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Hyperliquid vs ApeX Protocol: which perp DEX is better?
A side-by-side comparison of Hyperliquid and ApeX Protocol on fees, leverage, volume, chain and token.
| Hyperliquid | ApeX Protocol |
|---|
| 24h volume | $2.90B | $1.30B |
| Maker fee | 1.5 bps | 2 bps |
| Taker fee | 4.5 bps | 5 bps |
| Max leverage | 50x | 100x |
| Model | Orderbook | Orderbook |
| Chain | Hyperliquid L1 | Multichain (zkLink) |
| Token | $HYPE | $APEX |
| Assets | Crypto | Crypto |
Hyperliquid vs ApeX Protocol: which should you choose?
If your priority is cost, Hyperliquid wins on taker fees (4.5 bps). For maximum leverage, ApeX Protocol goes up to 100x. For depth and liquidity, Hyperliquid trades the most volume of the two.
Hyperliquid runs a orderbook on Hyperliquid L1, while ApeX Protocol runs a orderbook on Multichain (zkLink). Read the full profiles: Hyperliquid and ApeX Protocol.
FAQ
- Is Hyperliquid or ApeX Protocol cheaper?
- Hyperliquid has the lower taker fee (4.5 bps vs 5 bps). Funding rates also affect total cost, so check both before trading.
- Which has higher leverage, Hyperliquid or ApeX Protocol?
- ApeX Protocol offers more, up to 100x, versus 50x. Higher leverage means higher liquidation risk.
- Which is bigger, Hyperliquid or ApeX Protocol?
- Hyperliquid has more listed 24h volume ($2.90B), which usually means deeper liquidity and less slippage.
More comparisons
Not financial advice. Volume figures are compiled from each venue's public data on our
live rankings and may lag; fees, leverage and token status are curated and can change. Always verify on the exchange before trading. Perpetual futures are high risk and leverage can liquidate your position.