Hyperliquid (HYPE) vs Mantle (MNT)

Hyperliquid is a layer 1 blockchain specifically designed to meet the needs of a perpetual DEX, featuring an on-chain order book, low latency, and high execution capacity. Hyperliquid is also a DEX specialized in the perpetual contracts market and more recently the spot market. Hyperliquid is also developing HyperEVM, an EVM-compatible sidechain.

Mantle is a layer 2 scalability solution for Ethereum, whose technological infrastructure ensures full compatibility with the Ethereum Virtual Machine (EVM), facilitating the creation of smart contracts and decentralized applications (dApps). Mantle is an atypical Optimistic Rollup as it has a modular architecture: the network only handles transaction execution, while consensus is managed by Ethereum and data is decentralized with EigenDA. It is worth noting that Mantle is the result of an evolution of ByBit's BitDAO ecosystem.