Compare CoWSwap and Hyperbeat on TVL, fees, revenue and activity to understand how these projects stack up.
CoW Swap is a decentralized exchange interface built on CoW Protocol, an intent-based meta-DEX aggregator that optimizes trades through batch auctions and a competitive network of solvers. Instead of executing swaps directly on-chain, users sign trade intents that are aggregated and matched via Coincidence of Wants (CoWs) or routed across multiple liquidity sources to achieve the best price. This architecture reduces slippage, captures price improvements, and protects users from Maximal Extractable Value (MEV). CoW Swap combines peer-to-peer matching with aggregated liquidity, enabling efficient, secure, and gas-optimized trading across multiple EVM networks. [oai_citation:0‡CoinMarketCap](https://coinmarketcap.com/cmc-ai/cow-protocol/what-is/?utm_source=chatgpt.com)
Hyperbeat Earn is Hyperliquid’s native yield layer, offering automated vaults that optimize returns across HyperEVM and Hypercore. Its Meta-Vault architecture continuously allocates liquidity to the best risk-adjusted opportunities, while delta-neutral strategies leverage Hypercore funding markets and Unit Protocol to generate sustainable, market-independent yield. The product suite also includes HYPE liquid staking and HIP-3 liquidity vaults, all secured with onchain solvency proofs. Hyperbeat Earn now manages hundreds of millions in TVL and serves as the primary yield hub of the Hyperliquid ecosystem.