ThePathMark
Nº 16 Field notes

From zero to HAM — every button in order.

I wanted to buy HAM on HyperEVM but had nothing on Hyperliquid. Here's the full deposit-to-HAM path, including the steps nobody lists in one place.

The short version
  • Hyperliquid is not Coinbase — you must deposit USDC (or supported assets) into a Hyperliquid account before anything else.
  • USDC → HYPE on the trading side → Transfer to HyperEVM → connect wallet on chain 999 → swap for HAM.
  • Moving to HyperEVM is an in-app transfer, not a scary external bridge.
  • Hyperham's farm wants LP, not plain HAM — buying HAM and staking it are different endings.

I wanted to try HAM on Hyperham — a small rebasing token on HyperEVM. I opened the app, connected nothing useful, and realised I did not have a single dollar on Hyperliquid. I had USDC on a normal exchange in my head — but that is a different universe from the app where HAM lives.

Nobody had written the whole staircase. Buying first crypto stops at the exchange. Hyperliquid map draws the afternoon after USDC lands on Hyperliquid — not how it got there. LP vs token starts with HAM in hand. This is the glue between them.

01

Step 0: I needed USDC on Hyperliquid, not “crypto somewhere”

I logged into app.hyperliquid.xyz, hit Deposit, and copied the address. Back on the exchange: withdraw USDC, paste address, triple-check the network Hyperliquid asked for. I sent a tiny test first — ten dollars — and waited until it showed up before sending more.

If you’re starting from a bank account, you still land here eventually: exchange → USDC → withdraw to Hyperliquid. The first-buy guide covers the exchange part; this is the handoff.

02

Step 1: USDC → HYPE on the trading side

HAM is not bought with USDC directly in one hop on the app side — not for me, anyway. The beaten path is buy HYPE first on Hyperliquid’s spot market, then move that HYPE to where the apps live.

I opened spot trade, picked HYPE/USDC, bought a small bag. HYPE sat on the trading side of my account. Still not on HyperEVM. Still no HAM.

03

Step 2: Transfer to HyperEVM (not a bridge)

This is the step that sounds scary and isn’t — if you understand it’s internal. Hyperliquid’s Transfer button moved HYPE from trading → EVM inside the same account. No third-party bridge. No address paste across chains. The bridges field note exists because I confused this with the scary kind once.

I kept a little HYPE on the EVM side for gas — every swap and approval costs HYPE on chain 999.

04

Step 3: Wallet on chain 999

Hyperham is a website that talks to your wallet. I added HyperEVM to Rabby (chain ID 999, RPC https://rpc.hyperliquid.xyz/evm, symbol HYPE). Connected at app.hyperham.finance.

First popup: Approve. I almost clicked through on autopilot. Read token approvals if you haven’t — it’s giving a contract permission to touch your tokens.

05

Step 4: Actually buy HAM

I used Ape In on Hyperham — a pre-baked HYPE → HAM swap. Fewer decisions than hunting the pool on Project X my first time. The swap succeeded. HAM showed in Your Bag.

HAM rebases — my displayed balance can change without a trade. Hyperham shows underlying too; I watch that when I’m confused.

Buying HAM and “staking” on Hyperham are not the same ending. The farm wanted LP. I had the jacket, not the coat-check ticket.

06

What I do differently now

  • Test withdrawal from exchange → Hyperliquid before size.
  • Buy HYPE before obsessing over the altcoin — you need gas and a route.
  • Read expected output on any pool swap.
  • Decide upfront: hold HAM or farm LP — second path is LP vs token.
⚑ One honest flag

I did this to learn the rails, not to chase a trade thesis. HAM is experimental, rebasing, and thinly traded compared to BTC. Treat the whole path as tuition unless you can explain every step without looking — including what happens if HAM breaks its peg or rebases against you.

The straight guide version lives at Your first tokens on Hyperliquid if you want checkboxes instead of story.

If this cleared something up, you can buy me a coffee — or say hi on X.

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