Hyperliquid is a pioneering decentralized trading platform powered by its own high-performance, Layer 1 blockchain. It delivers features traditionally reserved for centralized exchanges and solidified its position as a market leader recently, crossing $2 billion in Total Value Locked (TVL).
While the Hyperliquid app and its ecosystem thrive on a purpose-built blockchain, users face significant interoperability challenges when depositing liquidity from unsupported chains. Currently, only a limited number of tokens across a few blockchains are natively supported, complicating the deposit process unnecessarily.
To deposit assets, users must have both ETH and USDC or USDT on Arbitrum. While convenient for those already holding these assets, others are forced to exit Hyperliquid and…
- Access a bridge
- Configure and set up their wallets
- Ensure they have the appropriate gas tokens
- Execute the transactions
- Wait for them to finalize
At each step of the way, there’s a chance the user will get distracted or simply give up.
Hyperliquid With Avail Nexus
The Avail team recently demonstrated how smooth the deposit process could be with Avail Nexus as part of a recent Hyperliquid hackathon.
With the Nexus SDK enabled, users can efficiently deposit assets from 9 different ecosystems, including Ethereum, Optimism, Polygon, Arbitrum, Avalanche, Base, Scroll, Sophon and Kaia. They don’t even need to leave the Hyperliquid app once.
With the SDK enabled, users can spend their funds as a single, unified balance, eliminating the need to manually move tokens across networks.
The user controls how much of their token balance can be accessed during the transaction process, with the minimum amount selected by default. This is particularly important for users with large balances on multiple chains who don’t want to approve access to their entire balance.
Once allowances are approved by the user, they can then view the source chains their assets are coming from, and a fee breakdown for the transaction.
Once approved, the user is shown the status and progress of the transaction, including the intent being verified and filled by solvers.
Once the intent is fulfilled and the transaction is complete. Funds are then available in Hyperliqiud, and can be used immediately.
The entire process takes less than a minute, and users remain on the Hyperliquid platform the entire time.
The completed transaction will be posted onchain and anyone can view it with a blockchain explorer.
To enable this demo, the Avail team developed a browser extension that, when turned on, simply injects the Avail Nexus SDK into the Hyperliquid app. You can install the browser extension and check it out for yourself.
Note that the browser extension is not actually required to use Nexus in production, as the SDK can be natively integrated into the Hyperliquid app, or any other app directly.
Use Avail Nexus
Avail Nexus can simplify the deposit process for any app. The Avail Nexus SDK can be embedded, and the base UI widgets quickly adapted, to integrate seamlessly within your existing app’s UI.
You can use the Nexus SDK today to plug-in multichain liquidity from any app built on Hyperliquid, Ethereum, Optimism, Polygon, Arbitrum, Avalanche, Base, Scroll, Sophon and Kaia.
