Pump.fun expanded beyond Solana by integrating HyperEVM token trading, allowing users to execute trades against USDC directly through its application on Aug. 26. The move marks a calculated bet on Hyperliquid's scaling infrastructure.
Users can execute HyperEVM token trades with near-zero fees and claim rewards through referral and "callout" features. Pump.fun has not disclosed which decentralized exchanges or liquidity sources handle order routing, nor specified whether its interface manages HYPE gas requirements automatically or requires users to hold it separately.
HyperEVM functions as Hyperliquid's Ethereum-compatible smart-contract layer, running parallel to HyperCore, which powers the native spot and perpetual order books. Assets move freely between the two environments, enabling DApp interactions across the network. HYPE serves as the gas fee token on HyperEVM.
The integration leverages native USDC on HyperEVM, which can bridge directly into HyperCore's order-book system. Circle deployed native USDC and its Cross-Chain Transfer Protocol V2 on HyperEVM in September 2025, then expanded USDC support across Hyperliquid in May 2026 as collateral and liquidity infrastructure.
Hyperliquid's metrics show real momentum: DeFiLlama reported $1.59 billion in total value locked as of Aug. 27. Perpetual futures volume hit $76.12 billion over seven days, with DEX volume reaching $3.68 billion in the same period. The network processed roughly 650,000 transactions daily with 22,600 active addresses and 5,700 new addresses. USDC supply on Hyperliquid stands at approximately $6.75 billion, anchoring the ecosystem's liquidity.
Pump.fun's previous focus was Solana-based meme coin launches. This expansion targets existing HyperEVM tokens for trading only—no immediate plans exist to enable new token launches on the network through its creation tools.
