Hyperliquid leads on 3 of 5 shared benchmarks, Polymarket on 2. Hyperliquid wins on Perp DEX volume share, live 24h notional ranked ($3.28B vs $48.51M), Perp DEX open interest, live USD notional ranked ($7.17B vs $21.93M), Perp DEX funding stability, 24h stddev of ETH funding ranked (0.00039% vs 0.014%). Polymarket wins on Cheapest perp DEX, live all-in fee on a $1000 ETH 10x long (0.041% vs 0.046%), Cheapest perp venue to hold a position, live funding normalized (0.08 bps vs 3.00 bps).
Onchain perp DEX on the Hyperliquid L1. Fully onchain orderbook with sub-second matching, no off-chain matching engine.
The largest crypto prediction market, settled on Polygon via UMA optimistic oracle. CLOB-style order book hosted on the Polymarket gateway with sub-second publish latency for live odds.
Hyperliquid
Trails0.046 %
Polymarket
Leads0.041 %
Per chain
| Chain | Hyperliquid | Polymarket |
|---|---|---|
| ETH | 0.049% | 0.043% |
| BTC | 0.046% | 0.041% |
| SOL | 0.047% | 0.041% |
Hyperliquid
Trails3.00 bps
Polymarket
Leads0.08 bps
Hyperliquid
Leads$3.28B
Polymarket
Trails$48.51M
Hyperliquid
Leads$7.17B
Polymarket
Trails$21.93M
Hyperliquid
Leads0.00039 %
Polymarket
Trails0.014 %
A pair is published when all four conditions hold. Both providers run in the same OpenChainBench benchmark for at least seven consecutive days. Each provider has at least 1000 samples in the measurement window. The head to head query has observable third party search demand. Both providers have a public /products/[slug] page on OCB. The full pair ledger is versioned in the public repo so the methodology is externally verifiable.