
Hyperwave
A yield protocol on Hyperliquid that tokenizes the HLP market-making vault into hwHLP, a liquid yield-bearing token usable across HyperEVM and Ethereum.

What is Hyperwave?
Hyperwave is a yield protocol on Hyperliquid that tokenizes Hyperliquid's HLP market-making vault into hwHLP, a liquid receipt token that earns HLP yield while staying composable across DeFi. Users deposit USDT0, USDe, or USDHL to mint hwHLP on HyperEVM or Ethereum, and can also use hwHYPE, an automated vault that optimizes HYPE deployment across HyperEVM lending markets.
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Developer resources from Alchemy
Stablecoin treasuries: from dead capital to yield-generating infrastructure
Most corporate stablecoin balances earn nothing while issuers capture yield on reserves. Learn where onchain yield comes from, what blocks enterprise deployment, and how infrastructure like gasless transactions and multi-chain RPC closes the gap.

Unichain, powered by Alchemy’s full-stack platform makes DeFi 95% cheaper and faster
Ship production-ready DeFi apps from day one of mainnet with Alchemy’s infrastructure support for Unichain, the L2 that's set to transform how we think about onchain liquidity.

How Valantis built a reliable trading experience on Hyperliquid
After moving HyperEVM RPC calls from a self-hosted node to Alchemy’s HyperEVM Node, Valantis reports 100% successful RPC requests and a more dependable foundation for trading.
Hyperwave alternatives
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App store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.

