What's the difference between Ethereum and Hyperliquid?

Ethereum: The largest smart contract platform powering DeFi, NFTs, and Layer 2 scaling solutions. Hyperliquid: Purpose-built Layer 1 for on-chain perpetual futures and spot trading. They differ on consensus, execution, developer ecosystem, and retail adoption. Sharpe's chain-tracker exposes the quantitative difference across TVL, performance, and activity metrics.

Which chain is better, Ethereum or Hyperliquid?

Depends on your thesis. Compare 7d/30d TVL change (where is DeFi capital going), native-token performance (market view on the base chain), and ecosystem performance with native-token excluded (dApp layer health). The chain winning on more dimensions is the stronger current bet. Rankings rotate as Sharpe refreshes aggregate tracker data every 30 minutes.

How do I track Ethereum vs Hyperliquid rotation?

Set up parallel watchlists on Sharpe's chain-tracker for both chains. Monitor TVL delta (DefiLlama via Sharpe), ecosystem aggregate performance, and social mindshare. A meaningful divergence across multiple dimensions signals active rotation. Confirm with funding-rate positioning on the two native tokens.

Are Ethereum and Hyperliquid correlated?

Most chain tokens correlate 0.7–0.9 with BTC during risk-on regimes. Chain-specific catalysts (upgrades, ETF flows, outages) decouple performance temporarily. Use Sharpe's Correlation Matrix with Ethereum and Hyperliquid native tokens to see the current rolling correlation.

Ethereum vs Hyperliquid — Chain Comparison: TVL, Performance & Activity

Ethereum vs Hyperliquid — Live Stats

Metric	Ethereum	Hyperliquid	Δ
Aggregate Market Cap	$786.54B	$20.63B	+3712.5%
TVL	$43.29B	$0.00	—
24h Change	-0.20%	+2.99%	—
7d Change	-3.80%	+9.58%	—
30d Change	-3.27%	+5.29%	—
24h Volume	$96.88B	$1.04B	+9229.9%
Open Interest	$5.56B	$395.59M	+1304.7%
Coin Count	50	48	—
Dominance (vs total crypto mcap)	+15.51%	+0.41%	—

Live ecosystem stats from Sharpe's tracker cache, refreshed every 30 minutes.