Market Dashboard

Lighter vs Hyperliquid

Volume Ratio: Lighter / Hyperliquid Source: DefiLlama

Fees Ratio: Lighter / Hyperliquid Source: DefiLlama

Market Cap & Fees Ratio CoinGecko, DefiLlama

LIT/HYPE Relative Performance

Data: DefiLlama, CoinGecko, Hypurrscan

Valuation Comparison

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Lighter FDV
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Hyperliquid FDV
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Lighter 24H Fees
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Hyperliquid 24H Fees
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Lighter is worth -- of Hyperliquid Lighter's 24H revenue is -- of Hyperliquid HYPE premium: --
HYPE premium

Lighter

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24h Volume
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Crypto Share
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RWA Share

Hyperliquid

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24h Volume
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Crypto Share
--
RWA Share

Lighter Fees

24h Total: --
Crypto: --
RWA: --

Hyperliquid Fees (via Hypurrscan)

24h Total: --
Main DEX: --
XYZ (RWA): --
Other HIP-3: --

Lighter Volume Share Crypto vs RWA %

Lighter Fee Share Crypto vs RWA %

HL Volume Share Crypto vs RWA %

HL Fee Share Crypto vs RWA %

HIP-3 Growth Mode Status

Assets with growth mode enabled have 90% fee discount. Hyperliquid receives 50% of HIP-3 fees. Click a DEX to expand.

DEX Assets Growth Enabled Full Fee Growth Mode Vol Full Fee Vol 24h Fees (HL)
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Data: Hypurrscan, CoinGecko, Hyperliquid API, Lighter API

Price with 7-Day Revenue Multiples (Market Cap)

Multiples:
Formula How the multiple lines are calculated
RollingRevenue(t) = sum(dailyRevenue, last 7 days)
AnnualizedRevenue(t) = RollingRevenue(t) * (365 / 7)
P/E(t) = Market Cap(t) / AnnualizedRevenue(t)
MultipleLine(t) = Price(t) * (SelectedMultiple / P/E(t))
Top P/E comparison uses full-window coverage: 7 / 7 days. Lower price-with-multiples charts allow partial coverage: at least 5 days.

LIT vs HYPE Actual P/E (Market Cap)

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LIT Price with 7-Day Revenue Multiples

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HYPE Price with 7-Day Revenue Multiples

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Data: CoinGecko market cap/price/supply (FDV derived from supply) + DefiLlama daily revenue (rolling annualized).

Lighter LP Daily Returns

LLP Metrics

Sharpe Ratio --
Average Daily Returns --
Returns Volatility --
Maximum Drawdown --
APY (Annualized) --
Total Value --

Hyperliquid LP Daily Returns (30 days available)

HLP Metrics

Sharpe Ratio --
Average Daily Returns --
Returns Volatility --
Maximum Drawdown --
APY (Annualized) --
Total Value --

Data: Lighter API, Hyperliquid API

Lighter (LIT) — 1B Supply

Hyperliquid (HYPE) — 1B Supply

Lighter 15% rebate

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Long Avg Rate
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Long Net Funding ($1MM)
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Long Rebate ⓘ
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Short Avg Rate
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Short Net Funding ($1MM)
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Short Rebate ⓘ

Hyperliquid

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Long Avg Rate
--
Long Net Funding ($1MM)
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Short Avg Rate
--
Short Net Funding ($1MM)

Binance

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Long Avg Rate
--
Long Net Funding ($1MM)
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Short Avg Rate
--
Short Net Funding ($1MM)

Funding Rate annualized (positive = longs pay)

Cumulative Long Net Funding ($1MM) negative = paid, positive = earned

Cumulative Short Net Funding ($1MM) negative = paid, positive = earned

LIT Staked
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HYPE Staked
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Staked as % of Circulating Supply

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Data: Lighter API, Hypurrscan allDelegations + Hyperliquid validatorSummaries (HYPE adjusted to exclude known non-circulating treasury wallets), CoinGecko circulating supply.

Lighter (LIT) Hyperliquid (HYPE)
Buybacks YTD (% of Circ. MCap)
Lighter --
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Hyperliquid --
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Buybacks YTD
Lighter --
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Hyperliquid --
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Selected range buybacks (USD)
Lighter --
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Hyperliquid --
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Buybacks

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No buyback activity in selected range.

Recent Buybacks

No recent buybacks found.

Order Book Depth Comparison

Hyperliquid: --
Lighter: --
(bps)
(bps)
Data: Hyperliquid, Lighter (Real-time WebSocket)