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Hyperliquid vs Lighter: which perp DEX is better?
A side-by-side comparison of Hyperliquid and Lighter on fees, leverage, volume, chain and token.
| Hyperliquid | Lighter |
|---|
| 24h volume | $2.90B | $1.00B |
| Maker fee | 1.5 bps | 0 bps |
| Taker fee | 4.5 bps | 2 bps |
| Max leverage | 50x | 50x |
| Model | Orderbook | Orderbook |
| Chain | Hyperliquid L1 | zk rollup (Ethereum L2) |
| Token | $HYPE | $LIT |
| Assets | Crypto | Crypto |
Hyperliquid vs Lighter: which should you choose?
If your priority is cost, Lighter wins on taker fees (2 bps). For maximum leverage, Hyperliquid goes up to 50x. For depth and liquidity, Hyperliquid trades the most volume of the two.
Hyperliquid runs a orderbook on Hyperliquid L1, while Lighter runs a orderbook on zk rollup (Ethereum L2). Read the full profiles: Hyperliquid and Lighter.
FAQ
- Is Hyperliquid or Lighter cheaper?
- Lighter has the lower taker fee (2 bps vs 4.5 bps). Funding rates also affect total cost, so check both before trading.
- Which has higher leverage, Hyperliquid or Lighter?
- Hyperliquid offers more, up to 50x, versus 50x. Higher leverage means higher liquidation risk.
- Which is bigger, Hyperliquid or Lighter?
- Hyperliquid has more listed 24h volume ($2.90B), which usually means deeper liquidity and less slippage.
More comparisons
Not financial advice. Volume figures are compiled from each venue's public data on our
live rankings and may lag; fees, leverage and token status are curated and can change. Always verify on the exchange before trading. Perpetual futures are high risk and leverage can liquidate your position.