Hyperliquid vs Injective
Hyperliquid traded 240× Injective's 24-hour volume ($8.17B vs $34.1M) and holds 3089× its open interest.
Head to head
the arrow points to the better figure| Hyperliquid | Injective | |
|---|---|---|
| Trading | ||
| $9.13 | BTC trade, $10k | — |
| $1,121 | BTC trade, $1M | — |
| $39.8M | BTC book depth | — |
| 0.045%/0.015% | Taker / maker▶ | 0.000%/0.000% |
| 40x | Max leverage▶ | 100x |
| Size | ||
| $8.17B | ◀Volume 24h | $34.1M |
| $6.96B | ◀Volume, 7-day average | $48.7M |
| $10.11B | ◀Open interest | $3.3M |
| $6.34B | TVL | — |
| Markets | ||
| 179 | Markets▶ | 297 |
| 164 | ◀Stocks & RWA | 123 |
| 1h | Funding paid every | — |
| +0.0100% | BTC funding /8h | −0.0025% |
| +0.722% | BTC longs paid, 30d | +1.261% |
| Access | ||
| No ID | KYC | No ID |
| $HYPE | Token | $INJ |
| Season 2 | Airdrop | — |
Volume by asset class
last 90 daysOn both: 0
funding /8h · Net 7d at $10kOnly on Hyperliquid: 179
BTC · ETH · HYPE · ZEC · SOL · XRP · NEAR · XMR · LIT · PUMP · ENA · UNI · DOGE · LINK · VVV · AAVE · PEPE · ZRO · WLD · BNB · XPL · SUI · MON · TAO · PAXG · ADA · STRK · AERO · ASTER · GRASS · CASHCAT · GRAM · LTC · FARTCOIN · ONDO · WLFI · AVAX · TRX · TRUMP · ARB · CRV · PURR · PONS · USELESS · XLM · HBAR · ETHFI · PENDLE · LDO · MEGA · CHIP · BCH · BONK · JUP · TIA · FET · FIL · CC · INJ · MORPHO · and 119 more
Only on Injective: 0
Questions
Which has more markets, Hyperliquid or Injective?
Hyperliquid lists 179 active markets and Injective 297; 0 assets trade on both.
Does Hyperliquid or Injective require KYC?
Hyperliquid: No ID: any EVM wallet or an email login; the app is closed to the US, Ontario and sanctioned countries. Injective: No ID on Helix (email, Google or a wallet); Injective's terms block the UK, Canada, Russia, Belarus and sanctioned countries.
Can you arbitrage funding between Hyperliquid and Injective?
Not profitably right now: none of the 0 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Hyperliquid or Injective?
24-hour volume: Hyperliquid $8.17B, Injective $34.1M. Open interest as each reports it: $10.11B and $3.3M. TVL: $6.34B and none published.