VS
Hyperliquid vs Jupiter Perps
The overall perps volume leader against Solana's biggest pool-based perp DEX. A neutral, side-by-side comparison.
| Feature | Hyperliquid | Jupiter Perps |
|---|---|---|
| Chain | Hyperliquid L1 | Solana |
| Trading model | On-chain CLOB | JLP pool + oracle |
| 24h volume | $8.5B | $1.6B |
| Open interest | $4.2B | $650M |
| Taker fee (from) | 0.035% | ~0.06% + impact |
| Markets | ~150 | ~60 (majors) |
| Depth on majors | Deepest | Very deep (JLP) |
| Ecosystem fit | Own L1 | Native Solana / Jupiter |
| Order types | Limit + market | Market, limited |
| Non-custodial | Yes | Yes |
The short version
Hyperliquid is the overall leader in perps — its on-chain order book carries the highest volume and open interest, the tightest spreads and the broadest active market list. Jupiter Perpetuals owns Solana: the JLP pool gives serious depth on majors, and its integration into the Jupiter aggregator puts it in front of most Solana traders by default.
The core trade-off is order book versus pool, and ecosystem. Hyperliquid gives you order-book execution and breadth; Jupiter gives you frictionless, deep majors trading without leaving Solana.
Which should you use?
If you want the deepest overall liquidity, more markets and proper limit orders, Hyperliquid is the stronger venue. If your capital and workflow live on Solana and you mostly trade majors, Jupiter is the natural home. Plenty of traders use both across ecosystems.
Verdict
Hyperliquid wins on overall depth, markets and execution; Jupiter wins for Solana-native traders. Pick based on where you trade and how much market breadth you need.