Hyperliquid vs Orderly Perps

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

$7.085B
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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Key Metrics Comparison

Hyperliquid
TVL
$7.085B
24h Volume
$128.51M
24h Fees
$3.11M
24h Revenue
$2.39M
30d Fees
$85.3M
30d Revenue
$68.44M
7d TVL Change
-1.76%
Dominance
7.67%
Orderly Perps
TVL
N/A
24h Volume
$88.33M
24h Fees
$6K
24h Revenue
N/A
30d Fees
$164.6K
30d Revenue
N/A
7d TVL Change
N/A
Dominance
0.00%

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
1.0%
Orderly Perps
1.0%

Volume Share

Share of combined 24h volume

Volume Share
Hyperliquid
59.3%
Orderly Perps
40.7%

Fees Share

Share of combined 24h fees

Fees Share
Hyperliquid
99.8%
Orderly Perps
1.0%

Revenue Share

Share of combined 24h revenue

Revenue Share
Hyperliquid
1.0%
Orderly Perps
1.0%

7d TVL Performance

TVL change over last 7 days

7d TVL Performance
Hyperliquid
-1.76%
Orderly Perps
N/A

Dominance

Market dominance by TVL

Dominance
Hyperliquid
7.7%
Orderly Perps
0.0%