Hyperliquid vs Sushiswap

πŸ‘‘ Overall Winner
Hyperliquid

Hyperliquid

Dexs

Hyperliquid is a Layer 1 DEX offering fully on-chain perpetual futures and spot trading with an order book.

Sushiswap

Sushiswap

Dexs

Sushiswap V3 is a multi-chain DEX protocol with a strong TVL and competitive advantages on Ethereum and Katana.

Metric Hyperliquid Sushiswap
Volume (24h) $118.0M πŸ† $10.8M
Volume (7d) $639.6M $22.5M
Volume (30d) $3.77B $129.0M
TVL $165.2M πŸ† $94.6M
Supported Chains 1 29 πŸ†
Fees (24h) $38K πŸ† $4K
Fees (7d) $323K $40K
Fees (30d) $1.8M $197K
Revenue (24h) $31K $1K
Revenue (30d) $1.5M $53K
Market Cap $14.92B $44.7M
FDV $64.06B $47.9M
Trading Pairs 59 77 πŸ†
Supported Coins 51 39
Year Established 2024 2023
Audit Status Not Audited Not Audited
πŸ† Hyperliquid leads 3:2

Hyperliquid β€” Supported Chains (1)

Hyperliquid L1

Sushiswap β€” Supported Chains (29)

Katana Ethereum Hemi Base Polygon Arbitrum RSK Filecoin Optimism ThunderCore Europa xDai Scroll Binance Avalanche Linea Arbitrum Nova Sonic Polygon zkEVM CORE +9

πŸ“ˆ Historical Trends

Left axis = Hyperliquid (purple), Right axis = Sushiswap (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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