HyperliquidvsRISEx
Purpose-built L1 versus Ethereum L2: Hyperliquid’s scale against RISEx’s fully on-chain order book, lower base fees and a much shorter record.
At a glance
Full comparison
Every figure is a dated snapshot from public sources (Oct 10, 2026); fields without a verifiable source show n/a. “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 ★★★★★★★★★★91/100Excellent | $— ★★★★★★★★★★68/100Fair |
|---|---|---|
| Type | Perp DEX | Perp DEX |
| Chains | Hyperliquid L1 | RISE (Ethereum L2) |
| 24h volume | $2.52BBest | $93.3M |
| 7d volume | $34.33BBest | $808.3M |
| Total value lockedLiquidity depth | $7.11BBest | $21.2M |
| Open interest | $11.96BBest | $38.0M |
| Token price | $84.23 | No token |
| 24h change | 0.98% | — |
| Market cap | $18.74B | n/a |
| Maker feeNegative = rebate | 0.015% | 0.01%Best |
| Taker feeLower is cheaper | 0.045% | 0.03%Best |
| Max leverageHigher = riskier | 40× | 25× |
| Trading pairs | 178Best | 40 |
| LaunchedLonger track record | 2024Best | 2026 |
| Security scoredexwatch estimate | 88/100 | n/a |
| Audits | Zellic (bridge) | Not available |
Launched invite-only in spring 2026; whether access is fully open now is not verified. L2BEAT rates RISE below Stage 0 (instantly upgradable contracts, no exit window). The RISE blog names Spearbit and yAudit as auditors, but the reports are not published.
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The honest take
We have not published an editorial pros-and-cons review for RISEx yet; the figures above come from public sources.