776 protocols rated$360.8B TVL tracked14 sectors

Hyperliquid HLP Alternatives: Similar Derivatives Protocols Compared

Hyperliquid HLP carries a risk grade of C (47/100). Below are 52 Derivatives protocols ranked by safety — from safest to riskiest — as potential alternatives.

Current Protocol

Hyperliquid HLP

Derivatives

Risk

C

Value

B

TVL

$424M

Safety analysis →Investment analysis →

AlternativeRiskValueTVL

1

B

C-

$39M

2

B-

D+

$9M

3

BorosSafer

B-

B

$9M

4

Helix PerpSafer

B-

C+

$5M

5

Drift ProtocolSafer

B-

B-

$318M

6

B-

B

$126M

7

B-

D-

$7M

8

B-

D+

$478,000

9

B-

D

$42M

10

TorosSafer

B-

D

$10M

11

B-

D+

$205M

12

Vest MarketsSafer

B-

D-

$4M

13

B-

C-

$38M

14

B-

C+

$25M

15

B-

B-

$74M

16

B-

D+

$50M

17

B-

C+

$81M

18

Predict FunSafer

B-

D-

$16M

19

Contango V2Safer

C+

D-

$16M

20

Synthetix V3Safer

C+

C+

$44M

21

MoonlanderSafer

C+

D

$32M

22

C+

C-

$95M

23

GRVTSafer

C+

C

$120M

24

Kinetiq MarketsSafer

C+

D

$31M

25

C+

D

$20M

26

C+

D

$36M

27

Reya PerpsSafer

C+

D

$23M

28

C+

C

$16M

29

C+

C-

$85M

30

FlashTradeSafer

C+

C-

$10M

31

Fulcrom PerpsSafer

C+

C-

$15M

32

Gains NetworkSafer

C+

B-

$23M

33

C+

C

$6M

34

ELFi ProtocolSafer

C+

D+

$5M

35

edgeXSafer

C+

C

$438M

36

Ethereal DEXSafer

C+

D+

$58M

37

HegicSafer

C+

C-

$9M

38

Level FinanceSafer

C+

D

$778,000

39

MYX FinanceSafer

C+

D

$20M

40

SynFutures V3Safer

C+

C-

$3M

41

C+

C+

$100M

42

Jupiter Perpetual ExchangeSafer

C

B

$843M

43

ParclSafer

C

D-

$5M

44

Storm TradeSafer

C

D+

$9M

45

C

D

$15M

46

C

D

$10M

47

C

B-

$267M

48

C

D+

$22M

49

C

C

$4M

50

C-

B-

$6.0B

51

Thetanuts Finance

C-

B-

$18M

52

D+

D-

$4M

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