Overview
- Pump.fun announced Wednesday that its mobile app now lets users buy and sell tokens issued on HyperEVM directly against USDC with near-zero trading fees and referral rewards.
- HyperEVM is the Ethereum-compatible smart-contract layer on the Hyperliquid L1 network that runs alongside HyperCore and uses HYPE as the native gas token, enabling ERC-20 style tokens and smart contracts.
- The company did a phased rollout in the weeks before the full August 26 launch, but it has not disclosed which decentralized exchanges or liquidity sources execute orders or whether the app automatically manages HYPE gas buys and transfers.
- The integration lowers friction for small, frequent meme-token trades but raises risks because HyperEVM has shown occasional gas-fee spikes and Pump.fun’s move beyond Solana expands its technical and security attack surface.
- On-chain metrics give the move commercial weight—DeFiLlama shows roughly $1.59 billion in TVL and substantial 24-hour DEX/perpetual volumes—and the next things to watch are how Pump.fun routes liquidity, how gas costs affect user experience, and whether HYPE price and network load rise with adoption.