GMX vs Hyperliquid
A detailed comparison of GMX and Hyperliquid covering fees, liquidity, supported chains, features, and more to help you choose the right DEX.
Side-by-Side Comparison
Supported Chains
GMX
2 chainsHyperliquid
1 chainsFee Calculator
See exactly how much you would pay in fees for a $1,000 swap on each exchange.
GMX
Hyperliquid
Savings: You save $3.00 per $1,000 trade by using Hyperliquid. That's $1095 saved annually on one trade per day.
Pros & Cons
GMX
Pros
- Real yield from fees (ETH/AVAX)
- Zero price impact up to limits
- Both spot and perpetuals
- Strong Arbitrum presence
Cons
- Liquidity pool has directional risk
- Limited to major trading pairs
- Higher fees than centralized venues
Hyperliquid
Pros
- Fastest on-chain perpetuals exchange
- Full on-chain order book with CEX-like UX
- Zero gas fees for trading
- Self-custodial with transparency
Cons
- Requires bridging to Hyperliquid L1
- Newer platform with less track record
- Limited spot trading pairs
Features
GMX
6 featuresHyperliquid
6 featuresWhich Should You Choose?
Hyperliquid leads in most metrics, particularly deeper liquidity and lower trading fees. However, GMX remains competitive with broader multi-chain support.
Hyperliquid
Choose Hyperliquid if you prioritize deeper liquidity, lower trading fees, higher trading volume.
Security Note: Both GMX (audited by ABDK, Quantstamp) and Hyperliquid (audited by Zellic) have been independently audited. Always verify audits and do your own research before depositing funds.
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