HyperLendMicro-cap

HyperLend receives a B- risk grade (29/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — proven Aave lending codebase deployed on a newer chain (HyperEVM), balanced by institutional recognition and rapid adoption. HyperLend is a lending protocol on Hyperliquid's HyperEVM blockchain, built as an officially recognized fork of Aave. It offers both shared-risk core pools and isolated markets, with $308M in deposits. Its B grade reflects the proven Aave codebase and standard lending design, with moderate risk from operating on the newer HyperEVM chain.

The key risks identified for HyperLend are: (1) HyperLend runs on Hyperliquid's HyperEVM chain, which is newer and less battle-tested than Ethereum. Chain-level issues could temporarily freeze lending operations during critical periods. (2) As a fork of Aave, the lending mechanics are well-understood, but modifications for HyperEVM compatibility could introduce subtle bugs not present in the original Aave deployment. (3) The protocol shares 10% of revenue with the Aave DAO under its licensing agreement, reducing economic efficiency compared to unlicensed alternatives.

HyperLend scores 29/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 6/20, Oracle Surface: 2/10, Documentation Gaps: 2/10, Track Record: 6/15, Scale Exposure: 5/10, Regulatory Risk: 3/10, Vitality Risk: 5/10. The highest risk area is Scale Exposure at 5/10.

Among 90 rated Lending protocols on Hindenrank, HyperLend ranks #15 by safety (lowest risk score = safest). Its 29/100 risk score and B- grade place it among the safer Lending protocols.

HyperLend scores 6/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.