PERP.WIKI

ASXN vs Flipside Crypto

Hyperliquid ecosystem comparison · Analytics & Data

Best for Research
Different Focus Areas

Quick Take

ASXN Analytics dashboards for Hyperliquid — portfolio, vaults, revenue, and whale tracking on HyperCore, while Flipside Crypto Community analytics platform with SQL access and bounties for Hyperliquid data on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.

Based on public data for ASXN and Flipside Crypto. 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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Flipside Crypto logo

Flipside Crypto

Flipside Crypto is a blockchain analytics platform that provides free SQL access to decoded on-chain data for Hyperliquid and 30+ other blockchain networks, with a unique reward system that pays analysts for high-quality research. Flipside's curated data models decode Hyperliquid's complex L1 events—including perp trades, vault interactions, and spot market activity—into analyst-friendly tables, enabling data scientists without blockchain expertise to derive insights. Its Bounty system allows Hyperliquid ecosystem protocols to sponsor research questions and reward community analysts for answering them, creating a crowdsourced analytics workforce. LiveQuery features enable real-time data access for dashboard applications, while API endpoints allow developers to integrate Hyperliquid analytics directly into their applications. Flipside has cultivated one of the largest communities of on-chain data analysts, many of whom have developed deep Hyperliquid expertise through participation in protocol-sponsored bounty programs.

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Feature Comparison

FeatureASXN logoASXNFlipside Crypto logoFlipside Crypto
LayerHyperCoreMulti-Layer
CategoryAnalytics & DataData APIs
StatusActiveActive
Launch Year2025
Websitehyperliquid.asxn.xyzflipsidecrypto.xyz
Twitter@asxn_r
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
analyticsportfolioPnLdashboards

Score Comparison

ASXNFlipside Crypto
Open Source
ASXN
Not public
Flipside Crypto
Not public
Verified
ASXN
Unverified
Flipside Crypto
Unverified
Ecosystem Breadth
ASXN
4 tags
Flipside Crypto
0 tags
Maturity
ASXN
Since 2025
Flipside Crypto
Unknown

Feature Matrix

FeatureASXN logoASXNFlipside Crypto logoFlipside Crypto
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 Flipside Crypto runs on Multi-Layer (spans multiple hyperliquid layers). This affects composability, transaction speed, and the types of integrations each protocol supports.

Category Focus

ASXN is focused on analytics & data, while Flipside Crypto targets data apis. They serve different user needs within the Hyperliquid ecosystem.

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 Flipside Crypto if you...

  • Want a data apis solution on Multi-Layer
  • Need: Community analytics platform with SQL access and bounties for Hyperliquid data

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.

Flipside Crypto logo

Flipside Crypto

Flipside Crypto 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 Flipside Crypto to help others in the Hyperliquid community make better decisions.

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