Hyperliquid vs Raydium

Hyperliquid

Hyperliquid

Dexs

Hyperliquid on Hyperliquid L1 runs a fully on-chain order-book DEX with CEX-like trading flow.

πŸ‘‘ Overall Winner
Raydium

Raydium

Dexs

An on-chain order book AMM powering the evolution of DeFi.

Metric Hyperliquid Raydium
Volume (24h) $127.1M πŸ† $26.0M
Volume (7d) $701.4M N/A
Volume (30d) $4.06B N/A
TVL $165.2M $989.1M πŸ†
Supported Chains 1 1
Fees (24h) $63K N/A
Fees (7d) $340K N/A
Fees (30d) $1.9M N/A
Revenue (24h) $52K N/A
Revenue (30d) $1.5M N/A
Market Cap $8.71B N/A
FDV $34.71B N/A
Trading Pairs 14 43 πŸ†
Supported Coins 51 N/A
Year Established 2024 N/A
Audit Status Not Audited Not Audited
πŸ† Raydium leads 2:1

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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