Compare Hyperliquid L1 and XRPL on TVL, fees, revenue and activity to understand how these projects stack up.
$1.283B
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.
The XRP Ledger (XRPL) is a decentralized Layer 1 blockchain optimized for payments, asset issuance, and tokenized value transfer. Known for its low fees, fast settlement times, and energy-efficient consensus mechanism, XRPL supports financial institutions, payment providers, and developers building global payment and tokenization solutions.