A permissionless interoperability protocol for cross-chain communication across different blockchain environments, enabling message passing and asset transfers across different chains without relying on centralized intermediaries or requiring any permissions.

Project Function

Hyperlane is a decentralized blockchain interoperability protocol that enables different networks to communicate with each other by passing messages and assets seamlessly across chains. It is designed as a permissionless and general-purpose messaging layer, meaning any developer or blockchain can integrate with Hyperlane to send data or tokens to another chain without relying on centralized intermediaries.

Key functionality includes:

• Permissionless: Anyone can deploy Hyperlane, including a layer 1, rollup, or app-chain, and start building cross-chain applications instantly. No requirement necessary for approvals or intermediaries.
• General Message Passing via Mailboxes: At the heart of Hyperlane is the Mailbox smart contract deployed on each connected chain. This on-chain mailbox is a standardized interface that lets smart contracts send and receive messages to/from other blockchains
• Warp Routes (Cross-Chain Tokens) and Gas Abstraction: In addition to general messaging, Hyperlane offers higher-level functionality for asset transfers. Its Warp Routes feature allows projects to create custom token bridges with no-slippage swaps for assets moving between chains.
• Modular Security: Hyperlane’s Interchain Security Modules (ISM) allow developers to configure, compose, and customize their security model according to their application’s needs.
• Multi-VM Support: Hyperlane enables cross-chain communication for multiple virtual machines (VMs), including EVM, SVM and CosmWasm. Plus, Hyperlane also supports cross-VM interactions, such as EVM ↔ SVM asset transfers.

Token Utility 

HYPER, which exists on Ethereum Mainnet, Base, OP Mainnet, Arbitrum One, and BSC is primarily used for staking: network validators and agents stake HYPER tokens to participate in securing cross-chain messages, and in return they earn rewards.

HYPER also serves to incentivize and reward various network participants for contributing to the protocol’s operation.

About The Founders

Hyperlane was founded in 2017 by Bram Pieters and Dimitri Vandormael.

• Bram Pieters: Co-Founder & CTO of Hyperlane.
• Dimitri Vandormael: Co-Founder & CEO of Hyperlane.

Risks of HYPER

Like an investment in other crypto assets, there are some general risks to investing in HYPER. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in HYPER is subject to the following specific risks:

• HYPER operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks. 

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with HYPER. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The HYPER community and Hyperlane founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of HYPER have no recourse to the HYPER community, Hyperlane founding team, or Uphold if HYPER declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing HYPER on the Uphold Platform, Uphold performed due diligence on HYPER and determined that HYPER is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

• The creation, governance, usage, and design of HYPER, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
• The supply, demand, maturity, utility, and liquidity of HYPER.
• Any marketing materials put forward by the HYPER social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with HYPER, including any code defects, security breaches and other threats concerning HYPER and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with HYPER, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of HYPER.