Hyperliquid vs Lighter (Spot)
Hyperliquid
DexsHyperliquid is a Layer 1 DEX offering fully on-chain perpetual futures and spot trading with an order book.
Lighter (Spot)
DexsA decentralized trading platform with a strong focus on security and scalability, built on a relatively new blockchain.
| Metric | Hyperliquid | Lighter (Spot) |
|---|---|---|
| Volume (24h) | $118.0M π | $4.7M |
| Volume (7d) | $639.6M | $84.9M |
| Volume (30d) | $3.77B | $227.6M |
| TVL | $165.2M | N/A |
| Supported Chains | 1 | 0 |
| Fees (24h) | $38K π | $1K |
| Fees (7d) | $323K | $21K |
| Fees (30d) | $1.8M | $61K |
| Revenue (24h) | $31K | $1K |
| Revenue (30d) | $1.5M | $61K |
| Market Cap | $14.92B | $587.0M |
| FDV | $64.06B | $1.53B |
| Trading Pairs | 59 π | 2 |
| Supported Coins | 51 | 2 |
| Year Established | 2024 | 2025 |
| Audit Status | Not Audited | Not Audited |
| π Hyperliquid leads 3:0 | ||
Hyperliquid β Supported Chains (1)
Lighter (Spot) β Supported Chains (0)
π Historical Trends
Left axis = Hyperliquid (purple), Right axis = Lighter (Spot) (green) β independent scales
TVL (Total Value Locked)
Total USD value of assets deposited, representing user trust and liquidity depth.
Daily Trading Volume
Total trading volume over 24 hours, indicating platform activity and market-maker opportunities.
Daily Fees
Total trading fees paid by users, representing the gross value created for Liquidity Providers (LPs).
Daily Revenue
The portion of fees distributed to token holders or the protocol treasury, showing actual protocol profitability.
π Comparison Report
Read the analysis report comparing Hyperliquid and Lighter (Spot).
Volume & Liquidity Β· Fee Structure & Costs Β· Multi-chain & Ecosystem Β· User Recommendations Β· Trends & Innovation Β· Bottom Line
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