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  1. Home
  2. Projects
  3. Hyperliquid
  4. Vs
  5. Usdt0

Hyperliquid vs USDT0

Compare Hyperliquid and USDT0 on TVL, fees, revenue and activity to understand how these projects stack up.

$6.314B
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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$3.517B
USDT0 is the wrapped form of Tether issued by the cross‑chain router LayerZero to enable omnichain fungibility between Ethereum, Arbitrum, Optimism and BSC. The 0‑suffix indicates that redemptions are only possible through the canonical bridge rather than via Tether Treasury. The token carries a 0.1 % mint fee that is burned to offset bridge security costs.
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Key Metrics Comparison

Hyperliquid
TVL
$6.314B
24h Volume
$45.06M
24h Fees
$744.9K
24h Revenue
$542.2K
30d Fees
$57.63M
30d Revenue
$41.04M
7d TVL Change
-17.94%
Dominance
2.64%
USDT0
TVL
$3.517B
24h Volume
N/A
24h Fees
N/A
24h Revenue
N/A
30d Fees
N/A
30d Revenue
N/A
7d TVL Change
-2.18%
Dominance
1.47%

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
64.2%
USDT0
35.8%

Volume Share

Share of combined 24h volume

Volume Share
Hyperliquid
1.0%
USDT0
1.0%

Fees Share

Share of combined 24h fees

Fees Share
Hyperliquid
1.0%
USDT0
1.0%

Revenue Share

Share of combined 24h revenue

Revenue Share
Hyperliquid
1.0%
USDT0
1.0%

7d TVL Performance

TVL change over last 7 days

7d TVL Performance
Hyperliquid
-17.94%
USDT0
-2.18%

Dominance

Market dominance by TVL

Dominance
Hyperliquid
2.6%
USDT0
1.5%
TVL Comparison
Hyperliquid
USDT0