By combining topological structures of hyperbranched polymers with dendronized polymers, a series of hyperbranched poly(acylhydrazone)s pendanted with 3-fold branched dendritic oligoethylene glycol (OEG) units were efficiently prepared through A2 + B3 polycondensation. The constituents of these dendritic polymers can be mediated through dynamic covalent acylhydrazones. Owing to the dense OEG pendants, these dendronized hyperbranched polymers are biocompatible and thermoresponsive, and their cloud points (T cps) can be modulated by the branched architecture, solution pH, and addition of a third component. Cell viability in the presence of these hyperbranched poly(acylhydrazone)s can be maintained above 80%. Based on the unique dendritic architecture with rich acylhydrazine groups, dynamic hydrogels cross-linked via acylhydrazone linkages with good mechanical property were prepared, which inherit the characteristic thermoresponsive behavior of the polymer precursors and also show remarkable self-healing properties. This novel kind of topological polymers and their corresponding hydrogels with dynamic and multiple smart properties may have promising applications as biomaterials.