Hyperliquid vs Nado

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

$7.118B
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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$51.99M
Nado is a high-performance central-limit orderbook (CLOB) DEX built on Ink L2, combining off-chain execution with on-chain risk and settlement for ultra-low latency trading. It enables spot and perpetual markets under a unified margin system where collateral dynamically offsets risk across positions, maximizing capital efficiency. With features such as money markets, up to 20x leverage, liquidity provision via the NLP vault, and an HFT-friendly API, Nado delivers a professional trading experience with taker fees as low as 1.5 bps and maker rebates up to -0.8 bps, all while preserving full self-custody of assets.
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Key Metrics Comparison

Hyperliquid
TVL
$7.118B
24h Volume
$128.51M
24h Fees
$3.11M
24h Revenue
$2.39M
30d Fees
$85.3M
30d Revenue
$68.44M
7d TVL Change
-0.88%
Dominance
7.65%
Nado
TVL
$51.99M
24h Volume
$587K
24h Fees
$68.9K
24h Revenue
$29.2K
30d Fees
$1.81M
30d Revenue
$878.8K
7d TVL Change
+2.21%
Dominance
0.06%

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
99.3%
Nado
1.0%

Volume Share

Share of combined 24h volume

Volume Share
Hyperliquid
99.5%
Nado
1.0%

Fees Share

Share of combined 24h fees

Fees Share
Hyperliquid
97.8%
Nado
2.2%

Revenue Share

Share of combined 24h revenue

Revenue Share
Hyperliquid
98.8%
Nado
1.2%

7d TVL Performance

TVL change over last 7 days

7d TVL Performance
Hyperliquid
-0.88%
Nado
2.21%

Dominance

Market dominance by TVL

Dominance
Hyperliquid
7.6%
Nado
0.1%
TVL Comparison
Hyperliquid
Nado