EVEDEX vs Hyperliquid
Detailed side-by-side comparison of features, fees, and trading experience
| FEATURE | EVEDEX | HYPERLIQUID |
|---|---|---|
| Type | HYBRID | DEX |
| Taker Fee | 0.045% | 0.045% |
| Maker Fee | 0.015% | 0.015% |
| Max Leverage | 200x | 50x |
| Perp Pairs | 52 | 330 |
| Spot Trading | No | Yes |
| KYC Required | No | No |
| Rating | 3.9 | 4.8 |
EVEDEX vs Hyperliquid: key differences
Trading costs are level at the base tier: both charge a 0.045% taker fee, so opening and closing a $10,000 position with market orders costs $9.00 on either exchange.
EVEDEX allows up to 200x leverage against 50x on Hyperliquid. The headline figure usually applies to a few markets only, so check the limit on the pair you trade.
Hyperliquid lists 330 perpetual markets, EVEDEX lists 52.
Hyperliquid also has spot trading; EVEDEX is perpetuals only.
Hyperliquid is the more liquid venue, with $2.3B in 24-hour volume against $709M on EVEDEX (about 3.3 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 USDT on EVEDEX 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
| EVEDEX | Hyperliquid | |
|---|---|---|
| Taker round trip on $10,000 | $9.00 | $9.00 |
| Maker round trip on $10,000 | $3.00 | $3.00 |
| Best-tier taker fee | 0.0225% | 0.024% |
| BTC max leverage | 200x | 40x |
| Margin modes | cross | cross, isolated |
| 24h volume | $709M | $2.3B |
| TVL | $4M | $7.3B |
| Custody | non-custodial | non-custodial |
| Collateral | USDT | USDC, HYPE, BTC |
| Deposit networks | Arbitrum, Base, Eventum (Arbitrum Orbit L3) +2 more | Arbitrum, Ethereum, Base +10 more |
| Minimum order | $5 | $10 |
| Order types | 5 | 16 |
| Options | No | No |
| Mobile app | Yes | Yes |
| Testnet or demo | Yes | Yes |
| Vaults or copy trading | Yes | Yes |
| Insurance fund | Yes | Yes |
| Audited | Yes | Yes |
| Restricted jurisdictions | 6 | 6 |
| Founded | 2024 | 2022 |
Choose EVEDEX if
- You want higher leverage: up to 200x against 50x.
Choose Hyperliquid if
- You trade smaller or newer markets: 330 perpetual pairs against 52.
- You trade size and need liquidity: $2.3B in 24-hour volume against $709M.
- You want spot and perpetuals in one account.
- You want to post margin in more than one asset.
- You want a sign-up discount: 4% off fees through a referral link.
EVEDEX
PROS
- + No blockchain gas fees for trading: orders are matched off-chain and settled on the Eventum L3, and the minimum order value is 5 USDT
- + Up to 200x leverage on BTC, ETH and SOL perpetuals, with base fees of 0.045% taker and 0.015% maker on all 52 markets
- + Non-custodial: funds sit in user-controlled smart accounts and settle on-chain, and no KYC is required to trade
CONS
- − Perpetual futures only (52 pairs): spot is listed as coming soon and there are no options markets
- − Only USDT is accepted as collateral and only cross margin is available; isolated margin is still described as planned in the docs
- − TVL is about 3.7 million dollars on DeFiLlama, far below the largest perpetual DEXs, so large positions can face slippage
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 EVEDEX or Hyperliquid better?
Hyperliquid has a higher rating (4.8 vs 3.9). Choose EVEDEX for higher leverage, and Hyperliquid for its features.
What are the fees on EVEDEX vs Hyperliquid?
EVEDEX charges 0.045% taker / 0.015% maker. Hyperliquid charges 0.045% taker / 0.015% maker for perpetuals.
Which has higher leverage, EVEDEX or Hyperliquid?
EVEDEX offers up to 200x, 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 EVEDEX and Hyperliquid require KYC?
EVEDEX does not require KYC. Hyperliquid does not require KYC. Both restrict some jurisdictions (EVEDEX lists 6; Hyperliquid lists 6), so check the terms of service for your country before depositing.
Is EVEDEX or Hyperliquid safer?
EVEDEX 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, EVEDEX or Hyperliquid?
EVEDEX recorded $709M in 24-hour volume and Hyperliquid recorded $2.3B, as of 2026-10-04. EVEDEX lists 52 perpetual markets and Hyperliquid lists 330.