Hyperbeat

hyperEVM has was never meant to be a general purpose EVM for HYPE defi hyperEVM was meant to be a general purpose EVM for composing with hypercore if a smart contract does not use corewriter or read precompiles, it should not be on hyperEVM because hyperEVM is an awful general purpose L1 due to the 3M gas limit the problem with this is 1) corewriter/precompiles docs are abysmal, as per HL tradition, so no one knows how to build with them more than that, because system address transfers are not atomic (swapping one hyperEVM token to another hyperEVM token via corewriter is 4 corewriter txns), corewriter swaps are almost always worse than swapping on an AMM so, while in principle AMMs should have no place on hyperEVM, corewriter is just not a good enough replacement this is why fully onchain spot orderbooks are much more power on general purpose chains (like @ArcherExchange_ on @solana) than on appchains, like hypercore so far, the only successful application of corewriter has been for LSTs by @Kinetiq_xyz and later @ValantisLabs and the only attempt at using read precompiles I’ve seen is @izebel_eth’s @papertrade_xyz 2) hyperEVM has been and is grossly neglected by the HL foundation this is either because they were just busy with HIP-3/4 and portfolio margin, or they just don’t care about hyperEVM I was of the opinion that it’s the former for a long time, then I became convinced in the latter as hyperEVM completely died, but @chameleon_jeff’s discord message today suggests it’s the former again maybe after HIP-4 takes off and portfolio margin exits alpha, they’ll turn their attention to corewriter, or maybe they’ll put it off again to do options or block trades ultimately, corewriter required TLC from @HyperliquidX to improve the devex and incentivise builders and adventurous smart contract builders, like those of @AndreCronjeTech’s ilk from defi summer 2020 unfortunately, smart contract experimentation has largely died after 2021 and I can’t see much appetite for it in the future with mythos in the wild

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