PERP.WIKI

ASXN vs Chaos Labs

Hyperliquid ecosystem comparison · Analytics & Data

Best for Research
Cross-Layer Alternatives

Quick Take

ASXN Analytics dashboards for Hyperliquid — portfolio, vaults, revenue, and whale tracking on HyperCore, while Chaos Labs DeFi risk analytics and parameter optimization for Hyperliquid ecosystem protocols on Multi-Layer. Both compete in the analytics & data space but operate on different layers, which affects their capabilities and composability.

Based on public data for ASXN and Chaos Labs. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.

Overview

ASXN logo

ASXN

ASXN is a professional-grade analytics platform dedicated to the Hyperliquid ecosystem, offering deep data tooling for traders, vault managers, and researchers who need more than surface-level metrics. The platform provides comprehensive portfolio PnL tracking with historical performance breakdowns, vault analytics that surface attribution and risk metrics for Hyperliquid's on-chain vaults, and broad market data covering perpetuals, spot markets, and HyperEVM protocol activity. ASXN fills a genuine gap for serious participants: block explorers show raw data, but ASXN interprets it — translating on-chain activity into actionable intelligence. Traders can analyze their own performance over time, identify patterns in their strategy execution, and benchmark against the broader market. Vault followers gain meaningful transparency into track records and risk profiles before committing capital. Market researchers can monitor ecosystem-wide trends including liquidity distribution, notable wallet flows, and protocol health indicators. Built specifically for Hyperliquid rather than adapted from a generic multi-chain analytics framework, ASXN understands the protocol's unique architecture — the interplay between L1 perpetuals and HyperEVM — and delivers insights that general-purpose platforms simply cannot replicate.

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Chaos Labs logo

Chaos Labs

Chaos Labs is a DeFi risk analytics and parameter optimization platform that uses agent-based simulations and quantitative modeling to help protocols manage risk and optimize capital efficiency. Working with major lending protocols, DEXes, and perpetuals markets including projects built on Hyperliquid, Chaos Labs provides data-driven recommendations for collateral factors, liquidation thresholds, and interest rate curves. Its economic security monitoring continuously stress-tests protocol parameters against simulated market scenarios including flash crashes and liquidity crises, alerting teams to potential vulnerabilities before they become exploits. For Hyperliquid ecosystem protocols handling significant TVL, Chaos Labs provides the rigorous quantitative framework necessary to safely scale while maintaining robust risk management. The platform's real-time dashboards give protocol teams and governance participants clear visibility into current risk exposure across all market conditions.

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Feature Comparison

FeatureASXN logoASXNChaos Labs logoChaos Labs
LayerHyperCoreMulti-Layer
CategoryAnalytics & DataAnalytics & Data
StatusActiveActive
Launch Year2025
Websitehyperliquid.asxn.xyzchaoslabs.xyz
Twitter@asxn_r
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
analyticsportfolioPnLdashboards

Score Comparison

ASXNChaos Labs
Open Source
ASXN
Not public
Chaos Labs
Not public
Verified
ASXN
Unverified
Chaos Labs
Unverified
Ecosystem Breadth
ASXN
4 tags
Chaos Labs
0 tags
Maturity
ASXN
Since 2025
Chaos Labs
Unknown

Feature Matrix

FeatureASXN logoASXNChaos Labs logoChaos Labs
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

ASXN operates on HyperCore (native on-chain perpetual orderbook), while Chaos Labs runs on Multi-Layer (spans multiple hyperliquid layers). This affects composability, transaction speed, and the types of integrations each protocol supports.

When to Use Each

Choose ASXN if you...

  • Want a analytics & data solution on HyperCore
  • Need features like analytics and portfolio
  • Need: Analytics dashboards for Hyperliquid — portfolio, vaults, revenue, and whale tracking

Choose Chaos Labs if you...

  • Want a analytics & data solution on Multi-Layer
  • Need: DeFi risk analytics and parameter optimization for Hyperliquid ecosystem protocols

Ecosystem Integration

ASXN logo

ASXN

ASXN operates on HyperCore (native on-chain perpetual orderbook). Running on HyperCore gives it direct access to the native orderbook with minimal latency and maximum throughput.

Chaos Labs logo

Chaos Labs

Chaos Labs operates on Multi-Layer (spans multiple hyperliquid layers). Spanning multiple layers lets it combine the strengths of each, though integration complexity is higher.

Community Verdict

Which do you prefer?

Share your experience with ASXN or Chaos Labs to help others in the Hyperliquid community make better decisions.

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