Market Dashboard

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

Price with 7-Day Revenue Multiples (Market Cap)

Multiples:
Formula How the multiple lines are calculated
RollingRevenue(t) = sum(dailyRevenue, last 7 days)
AnnualizedRevenue(t) = RollingRevenue(t) * (365 / 7)
P/E(t) = Market Cap(t) / AnnualizedRevenue(t)
MultipleLine(t) = Price(t) * (SelectedMultiple / P/E(t))
Top P/E comparison uses full-window coverage: 7 / 7 days. Lower price-with-multiples charts allow partial coverage: at least 5 days.

LIT vs HYPE Actual P/E (Market Cap)

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LIT Price with 7-Day Revenue Multiples

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HYPE Price with 7-Day Revenue Multiples

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Data: CoinGecko market cap/price/supply (FDV derived from supply) + DefiLlama daily revenue (rolling annualized).

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

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

Hyperliquid

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

Binance

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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

LIT Staked
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--
HYPE Staked
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--

Staked as % of Circulating Supply

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Data: Lighter API, Hypurrscan allDelegations + Hyperliquid validatorSummaries (HYPE adjusted to exclude known non-circulating treasury wallets), CoinGecko circulating supply.

Lighter (LIT) Hyperliquid (HYPE)
Revenue YTD (% of Circ. MCap)
Lighter --
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Hyperliquid --
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Revenue YTD
Lighter --
Core + Robinhood
Hyperliquid --
Protocol revenue
Selected range revenue (USD)
Lighter --
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Hyperliquid --
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Daily Revenue (% of Circ. MCap)

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No revenue data in the selected range.

Daily Revenue Breakdown

Lighter revenue is split into core and Robinhood components.
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No daily revenue rows found.
Lighter data: official exchangeMetrics APIs. Hyperliquid data: DefiLlama dailyRevenue. Market-cap data: CoinGecko. Transfer, withdrawal, liquidation, and builder-code revenue are excluded from the Lighter calculation.
Secondary metric
Buyback history
Lighter (LIT) Hyperliquid (HYPE)
Buybacks YTD (% of Circ. MCap)
Lighter --
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Hyperliquid --
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Buybacks YTD
Lighter --
--
Hyperliquid --
--
Selected range buybacks (USD)
Lighter --
--
Hyperliquid --
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Buybacks

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No buyback activity in selected range.

Recent Buybacks

No recent buybacks found.

DAUs

Accounts with at least one filled trade that day. Excludes unfilled orders and other exchange activity.
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No DAU data in selected range.

# of Users with a Position

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No position-user data in selected range.

Total Open Positions

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No open-position data in selected range.

Order Book Depth Comparison

Hyperliquid: --
Lighter: --
Binance: --
(bps)
(bps)
(bps)

Data: Hyperliquid, Lighter, Binance Futures (optional, real-time WebSocket)

Execution Cost Comparison

Live taker-cost view comparing Lighter against Hyperliquid or Binance using visible order book depth plus trading fees. "BPs from Mid" measures slippage against each venue's own mid price. "All-in Price" shows the effective execution price per unit (including fees), making cross-venue price differences visible.

Compare To
Method
Side
Fee Inputs (bps)
Binance
Lighter
HL Base Taker Rate is applied before each asset's live HIP-3 deployer scale and growth-mode adjustment. Derived HL rates are shown on each row.
Add at least one overlapping asset to compare live execution costs.

Orderbook Features

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Hyperliquid
No data yet.
Lighter
No data yet.
Time-series view for the selected feature metric across both venues.

Cross-Venue Divergence Blowouts

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Current Net Edge
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Current Regime Age
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Time In Blowout
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P95 Net Edge
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Episode Timeline
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Time In Bucket
No data yet.
Duration Histogram
No data yet.
Survival Curve (P(duration ≥ t))
No data yet.
Longest Episodes
No data yet.