Chainalysis has recently announced its support for HyperEVM, the Ethereum-compatible smart contract environment on the Hyperliquid Layer 1. This integration allows Chainalysis to bring its compliance and investigation tools to Hyperliquid’s growing onchain ecosystem, enabling customers to monitor activity across the network’s native token and the applications deployed on top of it. This expansion of chain coverage is part of Chainalysis’s ongoing efforts to support emerging networks.
Automatic Coverage for ERC-20 and ERC-721 Tokens
Chainalysis’s support extends beyond the native HYPE token to automatically cover new fungible and non-fungible tokens deployed on HyperEVM that follow major standards like ERC-20 and ERC-721. With tokens being minted daily on the network, Chainalysis’s platform now ingests them without manual intervention, allowing customers to run Know Your Transaction (KYT) checks with actionable alerts and continuous monitoring. This coverage is integrated into Chainalysis’s entity screening products and Reactor, its flagship investigations tool, enabling analysts to track fund flows, investigate transactions, visualize money movements, and identify potentially illicit activity.
Where HyperEVM Fits in Hyperliquid
HyperEVM is Hyperliquid’s Ethereum-compatible execution environment that enables developers to port Ethereum-based applications onto the Layer 1 while still connecting to HyperCore and the wider Hyperliquid ecosystem. This compatibility is beneficial for compliance providers as investigators can apply the token standards and smart-contract patterns they are familiar with from Ethereum to Hyperliquid’s chain, streamlining fund-flow tracking and transaction investigation processes.
Compliance Infrastructure Catches Up to a Busy Network
As Hyperliquid gains traction among developers and regulators, monitoring tools for the network are becoming increasingly important. Recent reports of the Lazarus Group selling bitcoin on Hyperliquid highlight the need for robust monitoring solutions. Additionally, the Hyperliquid Policy Center’s request to the CFTC to allow energy perpetual contracts in the U.S. indicates the platform’s regulatory footprint is expanding alongside its trading activity. By extending its coverage to Hyperliquid now, Chainalysis is positioning its customers to effectively screen an ecosystem that is rapidly evolving with new tokens and use cases.
