Hyperliquid vs HyperSwap

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

$7.058B
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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$17.08M
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

Hyperliquid
TVL
$7.058B
24h Volume
$102.5M
24h Fees
$3.14M
24h Revenue
$2.42M
30d Fees
$88.17M
30d Revenue
$70.99M
7d TVL Change
-3.14%
Dominance
2.49%
HyperSwap
TVL
$17.08M
24h Volume
$2.69M
24h Fees
$7K
24h Revenue
$1.7K
30d Fees
$235K
30d Revenue
$50.4K
7d TVL Change
-4.33%
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
Hyperliquid
99.8%
HyperSwap
1.0%

Volume Share

Share of combined 24h volume

Volume Share
Hyperliquid
97.4%
HyperSwap
2.6%

Fees Share

Share of combined 24h fees

Fees Share
Hyperliquid
99.8%
HyperSwap
1.0%

Revenue Share

Share of combined 24h revenue

Revenue Share
Hyperliquid
99.9%
HyperSwap
1.0%

7d TVL Performance

TVL change over last 7 days

7d TVL Performance
Hyperliquid
-3.14%
HyperSwap
-4.33%

Dominance

Market dominance by TVL

Dominance
Hyperliquid
2.5%
HyperSwap
0.0%
TVL Comparison
Hyperliquid
HyperSwap