Head-to-Head Comparison
| Feature | Hyperliquid | Lighter |
|---|---|---|
| Taker Fee | 0.028% | 0% |
| Maker Fee | 0% (rebates) | 0% |
| Gas Fees | $0 | $0 |
| Daily Volume | $5.9B | Growing |
| Max Leverage | 40x | Perps available |
| Security Model | Hyperliquid L1 | ZK-rollup on Ethereum |
| Verifiable | Onchain order book | ZK proofs on Ethereum |
| Ecosystem | Large, $HYPE token | Growing, $LIT token |
| Best For | Serious traders, high volume | Cost-sensitive, retail traders |
When to Choose Hyperliquid
Hyperliquid is the clear winner for serious volume. With $5.9B daily volume, deep liquidity, and 40x leverage, it's the go-to DEX for professional traders. The 4% fee discount with code HOLYGRAIL makes the already-low 0.028% taker fee even cheaper.
When to Choose Lighter
Lighter wins for cost-conscious traders. Zero fees on standard accounts means no cost to trade. If you're scalping or trading high frequency, the savings add up fast. Use code 718610TD for bonuses.
Verdict
Can't go wrong with either. Hyperliquid for volume and liquidity. Lighter for zero fees and ZK security. Many traders use both depending on their strategy.