Hyperliquid L1 vs MegaETH

Compare Hyperliquid L1 and MegaETH on TVL, fees, revenue and activity to understand how these projects stack up.

$1.531B
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.
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$43.05M
MegaETH is an Ethereum Layer-2 designed as a real-time blockchain, with documentation highlighting roughly 10 ms block times and real-time transaction processing. It keeps the EVM developer surface while redesigning execution, mini-blocks and settlement around low-latency applications. The network uses chain ID 4326 and has MEGA as its associated CoinGecko token.
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Key Metrics Comparison

Hyperliquid L1
TVL
$1.531B
24h Volume
$26.02M
24h Fees
$6.2K
24h Revenue
$3.2K
30d Fees
$4.03M
30d Revenue
$1.14M
7d TVL Change
-2.03%
Dominance
0.55%
MegaETH
TVL
$43.05M
24h Volume
$1.262B
24h Fees
$13.7K
24h Revenue
$10.6K
30d Fees
$407.3K
30d Revenue
$327K
7d TVL Change
-0.97%
Dominance
0.02%

Category Performance

Visual comparison across key categories. Ring fill represents relative strength or share between the two assets.

TVL Share

Share of combined TVL

TVL Share
Hyperliquid L1
97.3%
MegaETH
2.7%

Volume Share

Share of combined 24h volume

Volume Share
Hyperliquid L1
2.0%
MegaETH
98.0%

Fees Share

Share of combined 24h fees

Fees Share
Hyperliquid L1
31.2%
MegaETH
68.8%

Revenue Share

Share of combined 24h revenue

Revenue Share
Hyperliquid L1
22.9%
MegaETH
77.1%

7d TVL Performance

TVL change over last 7 days

7d TVL Performance
Hyperliquid L1
-2.03%
MegaETH
-0.97%

Dominance

Market dominance by TVL

Dominance
Hyperliquid L1
0.5%
MegaETH
0.0%
TVL Comparison
Hyperliquid L1
MegaETH