Hyperliquid L1 vs Tron

Compare Hyperliquid L1 and Tron 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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$5.605B
TRON runs delegated proof‑of‑stake with 27 Super Representatives producing blocks every 3 seconds, making it popular for stablecoin settlement. Its Sun Network sidechains scale contract capacity, while BitTorrent Chain bridges assets to Ethereum and BSC. The 2024 GreatVoyage hard fork implemented Stake 1.0, allowing flexible resource delegation.
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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%
Tron
TVL
$5.605B
24h Volume
$56.9M
24h Fees
$315.1K
24h Revenue
$69.2K
30d Fees
$8.11M
30d Revenue
$1.3M
7d TVL Change
-2.10%
Dominance
1.98%

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
15.4%
Tron
84.6%

Volume Share

Share of combined 24h volume

Volume Share
Hyperliquid L1
80.4%
Tron
19.6%

Fees Share

Share of combined 24h fees

Fees Share
Hyperliquid L1
94.5%
Tron
5.5%

Revenue Share

Share of combined 24h revenue

Revenue Share
Hyperliquid L1
97.3%
Tron
2.7%

7d TVL Performance

TVL change over last 7 days

7d TVL Performance
Hyperliquid L1
-7.54%
Tron
-2.10%

Dominance

Market dominance by TVL

Dominance
Hyperliquid L1
0.4%
Tron
2.0%
TVL Comparison
Hyperliquid L1
Tron