Hyperliquid L1 vs Plasma

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.

Plasma is a high-performance layer 1 blockchain purpose-built for stablecoins, delivering near-instant, fee-free payments with institutional-grade security. Its infrastructure supports thousands of transactions per second, sub-second block times, and global interoperability across 100+ currencies and payment methods. Backed by industry leaders like Bitfinex and Founders Fund, Plasma aims to power the next phase of stablecoin adoption with scalable, decentralized rails for the digital dollar economy.