Hyperliquid vs Ondo Finance

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

$6.91B
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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$3.451B
Ondo Finance tokenises U.S. Treasuries (OUSG) and short‑term corporate notes (USDY), letting DeFi users earn off‑chain yield without KYC for small tickets. Redemptions above $100k trigger regulated KYC/AML, and tokens are soul‑bounded during the settlement window to comply with securities exemptions. OUSG is used as backing collateral for Flux’s RWA stablecoin and is integrated in Curve’s stableswap set.
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Key Metrics Comparison

Hyperliquid
TVL
$6.91B
24h Volume
$149.28M
24h Fees
$2.68M
24h Revenue
$2.03M
30d Fees
$68.22M
30d Revenue
$52.11M
7d TVL Change
+0.81%
Dominance
2.49%
Ondo Finance
TVL
$3.451B
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
1.24%

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
66.7%
Ondo Finance
33.3%

Volume Share

Share of combined 24h volume

Volume Share
Hyperliquid
1.0%
Ondo Finance
1.0%

Fees Share

Share of combined 24h fees

Fees Share
Hyperliquid
1.0%
Ondo Finance
1.0%

Revenue Share

Share of combined 24h revenue

Revenue Share
Hyperliquid
1.0%
Ondo Finance
1.0%

7d TVL Performance

TVL change over last 7 days

7d TVL Performance
Hyperliquid
0.81%
Ondo Finance
N/A

Dominance

Market dominance by TVL

Dominance
Hyperliquid
2.5%
Ondo Finance
1.2%
TVL Comparison
Hyperliquid
Ondo Finance