PANews reported on May 20 that the order book-based perpetual decentralized exchange Hyperliquid L1 will support native EVM. The EVM will be enhanced to atomically integrate with native components on Hyperliquid L1, including HIP-1 assets, spot trading, perpetual contract trading, and other DeFi primitives. HIP-1 assets will have atomic transfers with their corresponding ERC-20 contracts, making Hyperliquid L1 the premier platform for building, launching, and trading tokens. Builders can deploy smart contracts using familiar EVM tools and immediately connect to a CEX-like trading experience favored by users. As Hyperliquid L1 matures, users will no longer need centralized exchanges or other blockchains. The testnet is expected to go live in the coming months.