Lighter vs Hyperliquid

Volume Ratio: Lighter / Hyperliquid Source: DefiLlama

Fees Ratio: Lighter / Hyperliquid Source: DefiLlama

Market Cap & Fees Ratio CoinGecko, DefiLlama

LIT/HYPE Relative Performance

Data: DefiLlama, CoinGecko, Hypurrscan

Valuation Comparison

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Lighter FDV
--
Hyperliquid FDV
--
Lighter 24H Fees
--
Hyperliquid 24H Fees
--
Lighter is worth -- of Hyperliquid Lighter's 24H revenue is -- of Hyperliquid HYPE premium: --

Lighter

--
24h Volume
--
Crypto Share
--
RWA Share

Hyperliquid

--
24h Volume
--
Crypto Share
--
RWA Share

Lighter Fees

24h Total: --
Crypto: --
RWA: --

Hyperliquid Fees (via Hypurrscan)

24h Total: --
Main DEX: --
XYZ (RWA): --
Other HIP-3: --

Lighter Volume Share Crypto vs RWA %

Lighter Fee Share Crypto vs RWA %

HL Volume Share Crypto vs RWA %

HL Fee Share Crypto vs RWA %

HIP-3 Growth Mode Status

Assets with growth mode enabled have 90% fee discount. Hyperliquid receives 50% of HIP-3 fees. Click a DEX to expand.

DEX Assets Growth Enabled Full Fee Growth Mode Vol Full Fee Vol 24h Fees (HL)
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Data: Hypurrscan, CoinGecko, Hyperliquid API, Lighter API

Lighter LP Daily Returns

LLP Metrics

Sharpe Ratio --
Average Daily Returns --
Returns Volatility --
Maximum Drawdown --
APY (Annualized) --
Total Value --

Hyperliquid LP Daily Returns (30 days available)

HLP Metrics

Sharpe Ratio --
Average Daily Returns --
Returns Volatility --
Maximum Drawdown --
APY (Annualized) --
Total Value --

Data: Lighter API, Hyperliquid API

Lighter (LIT) — 1B Supply

Hyperliquid (HYPE) — 1B Supply

Lighter 15% rebate

--
Long Avg Rate
--
Long Net Funding ($1MM)
--
Long Rebate ⓘ
--
Short Avg Rate
--
Short Net Funding ($1MM)
--
Short Rebate ⓘ

Hyperliquid

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Long Avg Rate
--
Long Net Funding ($1MM)
--
Short Avg Rate
--
Short Net Funding ($1MM)

Funding Rate annualized (positive = longs pay)

Cumulative Long Net Funding ($1MM) negative = paid, positive = earned

Cumulative Short Net Funding ($1MM) negative = paid, positive = earned

Order Book Depth Comparison

Hyperliquid: --
Lighter: --
(bps)
(bps)
Data: Hyperliquid, Lighter (Real-time WebSocket)