Hyperliquid vs Raydium
Compare Hyperliquid and Raydium on TVL, fees, revenue and activity to understand how these projects stack up.
$8.493B
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$1.182B
Raydium is a Solana AMM that mirrors liquidity onto the central limit order book of OpenBook, giving takers the best of AMM depth and CLOB price discovery. V2 introduced concentrated liquidity, personal farm vaults and an on‑chain RFQ engine for institutional flow. RADIO token emissions follow a halving schedule every six months to curb inflation.
View Full PageKey Metrics Comparison
Hyperliquid
TVL$8.493B
24h Volume$140.83M
24h Fees$3.64M
24h Revenue$2.78M
30d Fees$83.24M
30d Revenue$66.48M
7d TVL Change-0.48%
Dominance9.39%
Raydium
TVL$1.182B
24h Volume$133.88M
24h Fees$331.7K
24h Revenue$52.9K
30d Fees$22.6M
30d Revenue$3.72M
7d TVL Change-0.65%
Dominance1.31%
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
87.8%Raydium
12.2%Volume Share
Share of combined 24h volume
Hyperliquid
51.3%Raydium
48.7%Fees Share
Share of combined 24h fees
Hyperliquid
91.6%Raydium
8.4%Revenue Share
Share of combined 24h revenue
Hyperliquid
98.1%Raydium
1.9%7d TVL Performance
TVL change over last 7 days
Hyperliquid
-0.48%Raydium
-0.65%Dominance
Market dominance by TVL
Hyperliquid
9.4%Raydium
1.3%TVL Comparison
Hyperliquid
Raydium