Hyperliquid L1 vs Pharos

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

$2.484B
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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$73.5M
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Key Metrics Comparison

Hyperliquid L1
TVL
$2.484B
24h Volume
$287.53M
24h Fees
$5.66M
24h Revenue
$2.73M
30d Fees
$165.49M
30d Revenue
$75.81M
7d TVL Change
-3.94%
Dominance
2.68%
Pharos
TVL
$73.5M
24h Volume
$0
24h Fees
$9.8K
24h Revenue
$220
30d Fees
$311.2K
30d Revenue
$4.8K
7d TVL Change
-0.62%
Dominance
0.08%

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
97.1%
Pharos
2.9%

Volume Share

Share of combined 24h volume

Volume Share
Hyperliquid L1
100.0%
Pharos
1.0%

Fees Share

Share of combined 24h fees

Fees Share
Hyperliquid L1
99.8%
Pharos
1.0%

Revenue Share

Share of combined 24h revenue

Revenue Share
Hyperliquid L1
100.0%
Pharos
1.0%

7d TVL Performance

TVL change over last 7 days

7d TVL Performance
Hyperliquid L1
-3.94%
Pharos
-0.62%

Dominance

Market dominance by TVL

Dominance
Hyperliquid L1
2.7%
Pharos
0.1%
TVL Comparison
Hyperliquid L1
Pharos