Coinbase Bridge vs Hyperliquid

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

$7.812B
cbBTC is Coinbase’s wrapped Bitcoin launched on Base and Ethereum to simplify DeFi access for exchange users. Custody is handled by Coinbase Prime with a daily on‑chain proof‑of‑reserve attestation signed by Deloitte. cbBTC is fungible 1:1 with native BTC and charges zero conversion fees during promotional periods.
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$6.902B
The Hyperliquid Bridge settles deposits and withdrawals between Ethereum and Hyperliquid’s Layer‑2 exchange once two‑thirds of validator stake signs the transaction. A light‑client circuit batches proofs so users receive near‑instant credit on Hyperliquid while final settlement finality matches Ethereum’s L1. Since launch in February 2025, average bridge latency has been under 90 seconds with no recorded reorg incidents.
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Key Metrics Comparison

Coinbase Bridge
TVL
$7.812B
24h Volume
N/A
24h Fees
N/A
24h Revenue
N/A
30d Fees
N/A
30d Revenue
N/A
7d TVL Change
N/A
Dominance
2.81%
Hyperliquid
TVL
$6.902B
24h Volume
$149.28M
24h Fees
$2.63M
24h Revenue
$1.98M
30d Fees
$68.29M
30d Revenue
$52.17M
7d TVL Change
+1.66%
Dominance
2.48%

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
Coinbase Bridge
53.1%
Hyperliquid
46.9%

Volume Share

Share of combined 24h volume

Volume Share
Coinbase Bridge
1.0%
Hyperliquid
1.0%

Fees Share

Share of combined 24h fees

Fees Share
Coinbase Bridge
1.0%
Hyperliquid
1.0%

Revenue Share

Share of combined 24h revenue

Revenue Share
Coinbase Bridge
1.0%
Hyperliquid
1.0%

7d TVL Performance

TVL change over last 7 days

7d TVL Performance
Coinbase Bridge
N/A
Hyperliquid
1.66%

Dominance

Market dominance by TVL

Dominance
Coinbase Bridge
2.8%
Hyperliquid
2.5%
TVL Comparison
Coinbase Bridge
Hyperliquid