Most tradable markets on a perp DEX, live count across 14 venues
TradingHYPE
Leads178
- p99
- 178
- rank
- #7
- samples
- 2,880
Ostium
Trails83
- p99
- 83
- rank
- #9
- samples
- 2,880
HYPE vs Ostium
Split decision: HYPE leads on Most tradable markets on a perp DEX, live count across 14 venues (178 vs 83); Ostium leads on Perp DEX capital efficiency (7 vs 0.026).
HYPE
Onchain perp DEX on the Hyperliquid L1. Fully onchain orderbook with sub-second matching, no off-chain matching engine.
Ostium
Arbitrum-based perp DEX specialized in RWA exposure including FX, commodities and indices.
Side by side measurements
Perp DEX capital efficiency: active markets per $M TVL, live
TradingHYPE
Trails0.026
- p99
- 0.026
- rank
- #4
- samples
- 2,880
Ostium
Leads7
- p99
- 7
- rank
- #2
- samples
- 2,880
TVL from DefiLlama /protocol/{slug} currentChainTvls, excluding staking and pool2 categories. Market count from each venue's native API (same source as the perp-active-markets bench). The ratio reflects architectural choices, not absolute liquidity: a high ratio means the venue can list many markets cheaply, not that each market has deep liquidity. Compare with perp-open-interest for the liquidity angle.
Perp DEX price to fees ratio 2026: Hyperliquid, Aster, Lighter, GMX, GNS live
Trading| Provider | Fees 30d | Revenue 30d | Open interest | Fees / OI |
|---|---|---|---|---|
| HYPE | $83.39M | $65.33M | $7.29B | 0.139x |
| Ostium | $765.8K | $543.8K | $7.89M | 1.180x |
P/F = circulating market cap (CoinGecko) / annualized fees (DeFiLlama dailyFees, trailing 30d x 365/30), on the DeFiLlama parent the token accrues from. Fees include the share paid to liquidity providers; P/S uses protocol revenue only. Low-float tokens show a much higher FDV/F than P/F. Pre-TGE venues are listed unranked with fees and OI, no ratio. A low multiple is not a recommendation.
Frequently asked questions
HYPE vs Ostium: which one is better?
HYPE and Ostium are compared on 3 shared OpenChainBench benchmarks. HYPE leads on Most tradable markets on a perp DEX, live count across 14 venues. Ostium leads on Perp DEX capital efficiency. See the live table on this page for every metric.
Which is more active, HYPE or Ostium?
On the Most tradable markets on a perp DEX, live count across 14 venues benchmark, HYPE leads at 178 versus Ostium at 83. Live measurement is updated continuously by the OpenChainBench harness.
Which is more active, HYPE or Ostium?
On the Perp DEX capital efficiency benchmark, Ostium leads at 7 versus HYPE at 0.026. Live measurement is updated continuously by the OpenChainBench harness.
How is the HYPE vs Ostium 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.