Wrapped HYPE wallet

What is Wrapped HYPE (WHYPE)?

HYPE belongs to Hyperliquid, which is split into two halves that share one state: HyperCore, where the order book and perpetuals live, and HyperEVM, the general-purpose contract environment beside it. On HyperEVM, HYPE is the native coin and pays the gas. WHYPE is its wrapped token form, minted one for one by a wrapper contract, and it is what pools, vault contracts and lending markets on that side actually accept.

This produces a trap specific to HYPE. Unwrapping is a HyperEVM transaction, and HyperEVM charges gas in unwrapped HYPE. A wallet holding nothing but WHYPE has no way to pay for the very transaction that would convert it back, so keep a working amount of plain HYPE untouched.

The ticker also travels. Representations of HYPE exist away from Hyperliquid, and unrelated tokens have used the word Hype as a name; a balance on one chain is not the same balance as on another, and bridging is what connects them, not a plain send.

Supported networks in Tangem (2): Optimism, HyperEVM. Gas coin and wrapped token sit side by side in the same wallet, and each unwrap or transfer is approved by tapping the card against the phone, with no cable, app login or battery of its own involved. Keeping WHYPE this way means the unwrap is always available to you, which is the part that actually matters here.