DEX comparison
HyperliquidvsApeX Protocol
The perp-volume leader against a frictionless, no-KYC order-book challenger — deep liquidity versus easy onboarding.
At a glance
Higher 24h volume
Hyperliquid
$7.20B
Lower taker fee
Hyperliquid
0.035%
Deeper liquidity (TVL)
Hyperliquid
$4.40B
Longer track record
ApeX Protocol
since 2022
dexwatch score
Hyperliquid
92/100
Full comparison
Every figure is an approximate snapshot from public trackers. “Best” marks the stronger value in a row — higher volume or liquidity, lower fees, longer track record. Max leverage is shown as information, not a positive.
| Exchange | $HYPE ★★★★★★★★★★92/100Excellent | $APEX ★★★★★★★★★★82/100Solid |
|---|---|---|
| Type | Perp DEX | Perp DEX |
| Chains | Hyperliquid L1 | ArbitrumBNB ChainBase |
| 24h volume | $7.20BBest | $1.20B |
| 7d volume | $40.70BBest | $8.30B |
| Total value lockedLiquidity depth | $4.40BBest | $38.0M |
| Token price | $43.80 | $0.780 |
| 24h change | 3.20% | 1.10% |
| Market cap | $14.60B | $180.0M |
| Maker feeNegative = rebate | −0.02%Best | 0.02% |
| Taker feeLower is cheaper | 0.035%Best | 0.05% |
| Max leverageHigher = riskier | 50× | 50× |
| Trading pairs | 210Best | 58 |
| LaunchedLonger track record | 2024 | 2022Best |
| Security scoredexwatch estimate | 88/100Best | 76/100 |
| Audits | ZellicInternal | BlockSec |
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Hyperliquid vs ApeX Protocol FAQ
Which has higher trading volume, Hyperliquid or ApeX Protocol?
Hyperliquid — about $7.20B in the last 24 hours versus $1.20B on ApeX Protocol. Figures are an approximate snapshot and move constantly.
Is Hyperliquid or ApeX Protocol cheaper to trade?
Hyperliquid has the lower headline taker fee at 0.035%, versus 0.05% on ApeX Protocol. Network gas and price impact still apply on top.
Which has deeper liquidity, Hyperliquid or ApeX Protocol?
Hyperliquid holds more total value locked ($4.40B versus $38.0M), a rough proxy for how much size a market can absorb.
What's the main difference between Hyperliquid and ApeX Protocol?
Hyperliquid is a perp dex on Hyperliquid L1, while ApeX Protocol is a perp dex on Arbitrum, BNB Chain, Base. Match the venue to the chain and assets you actually use.
What are perpetuals & perp DEXes?Leverage risk & liquidationDEX trading fees: maker/taker & pool feeperpetualleveragefunding rate
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