Hyperliquid vs Raydium

Hyperliquid

Hyperliquid

Dexs

Order-book DEX on Hyperliquid L1 with fully onchain matching and zero-gas trading UX.

πŸ‘‘ Overall Winner
Raydium

Raydium

Dexs

Solana-native CLMM DEX combining concentrated liquidity with order-routing and an integrated DeFi app suite.

Metric Hyperliquid Raydium
Volume (24h) $200.2M πŸ† $83.1M
Volume (7d) $1.06B $1.04B
Volume (30d) $3.31B $4.39B
TVL $149.2M $994.6M πŸ†
Supported Chains 1 1
Fees (24h) $82K $154K πŸ†
Fees (7d) $516K $1.2M
Fees (30d) $1.7M $7.0M
Revenue (24h) $71K $23K
Revenue (30d) $1.3M $1.0M
Market Cap $11.41B $189.4M
FDV $45.78B $391.2M
Trading Pairs 6 6,722 πŸ†
Supported Coins 55 2,976
Year Established 2024 2021
Audit Status Not Audited Not Audited
πŸ† Raydium leads 3:1

Hyperliquid β€” Supported Chains (1)

Hyperliquid L1

Raydium β€” Supported Chains (1)

Solana

πŸ“ˆ Historical Trends

Left axis = Hyperliquid (purple), Right axis = Raydium (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.

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