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Hyperliquid vs Drift: which perp DEX is better?

A side-by-side comparison of Hyperliquid and Drift on fees, leverage, volume, chain and token.

HyperliquidDrift
24h volume$2.90B$280M
Maker fee1.5 bps-0.5 bps
Taker fee4.5 bps4 bps
Max leverage50x20x
ModelOrderbookOrderbook
ChainHyperliquid L1Solana
Token$HYPE$DRIFT
AssetsCryptoCrypto

Hyperliquid vs Drift: which should you choose?

If your priority is cost, Drift wins on taker fees (4 bps). For maximum leverage, Hyperliquid goes up to 50x. For depth and liquidity, Hyperliquid trades the most volume of the two.

Hyperliquid runs a orderbook on Hyperliquid L1, while Drift runs a orderbook on Solana. Read the full profiles: Hyperliquid and Drift.

FAQ

Is Hyperliquid or Drift cheaper?
Drift has the lower taker fee (4 bps vs 4.5 bps). Funding rates also affect total cost, so check both before trading.
Which has higher leverage, Hyperliquid or Drift?
Hyperliquid offers more, up to 50x, versus 20x. Higher leverage means higher liquidation risk.
Which is bigger, Hyperliquid or Drift?
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.