized exchanges.

Interest in HYPE as the Hyperliquid ecosystem grows has recently pushed open interest in the altcoin to a new all-time high. As of writing, data from Coinglass showed open interest at $2.17 billion.