Comparison of Cryptocurrency Exchanges: EVEDEX vs. Hyperliquid | HackerNoon

EVEDEX vs. Hyperliquid: Features, Technologies, and Capabilities

In the world of decentralized finance (DeFi), the EVEDEX platform and the Hyperliquid exchange represent two innovative solutions, each offering unique features and benefits for users. Let’s take a closer look at the key characteristics of each to understand how they differ — and which one might best suit your needs.

About the cryptocurrency exchange Hyperliquid

The Hyperliquid project has developed a high-performance Layer 1 blockchain, optimized from the ground up. According to the Hyperliquid platform, its goal is to create a fully on-chain open financial system, where user applications seamlessly interact with native components without compromising usability or speed.

The Hyperliquid L1 blockchain delivers high performance sufficient to support an entire ecosystem of decentralized financial applications without limitations. All orders, cancellations, trades, and liquidations are processed transparently on-chain with block times under one second. Currently, the network is capable of handling up to 100,000 orders per second.

HyperBFT

The Hyperliquid L1 blockchain is secured by the HyperBFT algorithm—a modified version of the HotStuff consensus protocol. HyperBFT is based on HotStuff, a Byzantine Fault Tolerance (BFT) algorithm (also used in Libra/Diem), which ensures the security and fault tolerance of the network. This means that even in the event of system failures or malicious actions by individual nodes, the BFT algorithm prevents them from disrupting the network, as the remaining nodes confirm the correct data. As with most blockchains using Proof-of-Stake (PoS), blocks in Hyperliquid L1 are produced by validators in proportion to the amount of native tokens they have staked.

The Hyperliquid L1 network includes both native financial components and support for the Ethereum Virtual Machine (EVM), enabling developers to deploy smart contracts and DeFi applications on the Hyperliquid blockchain.

Native Financial Components of Hyperliquid L1

The Hyperliquid platform states that their developed blockchain, Hyperliquid L1, includes native financial components built directly into the network. Their goal is to make trading fast, convenient, and secure.

• One of the key elements is the margin trading system, which allows traders to use leverage, increasing potential profits while also raising the associated risks.
• Another important component is the matching engine, which instantly finds suitable buy or sell orders, ensuring efficient trading.

The main difference between Hyperliquid and traditional exchanges lies in the abandonment of centralized order books— all transactions are processed directly on the blockchain, making trading transparent and secure.

How were the latencies reduced?

Hyperliquid L1 uses the HyperBFT consensus algorithm, designed for the fastest transaction processing. In practice, this means that the average time between order submission and its confirmation is 0.2 seconds. In 99% of cases, processing takes no more than 0.9 seconds. As a result, users receive instant updates in the interface, and traders can effectively automate their strategies, comparable to the level of centralized exchanges.

What is Hyperliquid’s throughput?

According to the development team, the blockchain is currently capable of processing up to 100,000 orders per second, which significantly exceeds most traditional DEXs. The system is designed with the capability to scale up to millions of orders per second. Currently, the main bottleneck remains trade execution, but there are future plans to optimize and better serve the network’s demands.

Staking

In HyperLiquid L1, staking HYPE is the process of freezing tokens to support the blockchain’s operation and earn rewards. The network uses Delegated Proof-of-Stake (DPoS), allowing users to delegate their tokens to validators who participate in block creation and receive rewards. The annual yield depends on the total amount of staked HYPE. For example, with 400 million HYPE staked, the reward is approximately 2.37% annually. Reward payouts occur daily and are automatically reinvested (compounding).

HYPE tokens can be transferred to a staking account, similar to a bank deposit. Users can delegate their stake to validators—nodes responsible for confirming transactions and maintaining the network. Validators receive rewards for block creation and share the profits with delegators. To participate in block creation, a validator must stake a minimum of 10,000 HYPE. The staked tokens can be unlocked after 1 day and withdrawn at any time. Transfers from spot account to staking account are instantaneous, while the reverse transfer takes 7 days, which helps to protect the network from attacks.

The consensus in HyperLiquid L1 is based on the HyperBFT algorithm. To confirm transactions, a quorum is required, where more than ⅔ of validators must support the block. Each batch of transactions undergoes voting among validators, and the list of active validators is recorded every 100,000 rounds (~30 minutes on the mainnet). In case of rule violations, two types of penalties are applied: Jailing – the validator is locked for slow transaction processing or frequent round misses, with the decision to lock made by voting among other validators; Slashing – fines for intentional manipulations, such as double signing blocks.

What is HyperEVM and how is it different from the regular EVM?

HyperEVM is an Ethereum Virtual Machine (EVM) integrated directly into the Hyperliquid L1 blockchain. Unlike other EVM-compatible solutions, HyperEVM is not a separate network but is embedded within the blockchain itself. This allows it to be secured by the same consensus mechanism, HyperBFT, as the rest of the network. As a result, EVM contracts can interact directly with Hyperliquid’s native components, including the order books of both the spot and perpetual markets.

In traditional EVM blockchains, such as Ethereum or BSC, users need to send tokens to liquidity pools on decentralized exchanges, pay swap fees through AMM pools (e.g., Uniswap or PancakeSwap), and often use bridges to transfer assets between applications. In HyperEVM, this process is significantly simplified: instead of using external DEXs, token trading occurs through an integrated order book with deep liquidity. This reduces fees and eliminates the need for complex AMM-based swaps.

Another advantage of HyperEVM is the instant integration of tokens into decentralized applications (dApps) running on the network. Users can immediately use tokens in smart contracts, trade on the spot market, and interact with DeFi applications without any additional steps or conversions. This ensures minimal fees, high throughput, and ease of working with assets.

Currently, HyperEVM is in the active testing phase and has not yet launched on the mainnet.

The work of a Bridge:

A Bridge is a tool that allows users to move assets between the Hyperliquid blockchain and other EVM-compatible networks, such as Arbitrum and Ethereum. Unlike most traditional bridges, the Hyperliquid Bridge is controlled by the network’s validators rather than third-party services, enhancing its decentralization and security.

The asset transfer process is structured as follows: the user sends the funds, and then the network validators sign the transaction. Once more than ⅔ of the validators confirm the operation, the funds are deposited into the wallet on the Hyperliquid network. When withdrawing assets from the network, the mechanism works similarly: the user’s funds are frozen in Hyperliquid to prevent double-spending, then the validators sign the withdrawal transaction. After the user confirms the final EVM transaction, the bridge completes the transfer of funds to the specified address.

The system is also protected against fraudulent activities. If someone attempts to withdraw more than what was deposited, the validators can halt the operation for verification. In case of suspicious activity, the bridge is locked, and confirmation from ⅔ of the validators using cold wallets is required to unlock it.

Another feature of the Hyperliquid Bridge is the absence of the need to pay gas fees on the Arbitrum or Ethereum networks. Instead, users pay a fixed fee of 1 USDC on the Hyperliquid network, which is used to reward the validators.

The security of the bridge has been audited by Zellic. Its source code is open and available on Hyperliquid’s GitHub.

API servers

API servers in Hyperliquid L1 are intermediary nodes that provide users with access to the blockchain, allowing them to submit transactions and retrieve market data. They do not participate in block validation but act as intermediaries, transmitting requests from clients to the network nodes and vice versa.

API servers in Hyperliquid L1 operate in a permissionless manner, meaning that any user with access to an RPC node can deploy their own API servers for load balancing and scalability. This helps to increase the network’s throughput by allowing an unlimited number of servers to be run for even traffic distribution. Additionally, this architecture provides protection against DDoS attacks, similar to how sentry nodes function in other blockchains, preventing network overload. An added benefit is flexibility—traders can automate their trading through the API, just as they do on centralized exchanges.

HyperLiquid offers two types of APIs for working with data: REST API and WebSocket API. The REST API operates on a request-response model and is used for retrieving data and performing one-time operations. The WebSocket API transmits real-time updates, which is particularly useful for trading and market analysis, as it allows users to instantly receive information about prices and order statuses. These solutions, combined with HyperLiquid’s flexible API system, enable trading automation, efficient server scaling, and network overload protection.

Perps Clearinghouse

The Perpetual Contract Clearinghouse (Perps Clearinghouse) is a crucial component of the Hyperliquid L1 exchange system. Its primary function is to manage users’ margin balances, track positions, and ensure the overall stability of the trading platform.

Hyperliquid L1 implements two types of margin trading: Cross Margin and Isolated Margin. Cross margin uses a single pool of funds for all positions, allowing the system to cover losses from the overall balance. In isolated margin, each position has its own margin, reducing the risk of one trade affecting others, but making individual positions more vulnerable to liquidation.

Clearinghouse also manages spot trades, similar to perpetual clearing. Perpetual clearing handles margin and futures trades, while spot clearing manages token balances and their holdings. This division allows Hyperliquid to efficiently manage risks and provides traders with flexibility in managing their assets and margin.

Oracle in HyperLiquid

An Oracle is a mechanism that publishes current asset prices on the blockchain every 3 seconds. This data enables the exchange to accurately calculate trading prices. In Hyperliquid L1, Oracles publish spot prices for each perpetual asset every 3 seconds.

Each validator calculates the weighted median of prices from the largest exchanges: Binance (weight 3), OKX (weight 2), Bybit (weight 2), Kraken (weight 1), KuCoin (weight 1), Gate.io (weight 1), MEXC (weight 1), Hyperliquid (if the asset has sufficient liquidity). If an asset is mainly traded on Hyperliquid, external sources are not used until liquidity reaches the required level. Hyperliquid oracles use data from multiple exchanges, ensuring reliable and accurate prices for margin trading, liquidations, and risk management.

Order Book

An order book is a list of buy and sell orders for cryptocurrency, showing who wants to buy or sell an asset and at what price. In Hyperliquid L1, it operates in the same way as on centralized exchanges (CEX), but in a decentralized environment.

When a user places an order, it is added to the order book if its price matches the tick size and the volume matches the lot size. All orders are executed based on the “price-time” priority: the best-priced orders are executed first, and if multiple orders have the same price, the one placed earlier is executed first. When an order is executed, the system checks the margin to ensure the user has sufficient funds for the trade. If the margin is sufficient, the order is executed, and the user’s balance is updated. All data is sent to the clearinghouse, which manages positions and monitors risks.

The feature of the order book in Hyperliquid is that it allows trading just like on CEX, but without intermediaries (and thus without the risk of losing control over funds). All margin trades undergo checks to prevent liquidation issues. Even if the oracle price changes after an order is placed, the system ensures correct execution.

Multi-sig

Multi-sig is a security feature that allows multiple users to jointly manage a single account. In Hyperliquid L1, this function is integrated directly into the blockchain and operates without smart contracts, making it faster and more secure. The owner can add or remove users by sending a new multi-sig request. There is also the option to revert the account to a standard mode by removing all authorized users.

Multi-sig provides additional security, making it ideal for teams, funds, and large traders who want to protect their assets from fraud and hacks. The user can configure any signature rules (e.g., 3 out of 5). Additionally, one user can be both a multi-sig user and an authorized user for another multi-sig account. A single user can be an authorized user for multiple multi-sig accounts. The maximum number of authorized users for one multi-sig account is 10.

What are Vaults in Hyperliquid?

Vaults in Hyperliquid are a tool for passive income. Users deposit funds into a vault, which then uses the deposited assets for automated trading strategies. After profits are generated, users receive a share of the trading profits, while the creator of the vault receives 10% of the total profit (unless it is a protocol vault). Regular users, DAOs (decentralized organizations), crypto-protocols, investment funds, and large companies can invest in Vaults.

Unlike regular DeFi vaults, where funds just sit and are swapped between tokens, in Hyperliquid Vaults, the money actively participates in trading, including liquidations, market-making, and futures.

Protocol Vaults

Hyperliquidity Provider (HLP) is a protocol vault that engages in market-making and liquidations, as well as receiving a share of trading fees. HLP provides access to strategies that are typically available only to large players on other exchanges. The community can invest liquidity in the vault and share profits and losses (PNL). HLP does not have additional profit distribution for vault owners; it is entirely owned by the community.

For Vault Leaders

Hyperliquid allows the creation of a vault. To create a vault, 100 USDC is required. Vault leaders receive 10% of the profits for managing the vault.

The Points program during the testnet

The Points program in Hyperliquid started on November 1, 2023. Every week, 1,000,000 points were distributed to users over a period of 6 months (until May 1, 2024). The points were designed to reward users who contributed to the development of the protocol. Partners (affiliates) received 1 point for every 4 points earned by their referrals. The criteria for point distribution were periodically updated. Points were calculated based on weekly activity, ending on Wednesdays at 00:00 UTC, with distribution occurring on Thursdays. Points were also awarded for the closed alpha testing period (until October 31, 2023).

The points accumulation phase on L1 began on May 29, 2024, and ended in November 2024. Each week, 700,000 points were distributed. Activity during the period from May 1 to May 28, 2024, received a multiplier (increased accrual rate).

Referral program

Hyperliquid offers a referral program for users whose trading volume exceeds $10,000. After joining the referral program, users will receive 10% of the trading fees from referred users (minus their discount). Referral bonuses are valid up to the first $1 billion in trading volume generated by the referred user, while the referral discount applies up to $25 million in trading volume generated by the referred user.

Currently, Hyperliquid does not have an affiliate program.

Н2: About EVEDEX cryptocurrency exchange

According to the development team, the main goal of EVEDEX is to provide the same wide range of functions as centralized exchanges (such as Binance, Bybit, OKX and others), but with greater security (due to the absence of KYC procedures) and more transparent trading rules. To achieve these goals, a hybrid solution was developed that combines the best aspects of CEX and DEX, maximising speed and security for users.

It was important for the EVEDEX team to create a platform that does not use ‘hot’ or ‘cold’ wallets and does not have direct access to users’ funds. With this approach, if the exchange is hacked or shut down, users should not have to worry about the safety of their funds, as they will have the ability to recover them. All contracts should be public and audited by auditors. Order matching should take no more than 100 milliseconds and settlement should be completed within 2 seconds. In addition, commissions should be minimised and the platform should remain simple and user-friendly for beginners and advanced users alike.

Selecting Rollup

Rollup technologies work in parallel with the Ethereum network, recording transactions to the main network, where they are also verified. Today, they are considered one of the most secure solutions, allowing users to withdraw funds even in case of technical issues. Rollup is divided into two types – Optimistic Rollups and ZK-Rollups. Both have proven to be efficient and secure technologies with relatively low integration costs.

Optimistic Rollups bundle transactions into packets and write them in a compressed form, reducing the cost of writing because the transactions are not executed directly on the Ethereum network. These transactions are initially deemed correct, but there is a challenge period during which errors can be detected. If no challenge occurs, the transactions are fixed on the network. ZK-Rollups, on the other hand, use cryptographic proof-of-transaction that is confirmed immediately upon recording, eliminating the need to wait. However, this process is computationally intensive, especially when validating general-purpose transactions for EVMs.

The EVEDEX team noted that both solutions meet the needs of the exchange, but ZK technologies are still under active development and require significant infrastructure costs, so Optimistic Rollups turned out to be the most suitable solution at this stage.

Choice between Arbitrum Orbit and OP Stack

Rollup technology is suitable for creating both L2 and L3 solutions. The main difference that influences the choice of development approach is the network to which the data will be published. L2 solutions send data to Ethereum (L1), whereas for L3, the target network can be any L2. The advantage of writing to L2 is a significant reduction in transaction cost, but this raises the issue of security as L2 can stop functioning. Therefore, sufficient liquidity and a high level of trust in the chosen network are necessary for an effective Rollup allocation.

With all of the nuances in mind, the EVEDEX team considered the two main solutions that Optimistic Rollups offered: Arbitrum Orbit and OP Stack. Both technologies offer powerful tools for building L2/L3 solutions, but their choice depends on the needs of the project. As OP Stack still suffers from excessive centralization, despite a number of significant benefits, Arbitrum Orbit was selected. This solution provides high speed and level of decentralization, high liquidity, support for the important Fast Withdrawal initiative and projects deployed on Arbitrum Orbit.

State Channels

State Channels is a technology that allows a group of participants to exchange multiple transactions among themselves by recording only two transactions on the Ethereum core network. First is the initial transaction – depositing funds into a multi-signature smart contract – followed by a final transaction that records the distribution of funds after the interaction is complete.

This works as follows: a multi-signature smart contract is deployed on the Ethereum network, which verifies that all transactions are signed by the necessary participants. Participants then deposit funds into this contract and interact off-chain (outside of the Ethereum network). Once the interaction is complete, everyone signs the final state and the smart contract distributes the funds according to the final balance.

The benefits of State Channels include significantly reducing the load on the Ethereum core network, reducing fees by reducing the number of records in the blockchain, and speeding up transactions while maintaining a high level of security through multi-signature contracts. For these reasons, Rollups and State Channels are considered key technologies for scaling Ethereum, reducing fees, and speeding up transactions.

Why not Plasma, Validium or Sidechains?

Initially, it is necessary to understand what the listed technologies are.

Plasma is an intermediate solution between Rollups and sidechains. Unlike Rollups, where full transaction validation is performed at the Layer 1 level, Plasma chains do not require it. Unlike sidechains, Plasma-chains do periodically write the results of their transactions to Ethereum along with cryptographic proof of the current state of the network. This works as follows: the actual network state data is not directly recorded, instead a compact cryptographic proof is sent to the Ethereum network, and the recorded transactions are not immediately verified. However, if the commit is already recorded in Ethereum, the Plasma chain cannot change the transaction history retroactively. The benefits include reducing the load on the Ethereum network and providing a basic level of security through periodic commits to Ethereum.

Validium is similar in architecture to ZK-Rollup, but has one important difference: transaction validation data is stored off-chain rather than in the underlying Layer 1 network. The benefits include increased bandwidth and lower fees, but this comes with a security trade-off. The main risk is that the operator of the Validium network could freeze user funds because transaction data is not stored on Layer 1. This makes the solution less secure than ZK-Rollup, but it offers better scalability and lower cost of use.

A sidechain is a separate blockchain that operates independently of Ethereum but is connected to it by a two-way bridge. The main difference from Rollups is that transaction validation in Rollups is performed at the Layer 1 level, whereas in sidechains it is not required. The advantages include flexibility in implementation, as sidechains can be customized for specific tasks, and the ability to handle a large number of transactions without straining the Ethereum core network. However, it is important to note that the security of a sidechain depends solely on its own architecture and not on Ethereum’s Layer 1.

Plasma, Validium, and sidechains are alternative Ethereum scaling methods, each making distinct trade-offs between security, decentralization, and performance. This is why we ultimately chose Rollup for our L3 solution: it delivers stronger security at minimal added cost, despite L3 development complexities. The recent Dencun upgrade further solidified this advantage by slashing Layer 1 data recording costs, making rollups even more compelling compared to other scaling technologies.

Deciding on a proprietary L3 blockchain

According to EVEDEX technical publications, the development team has decided to create its own L3 blockchain called EVENTUM based on Arbitrum Orbit. Initially, existing blockchains such as Arbitrum One and Optimism (both using Optimistic Rollups technology) were considered. These solutions are popular, highly liquid and offer a wide range of bridges for cross-network transactions.

However, during the analysis process, the team identified a number of drawbacks: difficulties in scaling to other networks (resulting in diluted liquidity and increased operational costs), problems with decentralized management (including the likelihood of vote manipulation) and the high cost of order settlement. In contrast, using an in-house solution can significantly reduce transaction costs while increasing transaction volume.

According to statements from the EVEDEX team, the decision to choose L3 technology significantly improves transaction throughput, allowing the platform to process large volumes of transactions without delays or congestion. By seamlessly integrating with existing Layer 2 networks, L3 solutions provide improved interoperability and a simplified user experience. This approach also reduces transaction costs, making decentralized trading more accessible and cost-effective for all users.

Using a Layer 3 network based on Arbitrum Orbit AnyTrust, with computation in Arbitrum Nova and a custom Data Availability Committee (DAC), allows thousands of transactions to be processed per second, almost instantaneously and at minimal cost compared to the Ethereum core network.

The EVEDEX team highlights the following key features of its own L3 solution:

• Gas limit per unit: Initially set at 30M gas with the option to increase if required.
• Block time 2 seconds: a little slower than some competitors, but the figure is compensated by the possibility to increase the block size.
• Throughput: The platform is capable of handling up to 463k gas/s, achieving the target of 100k settlements per day.
• Decentralized withdrawals: Implemented through the Permissionless Output Proposals (PoPs) mechanism, which allows any user to initiate a withdrawal of funds from L2 to L1.
• Sequencer failure protection: In the event of a Sequencer failure, users can directly send transactions to L1.
• Custom Data Availability Committee (DAC): A custom committee provides greater control over data availability and guarantees enhanced security standards tailored to the needs of the platform.
• Using Arbitrum Orbit: Provides nearly eight times the speed of transaction finalization compared to OP Stack, while maintaining a similar gas limit per block.
• Cost per settlement: Is in the range of $0.0001-$0.0002, which significantly reduces operational costs and keeps commissions low for users.
• Addressing token and DAO issues: Using a native token on the same network removes the risk of vote manipulation and promotes greater decentralization, similar to projects such as Arbitrum and Optimism.

Combination of on-chain and off-chain mechanisms

EVEDEX uses an advanced architecture that combines on-chain and off-chain technologies to maximise the efficiency of the exchange. It is a hybrid approach that allows for blockchain transparency and security while providing the high speed of transaction execution typical of centralized platforms.

EVEDEX is based on an on-chain settlement mechanism – settlements carried out directly in the Arbitrum-based EVENTUM L3-network. Unlike centralized exchanges, where settlements are made through internal registers, here all transactions are recorded in the blockchain. This guarantees transparency of transactions, security and self-custody of assets by users (self-custody). The network records information about trading positions and user balances, records liquidation and Auto-Deleveraging events, and tracks fundraising rates and commissions. All of this data remains public and is available for inspection by anyone in the network. Data is recorded on the blockchain in several scenarios: periodically, when enough changes are accumulated, and at withdrawal to verify the correctness of the backend and ensure the security of transactions.

In parallel, EVEDEX is applying off-chain technology through the use of Matcher, an order book that operates outside the blockchain and ensures the fastest possible processing of orders. This approach is similar to centralized exchanges and allows for high performance and minimal order execution latency. Matcher performs three key functions: matching buy and sell orders, managing risk before executing trades, and updating data in real time via WebSocket.

Interaction between the EVEDEX core and Matcher system is built via API and WebSocket, which allows for prompt processing of incoming requests. The work process starts with the user sending an order signed with his private key. The platform backend performs an initial validation, making sure that there are sufficient funds, the application meets the minimum requirements and the wallet signature is authentic. After successful validation, the order is passed to Matcher, which additionally verifies the authenticity of the order and processes it – changing its status to executed, partially executed, pending or cancelled. This data is stored in the database and transmitted back to the backend for fixing.

If the system requires confirmation of a transaction on the blockchain, the order is recorded on the EVENTUM network. This is especially important for transactions such as liquidations, fundraising or withdrawals. Regular data synchronisation between the exchange core and the blockchain ensures the accuracy and transparency of all transactions.

This decision to combine on-chain and off-chain mechanisms will provide users with a high speed of transaction execution without compromising transparency and security.

Overview of Matching Engine EVEDEX

The EVEDEX Matching Engine is a highly efficient order matching system designed specifically for decentralized trading of open-ended futures. Its modular architecture provides flexibility, scalability and reliability, creating an optimal environment for trading in high load and high speed environments. The engine’s main focus is on decentralization, performance and advanced risk management.

One of the main advantages of Matching Engine is its performance. In the test environment, the system is capable of processing up to 100,000 orders per second with an execution delay of about 100 microseconds. The architecture supports horizontal scaling, which allows the platform to cope with increasing load as the number of users and trading volumes increase. This performance allows the platform to withstand even peak loads without losing speed and execution efficiency.

The heart of the order matching algorithm is the price-time priority principle. This ensures that buy and sell orders are executed in the order they are received at an equal price. This system ensures fair and transparent trading, where users can rest assured that their orders are processed fairly and without manipulation by the platform.

EVEDEX supports a wide range of order types, making the platform convenient for traders with different levels of experience. In addition to standard limit and market orders, stop orders and orders with different lifetime conditions are also available, including DAY (valid until end of trading day), GTC (Good ‘Til Cancelled), FOK (Fill or Kill) and IOC (Immediate or Cancel). This gives traders more flexibility in managing their positions.

To protect users and ensure the integrity of the trading process, advanced risk management mechanisms are built into the system. These include limiting the frequency of messages to prevent system overload, protection against ‘fat finger’ errors where incorrect price values may be accidentally entered, and a mechanism to prevent self-matching of single user orders. These measures help avoid unintentional errors and protect traders from manipulation.

Special attention is paid to optimizing work with open-ended futures. The system supports dynamic creation of new trading pairs, high accuracy up to eight decimal places and continuous market operation in 24/7 mode. For market makers there are functions of mass placing and cancellation of orders, which greatly simplifies the work with large volumes of orders and allows to maintain liquidity at a high level.

Н3: Account Abstraction (AA)

EVEDEX introduces Account Abstraction (AA) technology to improve user experience, enhance security and expand platform functionality. This approach combines the features of traditional wallets and smart contracts, making accounts more flexible and functional. Unlike Ethereum’s standard Externally Owned Accounts (EOA) and Contract Accounts, AA technology allows smart contracts to act as wallets, enhancing the ability to manage assets and interact with the blockchain.

Key features of Account Abstraction on the platform include programmable transactions that allow for custom transaction conditions such as multi-signature, time limits and automatic execution of predefined conditions. EVEDEX users will also be able to pay fees not only in ETH, but also in other tokens, such as USDT, or delegate payment to a third party. A Social Recovery system has been implemented, allowing access to the wallet to be restored via trusted parties or multi-signature, as well as Simplified UX (Simplified UX) by automating transactions and combining multiple transactions into one. For high-value transactions, double confirmation can be enabled: confirmation via E-mail or Telegram.

The technological implementation of AA on EVEDEX is based on fully programmable smart contract wallets. The architecture includes several key components. UserOperation is a structured data object containing all transaction information to perform complex transactions, including batch transactions. Bundler aggregates transactions into a single block, reducing network load and speeding up processing. Paymaster is a smart contract that can pay fees for the user, which can also realize gasless transactions.

EntryPoint is the central element of the entire system, which verifies transactions, interacts with other components (Bundler and Paymaster) and guarantees secure execution of transactions. The Aggregator module has also been implemented, which combines and verifies signatures from different users, which increases the scalability of the system by reducing the cryptographic load when processing multi-signatures.

As a result, the integration of Account Abstraction into EVEDEX provides a more flexible, secure and convenient interaction with the platform. This solution allows users to better control their funds, reduces the risks of access loss and provides enhanced tools for working with decentralized applications.

EVEDEX Education Center

The EVEDEX Education Center is also planning a comprehensive training program for its users, which will cover key topics for both beginners and experienced traders and investors. The center’s courses and resources, according to the team, will focus on developing practical skills that can be immediately applied to improve financial wellbeing. All resources are structured to provide access to quality knowledge on cryptocurrencies, investing, entrepreneurship and personal development.

The curriculum is divided into four strands:

1. Earning Strategies – learning how to create income through trading, affiliate programs and investments.
2. Personal Finance and Money Management – developing skills in money management, budgeting and capital growth.
3. Personal Development and Wellbeing – programs aimed at developing productivity, psychological resilience and effective time management.
4. Marketing, Branding and Entrepreneurship – teaching the basics of branding, promotion and building entrepreneurial strategies.

The Center plans to offer courses from experts that are designed by professionals with real experience and successful cases in their fields. Participants will have access to practical strategies and insights from real-life activities. An important part of the program is interactive learning tools – trading simulators, gamified modules and practical assignments that help to consolidate the knowledge gained.

Interactive learning tools will include trading simulators to safely test strategies before entering real markets, gamified courses for memorable learning and regular expert sessions analyzing market trends and strategies. This will help traders to practice and adapt knowledge to real market situations.

Community and mentorship, according to the EVEDEX team, is another key element of the platform. Participants get access to a global community of traders and investors to share experience and develop together. The mentorship program provides an opportunity to learn from industry leaders and receive personalized advice and guidance. Regular webinars, workshops and private meetings allow you to stay up-to-date on the latest trends and deepen your knowledge.

The main educational areas of EVEDEX Educational Center:

1. Trading & Blockchain Technology:

   1. Blockchain Fundamentals – fundamental knowledge of blockchain technology and its applications.

   2. Financial Literacy – effective personal financial management, budget planning and capital protection.

   3. Trading skills – practice trading on various financial instruments, including open-ended futures.

2. Personal Management & Well-being:

   1. Investment planning is a money management strategy for a stable financial future.

   2. Stress management – developing psychological resilience and managing emotions.

   3. Mindset and motivation – working with beliefs and developing positive habits.

   4. Goal setting and productivity are effective methods of improving personal efficiency and organising time.

3. Personal Growth and Time Management Approaches:

   1. Goal setting and productivity – effective methods for increasing personal efficiency and organizing time. Creating multiple sources of income – developing active and passive incomes.

   2. Investing in cryptocurrencies – learning strategies for capital appreciation through digital assets.

   3. Long-term capital growth – long-term methods of building up financial resources.

   4. Affiliate marketing – creating income through affiliate programs with minimal investment.

4. Entrepreneurship & Relationship Building:

   1. Community engagement – developing skills to communicate and create meaningful connections within the crypto community.
   2. Teamwork and collaborations – effectively interacting with partners and creating an environment for sharing expertise.

Transparent & Fair Copy Trading

According to the team, the EVEDEX copy-trading system is based on strict control and verification principles, so each trader is thoroughly checked before being authorized to provide copy-trading services. According to the team, constant monitoring of trades and exclusion of manipulations protects participants from unscrupulous traders. The rating system plays an important role – open performance metrics allow users to objectively select the best traders on the platform. Additionally, a hybrid mechanism combining decentralized oracles and proprietary control systems is used, which ensures pricing accuracy and fair execution of trades.

To maintain the high quality of copy-trading, the EVEDEX platform has implemented mandatory certification for traders. Before becoming a copy-trading provider, each participant must complete the EVEDEX Advanced Trading Certification Program. This ensures that all traders have the necessary knowledge and skills to manage funds responsibly. The certification process involves several steps: completing a training course covering market analysis, risk management and trading psychology; demonstrating stable trading results and effective risk management; and passing an exam on theory and practical skills, including ethics and compliance with platform rules.

Upon successful completion of all stages, a trader receives the status of a certified copy-trading provider. However, in order to maintain this status, participants must regularly confirm their knowledge and meet the platform’s standards. EVEDEX continuously monitors certified traders by tracking performance, risk metrics and identifying any potential manipulation. Additionally, subscriber satisfaction is assessed and complaints are handled. Mandatory re-certification ensures that traders maintain a high level of competence.

EVEDEX Affiliate Program

The EVEDEX platform also offers its users the Affiliate Program, which provides an opportunity to earn income from each referred user. By becoming a member of the program, you will be able to receive 30% commission from referrals on a permanent basis, as well as 5% commission from sub-affiliates – users referred by your referrals. EVEDEX team specifies that payments will be available 24 hours after they are credited to your balance.

For the convenience of members, there is an Affiliate Cabinet where you can track your income, manage referrals and analyze your performance. The Overview Dashboard section provides key metrics to help track earnings and activity of referred referrals. My Earnings displays commission income from referrals for the last day, week, month and year. Account Balance provides a summary of available balance, including all commissions earned from referrals.

The My Commission Tier section displays the current terms of participation in the Affiliate Program: percentage of Profits of your referrals and percentage of Earnings of your sub-affiliates. Recent Signups shows the latest users who registered via your referral link, including their signup time and wallet addresses. The Analytics section provides statistics on registrations and badge mints, while also helping track conversion trends and identify high-impact content that drove user engagement.

Gamification system

The EVEDEX platform also offers a unique gamification system designed to make interaction with the exchange easier, more engaging and interactive. According to the project team, the implementation of gamification is aimed at ensuring that every user can enjoy using the platform while developing skills and increasing their profitability.

According to the rules of gamification, for each action on the platform experience points (XP) are awarded, which contribute to increasing the level of the account and opening new bonuses. Earning XP is done through trading, training, completing missions and promoting the exchange. By leveling up, users gain access to various benefits: discounts on resources and lessons in the Education Center, cashback on trading commissions, and an increased percentage of income from the referral program. This not only makes trading on the platform more profitable, but also motivates to actively participate in the development of the EVEDEX ecosystem.

Mobile App

Recently, the EVEDEX team announced the launch of a mobile application for Android and iOS users. This application allows (within the testnet) trading, asset management and full interaction with the exchange ecosystem directly from a smartphone. For Android users, the app is already available on Google Play. In it, you can create a new wallet, import an existing wallet or log in via mobile wallets. Quick registration directly through the app is also available.

For owners of Apple mobile devices, EVEDEX testing is available via the TestFlight platform, as the main application is at the moderation stage in the App Store. The EVEDEX platform provides detailed instructions for iOS users to help them understand the installation and start working in the mobile version of the exchange.

Conclusions

EVEDEX and Hyperliquid are two technically advanced cryptocurrency platforms, each offering unique features and tools for traders. Although both exchanges are actively developing in the field of decentralized finance (DeFi), their approaches and technical solutions differ significantly.

EVEDEX is a hybrid platform combining the best of centralized and decentralized exchanges. It is aimed at both beginners and experienced traders, offering an accessible interface, a training center, a gamification system, copy-trading and a well-thought-out affiliate program with lifetime commissions. The platform runs on EVENTUM’s proprietary L3 blockchain, built on Arbitrum Orbit, which ensures high transaction speeds and minimal commissions. Additionally, EVEDEX offers a mobile app, which also sets it apart from its competitors. With the mainnet launch, which is expected in the near future, EVEDEX has every chance to take a leading position in the hybrid exchange market thanks to its technical solutions and comprehensive functionality.

Hyperliquid, on the other hand, is aimed primarily at professional traders and institutional market participants. The platform uses a proprietary L1 blockchain with the HyperBFT consensus algorithm, which provides instantaneous transaction execution with a throughput of up to 100,000 orders per second and minimal latency. Hyperliquid offers advanced tools for professional trading, but is not designed for beginners: the platform does not offer educational programs or features that simplify interaction with the system. In addition, it does not offer an affiliate program and does not have a mobile app, which is an important requirement for many users today.

Thus, both platforms demonstrate high standards in their field. EVEDEX will be the best choice for traders of all backgrounds due to its intuitive interface and educational features. Hyperliquid, on the other hand, is ideal for advanced users and professionals who require high execution speed and access to complex trading instruments. With its entry into the mainnet, EVEDEX has the potential to become a leader among hybrid platforms due to its innovative infrastructure and comprehensive approach.

---

---