With under 10 days left in Season 3: Methamorphosis, cmETH deposits across partner protocols continue to grow. Total TVL across mETH and cmETH has reached $1.83B, while Powder rewards have kept community momentum strong.

ETH yields across major liquid staking providers have held stable, ranging from 2.35% to 3.0%. mETH currently offers a base yield of 2.89%, tracking closely alongside leading peers like stETH (2.7%), rETH (2.35%), and eETH (3.0%).

Below, we spotlight the top restaking plays on HyperEVM and what they signal for what’s next.

Top Yields on HyperEVM

HyperEVM

This week’s highest yield opportunities continue to come from Season 3: Methamorphosis, with a focus on HyperEVM looping strategies and money markets.

New integrations like INFINIT offer yields starting at 7.69% APY, followed by Spectra at 5.34%, the Mizu Vault at 5.0%, and HypurrFi at 4.23% base APY. With Powder boosts ranging from 10x to 40x, projects in the HyperEVM ecosystem are unlocking some of the most compelling restaking opportunities to date.

HypurrFi

HypurrFi continues to see strong demand for its cmETH/uETH isolated market, with 83% of supplied uETH currently borrowed and over 109 cmETH locked as collateral. This level of demand signals a strong conviction in looping strategies; particularly, that users are comfortable borrowing uETH to level up cmETH exposure.

Morphobeat

The Morphobeat Vault (in partnership with Hyperbeat and Gauntlet) continues to operate at high efficiency, with 83.06% of deposits borrowed against a 90% target utilization rate. With over $3.45M in total deposits, this reflects an increasing confidence as demand becomes sticky for leveraged cmETH strategies.

Spectra

The Spectra uETH/mETH pool holds over $121k in liquidity, with composition skewed 84% toward principal tokens (PT) and 16% toward interest-bearing tokens (Wrapped cmETH). This tilt towards PT suggests users are prioritizing fixed-yield exposure, while still integrating cmETH into Spectra' structured yield products. *All statistics are obtained as of Sept. 12, 2025.

Clock’s ticking. Don’t miss your chance to join Season 3: Methamorphosis.

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