Perp DEX volume share, live 24h notional ranked
TradingHyperliquid
Leads$7.45B
- p99
- $9.44B
- rank
- #1
- samples
- 2,879
Lighter RH
Trails$543.93M
- p99
- $559.73M
- rank
- #8
- samples
- 1,836
24h perp volume
Hyperliquidn/aLighter RHn/a
Hyperliquid vs Lighter RH
Hyperliquid leads on all 3 live benchmarks. Hyperliquid wins on Perp DEX volume share, live 24h notional ranked ($7.45B vs $543.93M), Most tradable markets on a perp DEX, live count per venue (178 vs 57), Perp DEX asset breadth (142 vs 43).
Hyperliquid
Onchain perp DEX on the Hyperliquid L1. Fully onchain orderbook with sub-second matching, no off-chain matching engine.
Side by side measurements
Most tradable markets on a perp DEX, live count per venue
TradingHyperliquid
Leads178
- p99
- 178
- rank
- #8
- samples
- 2,879
Lighter RH
Trails57
- p99
- 57
- rank
- #19
- samples
- 1,836
Active markets
Hyperliquidn/aLighter RHn/a
Perp DEX asset breadth: non-crypto markets live, forex + stocks + indices + commodities
TradingHyperliquid
Leads142
- p99
- 142
- rank
- #1
- samples
- 1,936
Lighter RH
Trails43
- p99
- 43
- rank
- #9
- samples
- 1,836
Non-crypto markets
Hyperliquidn/aLighter RHn/a
Market count reflects the Mobula perp pairs catalog at query time. Only mainnet markets are counted (testnets excluded). Asset class tags (forex, stocks, indices, commodities) are assigned by Mobula's editorial taxonomy and updated when new pairs are listed. Venues not in the Mobula catalog (Hyperliquid, GMX, dYdX, Ostium, Vertex, Paradex, Aster) are monitored separately: their catalogs are crypto-only or verified crypto-only by native API.
Frequently asked questions
Hyperliquid vs Lighter RH: which one is better?
Hyperliquid and Lighter RH are compared on 3 shared OpenChainBench benchmarks. Hyperliquid leads on Perp DEX volume share, live 24h notional ranked. See the live table on this page for every metric.
Which has the higher 24h perp volume, Hyperliquid or Lighter RH?
On the Perp DEX volume share, live 24h notional ranked benchmark, Hyperliquid leads at $7.45B versus Lighter RH at $543.93M. Live measurement is updated continuously by the OpenChainBench harness.
How is the Hyperliquid vs Lighter RH comparison measured?
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
Related comparisons
How this pair was selected
Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing; panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.