How to Create an ERC20 Token on HyperEVM Using Remix IDE

In recent times, cryptocurrency development has never been simpler, especially with platforms like HyperEVM, which merge the benefits of custom chains with the compatibility of the Ethereum ecosystem. This guide will walk you through the process of launching your token on HyperEVM using just Remix IDE in your browser. Whether you're a developer or a blockchain enthusiast looking to experiment with your own ERC20 token, this companion is tailored for you. Let's break it down step-by-step "” no original setup, no CLI tools, just browser-based deployment, the easy way. 

First, What's HyperEVM? 

Let's delve into HyperLiquid, the driving force behind HyperEVM. HyperLiquid is renowned for its high-speed, on-chain exchange specifically designed for perpetual trading. Unlike traditional platforms that operate on general-purpose blockchains, HyperLiquid has established its own high-performance chain known as HyperCore. This specialized infrastructure enables quicker and more efficient trade execution. In addition, HyperLiquid has launched HyperEVM, a sublayer compatible with the Ethereum Virtual Machine (EVM). This feature allows users to deploy and interact with smart contracts seamlessly, just as they would on Ethereum or other Layer 2 solutions. In essence, HyperEVM combines the reliability of the Ethereum framework with the ultra-fast capabilities of the HyperLiquid ecosystem.

• You get Ethereum-style smart contracts but on an important, faster backbone  
• Gas costs are significantly lower than the Ethereum mainnet 
• Remix IDE MetaMask works right out of the box 

• You can make anything from coins to full DeFi protocols 

   

  Also, Read | A Dev Guide to Placing Orders using Hyperliquid API
   

• The ERC20 Token Standard "” A Quick Look 

   

  ERC20 is the most widely used standard for fungible tokens on Ethereum-compatible networks. It outlines a set of essential functions, including transfer, balanceOf, approve, and transferFrom, which enable your token to operate predictably and interact seamlessly with wallets, smart contracts, and exchanges. Whether you're developing a utility token for a decentralized application (dApp), experimenting with governance mechanics, or simply testing the waters, ERC20 serves as the foundational building block for all these endeavors.

   

  Prerequisites 

   

  You won't need to install anything locally, but do make sure you've got the following:

•  Access to Remix IDE 
•  A MetaMask  wallet(or any Web3- enabled  wallet) 
•  HyperEVM Testnet setup in MetaMask(details below) 
•  Some Testnet HYPE tokens for gas(snare them from the HyperLiquid  gate) 

• Your ERC20 smart contract  
   

  That's it. With these in place, you're ready to create your TOKEN. 

   

  Step 1: Write Your Smart Contract 

   

• Head over to Remix 
• Create a new Project and name it as per your preference.
• In the contracts folder, add a file, name it a commodity like MyToken.sol, and add your ERC20 token contract logic into this file (bury your ERC20 reliability contract  law then) 
• Make sure your contract either inherits from OpenZeppelin's ERC20  perpetration or duly defines the standard ERC20 functions if you are writing it from scratch. 

• A Custom sample Contract should look like this,

   

  SOLIDITY:-

   

  // SPDX-License-Identifier: MIT
  pragma solidity ^0.8.20;
  
  contract MockUSDC {
     string public name = 'Hype Coin';
     string public symbol = 'HYP';
     uint8 public decimals = 6;
     uint public totalSupply;
  
     mapping(address => uint) public balanceOf;
     mapping(address => mapping(address => uint)) public allowance;
  
     event Transfer(address indexed from, address indexed to, uint value);
     event Approval(address indexed owner, address indexed spender, uint value);
  
     constructor(uint _initialSupply) {
         totalSupply = _initialSupply;
         balanceOf[msg.sender] = _initialSupply;
         emit Transfer(address(0), msg.sender, _initialSupply);
     }
  
     function transfer(address to, uint value) external returns (bool) {
         require(balanceOf[msg.sender] >= value, 'Insufficient balance');
         balanceOf[msg.sender] -= value;
         balanceOf[to] += value;
         emit Transfer(msg.sender, to, value);
         return true;
     }
  
     function approve(address spender, uint value) external returns (bool) {
         allowance[msg.sender][spender] = value;
         emit Approval(msg.sender, spender, value);
         return true;
     }
  
     function transferFrom(address from, address to, uint value) external returns (bool) {
         require(balanceOf[from] >= value, 'Insufficient balance');
         require(allowance[from][msg.sender] >= value, 'Allowance exceeded');
         balanceOf[from] -= value;
         balanceOf[to] += value;
         allowance[from][msg.sender] -= value;
         emit Transfer(from, to, value);
         return true;
     }
  }

  
  Step 2: Compile the Contract 

   

  • Open the Solidity Compiler tab(  generally a 'sol' icon on the sidebar) 
  • Choose the standard  interpretation for solidity that matches your contract( e.g., 0.8.20 or advanced) 
  • Click compile MyToken.sol 
  • If there are any warnings or errors, it is recommended to clean those up before continuing 

   

  Also, Discover | Building a Portfolio Tracker Dashboard Using Hyperliquid API

   

  Step 3: Connect to HyperEVM via MetaMask 

   

  To emplace on the HyperEVM Testnet, you need to add its details to MetaMask. 

   

  Then's what to enter:

   

  //yaml 
  Network Name: HyperEVM Testnet 
  RPC URL: https//rpc.hyperliquid-testnet.xyz/evm
  Chain-ID: 998 
  Currency Symbol: HYPE 
  Explorer: https://testnet.purrsec.com/ 

   

  Step 4: Deploy from Remix 

   

• Go to the Deploy & Run Deals tab in Remix 
• Set Environment to 'Injected Provider- MetaMask' 
• Make sure your contract is  named in the dropdown 
• Click 'Deploy' 

• MetaMask will prompt you to confirm the  transaction "”  authorize it 

   

  In a few seconds, your contract will be live on the HyperEVM Testnet. Remix will show the stationed contract address and allow you to interact with it using the GUI. 

   

  Also, Check | Creating a Custom Hyperliquid Dashboard: Track Live Holdings in React

   

  What to Do After Deployment 

   

• Now that your token is stationed, you can do several  effects 
• Test it out. Try calling transfer or checking balanceOf using the Remix UI 
• Participate in the contract address with others on Testnet so they can interact with it and corroborate the contract( if and when HyperEVM supports Etherscan- such verification)
• Use it in dApps. If you are developing a DeFi app or NFT platform, you can integrate the token right down 

• List it on a DEX. When HyperEVM-grounded exchanges go live, you can produce trading dyads and liquidity pools 

   

  Thanks to Remix IDE and HyperEVM, it's now possible to go from conception to token launch in under 15  twinkles.

   

  To recap, what you've learned  

   

• What HyperEVM is and why it's an important choice for token deployment 
• The basics of the ERC20 standard and its  part in Web3
• How to configure MetaMask and emplace using Remix 
• What to do next  formerly your token is live 

As HyperLiquid and HyperEVM grow, launching on this platform now gives you a head start in structure within one of the fastest and most promising decentralized ecosystems. 

In case you are looking to leverage the potential of HyperEVM for your project development, connect with our crypto developers to get started.