DEX comparison
HyperliquidvsJupiter
A pure perp powerhouse on its own L1 versus Solana's all-in-one swap aggregator that also offers perps — different jobs, often compared by new traders.
At a glance
Higher 24h volume
Hyperliquid
$7.20B
Lower taker fee
Hyperliquid
0.035%
Deeper liquidity (TVL)
Hyperliquid
$4.40B
Longer track record
Jupiter
since 2021
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 | $JUP ★★★★★★★★★★87/100Excellent |
|---|---|---|
| Type | Perp DEX | Spot Aggregator + Perps |
| Chains | Hyperliquid L1 | Solana |
| 24h volume | $7.20BBest | $2.40B |
| 7d volume | $40.70BBest | $14.00B |
| Total value lockedLiquidity depth | $4.40BBest | $2.50B |
| Token price | $43.80 | $0.550 |
| 24h change | 3.20% | 1.10% |
| Market cap | $14.60B | $1.60B |
| Maker feeNegative = rebate | −0.02%Best | 0% |
| Taker feeLower is cheaper | 0.035%Best | 0.07% |
| Max leverageHigher = riskier | 50× | 20× |
| Trading pairs | 210 | 1.2KBest |
| LaunchedLonger track record | 2024 | 2021Best |
| Security scoredexwatch estimate | 88/100Best | 84/100 |
| Audits | ZellicInternal | OtterSecSec3 |
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Hyperliquid vs Jupiter FAQ
Which has higher trading volume, Hyperliquid or Jupiter?
Hyperliquid — about $7.20B in the last 24 hours versus $2.40B on Jupiter. Figures are an approximate snapshot and move constantly.
Is Hyperliquid or Jupiter cheaper to trade?
Hyperliquid has the lower headline taker fee at 0.035%, versus 0.07% on Jupiter. Network gas and price impact still apply on top.
Which has deeper liquidity, Hyperliquid or Jupiter?
Hyperliquid holds more total value locked ($4.40B versus $2.50B), a rough proxy for how much size a market can absorb.
Which offers higher leverage, Hyperliquid or Jupiter?
Hyperliquid allows up to 50×, versus 20× on Jupiter. Higher leverage multiplies losses as fast as gains — it is information, not an advantage.
What's the main difference between Hyperliquid and Jupiter?
Hyperliquid is a perp dex on Hyperliquid L1, while Jupiter is a spot aggregator + perps on Solana. Match the venue to the chain and assets you actually use.
What are perpetuals & perp DEXes?Leverage risk & liquidationDEX aggregators: 1inch & Jupiteraggregatorslippageliquidity
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