Babylon Protocol vs HyperSwap

Compare Babylon Protocol and HyperSwap on TVL, fees, revenue and activity to understand how these projects stack up.

$3.109B
Babylon exports Bitcoin’s economic security to Proof‑of‑Stake networks by letting holders restake native BTC without wrapping. Validators lock BTC in time‑locked UTXOs; mis‑behaviour is punished via cryptographic slashing that burns the locked coins. A Cosmos‑SDK based testnet secured by Babylon went live in March 2024, paving the way for mainnet in late 2025 and integrations with EigenLayer and Berachain.
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$19.27M
HyperSwap V3 is a concentrated-liquidity automated market maker on HyperEVM. Liquidity providers choose price ranges for their capital, allowing active liquidity to support swaps more efficiently than a full-range pool while earning fees from trades. The exchange is integrated with HyperSwap's broader routing, liquidity and terminal products across the Hyperliquid ecosystem.
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Key Metrics Comparison

Babylon Protocol
TVL
$3.109B
24h Volume
N/A
24h Fees
N/A
24h Revenue
N/A
30d Fees
N/A
30d Revenue
N/A
7d TVL Change
+1.38%
Dominance
1.12%
HyperSwap
TVL
$19.27M
24h Volume
$9.93M
24h Fees
$57.1K
24h Revenue
$1.2K
30d Fees
$790.1K
30d Revenue
$77.5K
7d TVL Change
-2.68%
Dominance
0.01%

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
Babylon Protocol
99.4%
HyperSwap
1.0%

Volume Share

Share of combined 24h volume

Volume Share
Babylon Protocol
1.0%
HyperSwap
1.0%

Fees Share

Share of combined 24h fees

Fees Share
Babylon Protocol
1.0%
HyperSwap
1.0%

Revenue Share

Share of combined 24h revenue

Revenue Share
Babylon Protocol
1.0%
HyperSwap
1.0%

7d TVL Performance

TVL change over last 7 days

7d TVL Performance
Babylon Protocol
1.38%
HyperSwap
-2.68%

Dominance

Market dominance by TVL

Dominance
Babylon Protocol
1.1%
HyperSwap
0.0%
TVL Comparison
Babylon Protocol
HyperSwap