VS
Perpmate vs Jupiter Perps
A Hyperliquid-powered order book against Solana's biggest pool-based perps venue. Here's how they stack up.
| Feature | Perpmate ★ | Jupiter Perps |
|---|---|---|
| Underlying venue | Hyperliquid order book | Solana · JLP liquidity pool |
| 24h volume | $8.5B (Hyperliquid) | $1.6B |
| Open interest | $4.2B | $650M |
| Trading model | Central limit order book | Pool + oracle pricing |
| Taker fee (from) | 0.035% | ~0.06% + price impact |
| Markets | ~150 | ~60 (majors focused) |
| Liquidity on majors | Deepest (Hyperliquid) | Very deep (JLP) |
| Mobile, copy trading & bots | Yes | Limited |
| Best for | All-round traders | Solana-native traders |
| Non-custodial | Yes | Yes |
Why the community picks Perpmate
Jupiter Perpetuals is the powerhouse of Solana perps — the JLP pool provides serious depth on majors and it's tightly woven into the Jupiter aggregator that most Solana users already touch daily. If your world is entirely Solana, it's a fantastic, A-tier choice.
But on raw depth and execution, Perpmate's Hyperliquid backing pulls ahead: the deepest perp order book in DeFi, order-book execution with proper limit orders instead of pool-and-oracle pricing, a wider market list and lower headline fees — plus copy-trading and bots on top. For traders who aren't tied to the Solana ecosystem, it's the more capable all-round venue.
When Jupiter still makes sense
If you live on Solana, hold SOL-ecosystem assets and mostly trade the majors, Jupiter Perps gives you deep, familiar liquidity with minimal friction. Plenty of traders use Jupiter for Solana-native size and Perpmate for Hyperliquid depth.
Verdict
For overall liquidity, execution and tooling, Perpmate is the community's pick. Jupiter Perps remains the go-to for dedicated Solana traders.