PANews May 20th News, the order book-based perpetual decentralized exchange Hyperliquid L1 will support native EVM. The EVM will be enhanced to atomic composition with native components on Hyperliquid L1, including HIP-1 assets, spot trading, perpetual futures trading, and other DeFi primitives. HIP-1 assets will have atomic transfers with their corresponding ERC-20 contracts, making Hyperliquid L1 the primary platform for building, launching, and trading tokens. Builders will be able to 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 be launched in the next few months.