HyperEVM Wallet Guide: HYPE Gas, HyperCore and Safety

One 0x address, two separate balances

Your HyperEVM address is a standard 0x address derived from your recovery phrase on the usual Ethereum path, so it is the same address Keylo shows on every other EVM network. The twist is that Hyperliquid also uses that same 0x address for your HyperCore account, the one the Hyperliquid trading app shows. The two sides share an address but not a balance: HYPE sitting in your HyperCore spot account is not on HyperEVM, and Keylo does not display it.

Assets cross between the two through system addresses. Sending native HYPE on HyperEVM to 0x2222222222222222222222222222222222222222 credits it to your HyperCore account, and linked tokens have their own system address starting with 0x20. That is useful if you trade on Hyperliquid, but it also means a mistyped or pasted system address quietly moves funds to a side of the chain Keylo cannot manage. Keylo only works with the HyperEVM side.

How to create a HyperEVM wallet with Keylo

Keylo is non-custodial and zero-knowledge: its servers store only the encrypted wallet and never see your password, phrase or keys, so nobody at Keylo can move or recover your HYPE. If you already use MetaMask or another EVM wallet with Hyperliquid, you can import that 12- or 24-word phrase instead. Keylo uses the default Ethereum path, so a standard MetaMask phrase shows the same first address.

1. 1

   Open create a wallet in a current browser on any device. Nothing needs installing.

2. 2

   Register with your name, email, phone number and a strong password, then confirm the email Keylo sends you.

3. 3

   Your browser generates a 12-word recovery phrase and encrypts it locally with a key derived from your password.

4. 4

   Find HyperEVM in the network list. The 0x address shown there is your HyperEVM address.

5. 5

   Open Settings, re-enter your password and write the recovery phrase down on paper before you deposit anything.

How to receive HYPE on HyperEVM

Coming from Arbitrum? Many people first funded Hyperliquid by bridging USDC from Arbitrum, and that route credits the HyperCore trading account rather than HyperEVM. If you want HYPE or USDC to appear in Keylo, use a withdrawal or bridge whose destination is the HyperEVM network itself, and check the destination chain on the confirmation screen before you approve it.

1. 1

   Open HYPE on the HyperEVM network in Keylo and tap Receive.

2. 2

   Copy the 0x address or show the QR code. Keylo labels it HyperEVM so you can see which network it belongs to.

3. 3

   On the sending exchange or wallet, choose the HyperEVM network specifically, not Hyperliquid, HyperCore or an Arbitrum route.

4. 4

   Check Activity. HyperEVM confirms in seconds, and each entry links to the block explorer.

How to send HYPE and tokens

Token sends still need HYPE for gas, so keep a little in the wallet even if you mostly hold stablecoins. If the contract warning appears when you expected a person's wallet, stop and check: on HyperEVM some of the most important contracts are the system addresses that move funds to HyperCore, and a transfer to them is not a payment to anyone.

1. 1

   Open the asset on HyperEVM and tap Send.

2. 2

   Paste the recipient's 0x address or scan its QR code. Keylo validates the checksum and warns you if the address is a contract.

3. 3

   Enter the amount or tap Max, which leaves enough HYPE for the network fee.

4. 4

   Pick slow, normal or fast, then review the summary with the exact amount and network fee.

5. 5

   Confirm. Keylo signs the transaction in your browser and broadcasts it to HyperEVM.

HyperEVM gas fees: why both parts are burned

HyperEVM uses the familiar EIP-1559 fee model. Each block has a base fee that rises and falls with demand, and you can add a priority fee on top. What is unusual is where the money goes: Hyperliquid burns the base fee, as Ethereum does, and also burns the priority fee instead of paying it to a block producer. Every HYPE you spend on gas leaves circulation.

Throughput is split across two kinds of blocks. Small blocks arrive about every second with a modest gas limit, and that is where normal transfers and swaps go. Large blocks come about once a minute with a much bigger limit, meant for heavy jobs like deploying large contracts; accounts have to opt in to use them. For everyday sends you never touch large blocks, and Keylo's slow, normal and fast options simply adjust the tip and fee cap it offers.

Fees are normally a small fraction of a HYPE, but they are paid in HYPE alone. Keylo adds nothing to a send. The review screen shows the network fee before you sign, so you always know what a transaction will cost.

Tokens and stablecoins on HyperEVM

Tokens on HyperEVM are ERC-20 contracts. Circle issues native USDC directly on HyperEVM and supports it with its cross-chain transfer protocol, so you do not have to rely on a wrapped version. Other dollar tokens and wrapped assets exist too, along with liquid-staked HYPE from various protocols. Each one has its own contract address, and symbols alone prove nothing because anyone can deploy a token called USDC.

Some HyperEVM tokens are linked to HyperCore spot assets, which lets them move between the two sides through system addresses. Hyperliquid itself warns that Core and EVM versions are not always perfectly interchangeable and that a linked contract can contain arbitrary code. Before you buy or accept a token, look it up on the explorer and compare the contract with the one the project publishes.

Swap or bridge HYPE

Keylo supports swaps and bridges on HyperEVM through LI.FI, which compares DEXs and audited bridges and returns a route. You might swap HYPE for USDC, or bring stablecoins in from Arbitrum, Base or Ethereum. Before you confirm, the quote lists the route, expected output, minimum received and every fee, including any small Keylo service fee. More detail is on the swap and bridge page.

Cross-chain routes can take a few minutes, and you can follow a bridge in Keylo until it arrives. If a route cannot complete, the protocol refunds the sending wallet. These routes only touch HyperEVM; moving funds into or out of HyperCore for trading is a separate step done with Hyperliquid's own tools.

HyperEVM safety tips

• Back up your 12-word phrase offline. It controls your HyperEVM funds, your HyperCore account at the same address and every other chain in Keylo.
• Withdraw to the HyperEVM network, not HyperCore, when you want funds to show in Keylo.
• Treat 0x2222... and 0x2000... addresses as bridges to HyperCore, not as recipients.
• Verify token contracts on the explorer. Fake HYPE, USDC and staking tokens are common on fast-growing chains.
• Be wary of airdrop checkers and points sites that ask you to sign. Keylo staff and Hyperliquid will never ask for your phrase.
• Turn on two-factor authentication and an anti-phishing code. How Keylo protects your funds walks through each setting.

Frequently asked questions