Hyperliquid L1 vs Polygon

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

$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.
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$691.61M
Polygon PoS combines Plasma checkpoints with a Proof‑of‑Stake validator set, supplying low‑fee EVM smart contracts. The Polygon 2.0 roadmap introduces Aggregation Layer and.zk‑powered chains (CDK) that will share a unified POL staking token. Partnerships with Starbucks Odyssey and DraftKings underline its consumer‑brand strategy.
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Key Metrics Comparison

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%
Dominance
0.36%
Polygon
TVL
$691.61M
24h Volume
$133.02M
24h Fees
$1.22M
24h Revenue
$561.2K
30d Fees
$36.95M
30d Revenue
$17.96M
7d TVL Change
+0.98%
Dominance
0.24%

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
59.7%
Polygon
40.3%

Volume Share

Share of combined 24h volume

Volume Share
Hyperliquid L1
63.7%
Polygon
36.3%

Fees Share

Share of combined 24h fees

Fees Share
Hyperliquid L1
81.7%
Polygon
18.3%

Revenue Share

Share of combined 24h revenue

Revenue Share
Hyperliquid L1
81.9%
Polygon
18.1%

7d TVL Performance

TVL change over last 7 days

7d TVL Performance
Hyperliquid L1
-7.54%
Polygon
0.98%

Dominance

Market dominance by TVL

Dominance
Hyperliquid L1
0.4%
Polygon
0.2%
TVL Comparison
Hyperliquid L1
Polygon