Aevo vs Hyperliquid
Detailed side-by-side comparison of features, fees, and trading experience
| FEATURE | AEVO | HYPERLIQUID |
|---|---|---|
| Type | DEX | DEX |
| Taker Fee | 0.08% | 0.045% |
| Maker Fee | 0.05% | 0.015% |
| Max Leverage | 20x | 50x |
| Perp Pairs | 102 | 330 |
| Spot Trading | No | Yes |
| KYC Required | No | No |
| Rating | 4.2 | 4.8 |
Aevo vs Hyperliquid: key differences
Opening and closing a $10,000 position with market orders costs $9.00 on Hyperliquid and $16.00 on Aevo at base-tier taker fees, a difference of $7.00 per round trip.
For limit orders, Aevo charges makers 0.05%, while Hyperliquid charges makers 0.015%.
Hyperliquid allows up to 50x leverage against 20x on Aevo. The headline figure usually applies to a few markets only, so check the limit on the pair you trade.
Hyperliquid lists 330 perpetual markets, Aevo lists 102.
Hyperliquid also has spot trading; Aevo is perpetuals only.
Hyperliquid is the more liquid venue, with $2.3B in 24-hour volume against $2M on Aevo (about 1165 times more). Deeper books mean less slippage on large orders.
Neither exchange requires KYC: both are used by connecting a wallet.
Margin is posted in USDC, USDT, aeUSD, ETH +2 more on Aevo and in USDC, HYPE, BTC on Hyperliquid.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| Aevo | Hyperliquid | |
|---|---|---|
| Taker round trip on $10,000 | $16.00 | $9.00 |
| Maker round trip on $10,000 | $10.00 | $3.00 |
| Best-tier taker fee | 0.064% | 0.024% |
| BTC max leverage | 20x | 40x |
| Margin modes | cross, isolated | cross, isolated |
| 24h volume | $2M | $2.3B |
| TVL | $15M | $7.3B |
| Custody | non-custodial | non-custodial |
| Collateral | USDC, USDT, aeUSD, ETH +2 more | USDC, HYPE, BTC |
| Deposit networks | Ethereum, Arbitrum, Base +1 more | Arbitrum, Ethereum, Base +10 more |
| Minimum order | $10 | $10 |
| Order types | 7 | 16 |
| Options | Yes | No |
| Mobile app | Yes | Yes |
| Testnet or demo | Yes | Yes |
| Vaults or copy trading | No | Yes |
| Insurance fund | Yes | Yes |
| Audited | Yes | Yes |
| Restricted jurisdictions | 18 | 6 |
| Founded | 2022 | 2022 |
Choose Aevo if
- You trade options as well as perpetuals.
- You want a sign-up discount: 10% off fees through a referral link.
Choose Hyperliquid if
- You mostly use market orders: 0.045% taker fee against 0.08% on Aevo.
- You place limit orders: 0.015% maker fee against 0.05% on Aevo.
- You want higher leverage: up to 50x against 20x.
- You trade smaller or newer markets: 330 perpetual pairs against 102.
- You trade size and need liquidity: $2.3B in 24-hour volume against $2M.
- You want spot and perpetuals in one account.
Aevo
PROS
- + Options order book on BTC, ETH, SOL and HYPE next to 102 perpetual markets, all under one margin account with optional portfolio margin
- + 47 real-world asset perpetuals (US stocks, ETFs, gold, silver, oil, FX and pre-IPO names such as OpenAI) in addition to 55 crypto pairs
- + No KYC: trading starts after connecting an EVM wallet, and the exchange is non-custodial with settlement on the Aevo rollup
CONS
- − Maximum 20x leverage, and only on BTC, ETH, SOL, HYPE and ZEC; the other 97 perpetual markets are capped at 10x or 3x, far below GMX (100x) or Avantis (500x)
- − Base perpetual fees of 0.08% taker and 0.05% maker are higher than on Hyperliquid (0.045% taker), and makers pay a fee instead of getting a rebate
- − Low liquidity: about 2 million dollars of 24h perpetual volume and about 15 million dollars of TVL, which means thin order books on smaller pairs
Hyperliquid
PROS
- + Perpetuals taker fee of 0.045% and maker fee of 0.015% at the base tier, falling to 0.024% taker and 0% maker above 7 billion USD in 14-day volume, with a further discount of up to 40% for HYPE stakers
- + Up to 40x leverage on BTC perpetuals, 25x on ETH and 20x on SOL, and up to 50x on HIP-3 FX pairs (EUR, JPY, GBP) and S&P 500 perpetuals
- + No KYC: trading starts after connecting a wallet or email login, funds stay in the user's own account, and every order and liquidation is recorded onchain
CONS
- − USDC is the default perpetuals collateral; HYPE and BTC count as collateral only under portfolio margin, which requires more than 10,000 USD in account value or 5 million USD in volume
- − Restricted in the United States, Ontario (Canada), Russia, Cuba, Iran, North Korea and Syria; the frontend blocks IP addresses from restricted locations
- − The official mobile app is Android only and was released in April 2026 as a limited MVP; there is no iOS app, so iPhone users rely on the web app
Frequently Asked Questions
Is Aevo or Hyperliquid better?
Hyperliquid has a higher rating (4.8 vs 4.2). Hyperliquid offers lower fees (0.045% vs 0.08%). Choose Aevo for its features, and Hyperliquid for lower fees.
What are the fees on Aevo vs Hyperliquid?
Aevo charges 0.08% taker / 0.05% maker. Hyperliquid charges 0.045% taker / 0.015% maker for perpetuals.
Which has higher leverage, Aevo or Hyperliquid?
Aevo offers up to 20x, and Hyperliquid offers up to 50x (40x on BTC). Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do Aevo and Hyperliquid require KYC?
Aevo does not require KYC. Hyperliquid does not require KYC. Both restrict some jurisdictions (Aevo lists 18; Hyperliquid lists 6), so check the terms of service for your country before depositing.
Is Aevo or Hyperliquid safer?
Aevo has been audited and runs an insurance fund, and custody is non-custodial. Hyperliquid has been audited and runs an insurance fund, and custody is non-custodial. Neither audits nor insurance funds remove smart contract risk, so size deposits accordingly.
Which has more trading volume, Aevo or Hyperliquid?
Aevo recorded $2M in 24-hour volume and Hyperliquid recorded $2.3B, as of 2026-10-04. Aevo lists 102 perpetual markets and Hyperliquid lists 330.