Ethereum vs Hyperliquid L1
Compare Ethereum and Hyperliquid L1 on TVL, fees, revenue and activity to understand how these projects stack up.
$49.832B
Ethereum is the leading smart‑contract platform, now running Proof‑of‑Stake after the 2022 ‘Merge’ and gearing up for full Danksharding. Proto‑danksharding (EIP‑4844) activated blob transactions in March 2024, slashing rollup data costs by > 90 %. The upcoming Pectra upgrade will pair Verkle trees with wallet abstraction (EIP‑4337) to simplify UX.
View Full Page$1.022B
Hyperliquid is a performance‑tuned Layer‑1 that employs HyperBFT consensus—an optimised HotStuff variant—to finalise blocks in 400 ms. Its on‑chain order book matches > 100k orders per second without gas, made possible by an in‑memory state machine replicated across 32 validators. Launched in April 2024, the chain settles $4‑6 billion daily volume in perpetual futures and supports CosmWasm smart contracts for third‑party dApps.
View Full PageKey Metrics Comparison
Ethereum
TVL$49.832B
24h Volume$1.166B
24h Fees$9M
24h Revenue$1.54M
30d Fees$355.18M
30d Revenue$62.75M
7d TVL Change-2.59%
Dominance17.63%
Hyperliquid L1
TVL$1.022B
24h Volume$233.7M
24h Fees$5.45M
24h Revenue$2.54M
30d Fees$167.06M
30d Revenue$75.66M
7d TVL Change-7.54%
Dominance0.36%
Category Performance
Visual comparison across key categories. Ring fill represents relative strength or share between the two assets.
TVL Share
Share of combined TVL
Ethereum
98.0%Hyperliquid L1
2.0%Volume Share
Share of combined 24h volume
Ethereum
83.3%Hyperliquid L1
16.7%Fees Share
Share of combined 24h fees
Ethereum
62.3%Hyperliquid L1
37.7%Revenue Share
Share of combined 24h revenue
Ethereum
37.7%Hyperliquid L1
62.3%7d TVL Performance
TVL change over last 7 days
Ethereum
-2.59%Hyperliquid L1
-7.54%Dominance
Market dominance by TVL
Ethereum
17.6%Hyperliquid L1
0.4%TVL Comparison
Ethereum
Hyperliquid L1