Hyperliquid vs Morpho Blue
Compare Hyperliquid and Morpho Blue on TVL, fees, revenue and activity to understand how these projects stack up.
$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.
View Full Page$9.488B
Morpho Blue is a minimal peer‑to‑peer lending primitive where anyone can deploy an isolated market smart contract referencing an external Chainlink price feed. Rates dynamically converge toward Compound V3 curves but settle peer‑to‑peer, which removes spread capture by the protocol and routes it to lenders and borrowers. The entire factory is less than 500 lines of Solidity and was formally verified by Certora.
View Full PageKey Metrics Comparison
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%
Dominance2.48%
Morpho Blue
TVL$9.488B
24h VolumeN/A
24h Fees$575.3K
24h Revenue$0
30d Fees$18M
30d Revenue$0
7d TVL Change+0.23%
Dominance3.41%
Category Performance
Visual comparison across key categories. Ring fill represents relative strength or share between the two assets.
TVL Share
Share of combined TVL
Hyperliquid
42.1%Morpho Blue
57.9%Volume Share
Share of combined 24h volume
Hyperliquid
1.0%Morpho Blue
1.0%Fees Share
Share of combined 24h fees
Hyperliquid
82.0%Morpho Blue
18.0%Revenue Share
Share of combined 24h revenue
Hyperliquid
100.0%Morpho Blue
1.0%7d TVL Performance
TVL change over last 7 days
Hyperliquid
1.66%Morpho Blue
0.23%Dominance
Market dominance by TVL
Hyperliquid
2.5%Morpho Blue
3.4%TVL Comparison
Hyperliquid
Morpho Blue