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Hyperliquid vs Reya: which perp DEX is better?
A side-by-side comparison of Hyperliquid and Reya on fees, leverage, volume, chain and token.
| Hyperliquid | Reya |
|---|
| 24h volume | $2.90B | n/a |
| Maker fee | 1.5 bps | 0 bps |
| Taker fee | 4.5 bps | 0 bps |
| Max leverage | 50x | n/a |
| Model | Orderbook | Hybrid |
| Chain | Hyperliquid L1 | Reya Network (Ethereum L2) |
| Token | $HYPE | $REYA |
| Assets | Crypto | Crypto |
Hyperliquid vs Reya: which should you choose?
If your priority is cost, Reya wins on taker fees (0 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 Reya runs a hybrid on Reya Network (Ethereum L2). Read the full profiles: Hyperliquid and Reya.
FAQ
- Is Hyperliquid or Reya cheaper?
- Reya has the lower taker fee (0 bps vs 4.5 bps). Funding rates also affect total cost, so check both before trading.
- Which has higher leverage, Hyperliquid or Reya?
- Hyperliquid offers more, up to 50x, versus n/a. Higher leverage means higher liquidation risk.
- Which is bigger, Hyperliquid or Reya?
- 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.