BitGo Integrates HyperEVM for Institutional DeFi Access

BitGo has integrated HyperEVM to facilitate institutional access to Hyperliquid's DeFi ecosystem. This move has led to a $2.17 billion open interest in the HYPE token, indicating strong institutional demand. Experts predict bullish growth for HYPE, with former BitMEX CEO Arthur Hayes forecasting a 126x surge in value. The integration aims to enhance institutional participation in decentralized finance while ensuring safe and secure custody.

BitGo, a leading provider of digital asset infrastructure, has integrated HyperEVM, the Ethereum-compatible smart contract layer of the Hyperliquid ecosystem, to enhance institutional participation in decentralized finance (DeFi). This strategic move aims to bridge the gap between traditional finance and the DeFi world, offering secure and scalable solutions for institutional investors.

The integration marks a significant milestone for Hyperliquid, which has emerged as a prominent player in decentralized trading. With over $2.53 billion in total value locked (TVL) and a stablecoin market cap of $5.58 billion, Hyperliquid's Layer 1 blockchain is designed for high-performance, low-fee on-chain trading, particularly in next-generation perpetual futures [1].

BitGo's support for HyperEVM provides institutional clients with secure custody and operational flexibility for assets like HYPE, Hyperliquid’s native token. This includes regulated qualified custody, self-custody cold and hot wallet options, and customizable policy controls for whitelists and spending limits. This integration allows institutions to engage confidently with Hyperliquid’s on-chain trading ecosystem, including stablecoins, staking solutions, settlement, real-world assets, collateral, and wealth management [2].

The timing of BitGo’s announcement coincides with a surge in Hyperliquid’s activity. On August 26, the platform recorded a 24-hour spot trading volume of $3.5 billion, a new all-time high driven by increased Bitcoin and Ethereum deposits. Hyperliquid now ranks as the second-largest trading venue for spot Bitcoin across centralized and decentralized exchanges, underscoring its competitive edge [3].

The integration of BitGo’s secure custody solutions into the Hyperliquid ecosystem is a significant step towards accelerating institutional adoption of DeFi. This move addresses the operational and compliance needs of institutions looking to engage with Hyperliquid’s offerings, providing a secure environment for institutional clients to participate in DeFi.

BitGo’s broader mission is to accelerate the transition to a digital asset economy, and this integration aligns with that goal. Founded in 2013, BitGo has been focused on enabling secure custody solutions, including multi-signature wallets and Threshold Signature Schemes (TSS), safeguarding various crypto tokens across blockchains [1].

The HYPE token has seen notable price action, surging 8% following BitGo’s announcement and reaching a peak of $51 in July. Arthur Hayes, co-founder of BitMEX, predicts a 126x price increase for HYPE over the next three years, citing Hyperliquid’s projected $258 billion in annualized fee revenue and its potential for stablecoin expansion as key drivers [3].

The integration of BitGo’s HyperEVM support is a step towards enhancing the credibility and scalability of platforms like Hyperliquid. With its high-performance infrastructure and expanding use cases, Hyperliquid, backed by BitGo’s custody solutions, is positioned to potentially redefine decentralized trading and solidify its leadership in the DeFi market.

References:
[1] https://www.crowdfundinsider.com/2025/08/248555-bitgo-enables-institutional-access-to-defi-with-hyperevm-integration/
[2] https://blockonomi.com/bitgo-expands-to-hyperliquid-providing-secure-custody-for-hyperevm/
[3] https://99bitcoins.com/news/presales/hyperliquid-hits-new-ath-amid-buyback-and-burn-arthur-hayes-125x-prediction-fires-up-hype-next-crypto-to-pump/