PERP.WIKI

ASXN vs Silo Finance

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 Silo Finance Isolated lending markets ensuring risk containment for any token on HyperEVM on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.

Based on public data for ASXN and Silo Finance. 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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Silo Finance logo

Silo Finance

Silo Finance is an isolated lending market protocol where each asset gets its own lending silo, ensuring that a compromise in one market cannot cascade to others. By pairing each asset with a bridge asset (ETH or stablecoins), Silo achieves risk isolation while maintaining capital efficiency for borrowers. This architecture is particularly valuable on HyperEVM where newer Hyperliquid spot tokens carry varying risk profiles. Silo v2 introduces permissionless market creation with configurable interest rate models and liquidation mechanisms, enabling any project to deploy a lending market for their token on Hyperliquid. The protocol's battle-tested security model and isolation-first design make it attractive for long-tail asset markets that larger monolithic protocols cannot safely support. Silo's architecture allows the Hyperliquid ecosystem to support lending for any HIP-1 token without threatening the security of other markets.

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Feature Comparison

FeatureASXN logoASXNSilo Finance logoSilo Finance
LayerHyperCoreMulti-Layer
CategoryAnalytics & DataLending & Borrowing
StatusActiveActive
Launch Year2025
Websitehyperliquid.asxn.xyzsilo.finance
Twitter@asxn_r
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
analyticsportfolioPnLdashboards

Score Comparison

ASXNSilo Finance
Open Source
ASXN
Not public
Silo Finance
Not public
Verified
ASXN
Unverified
Silo Finance
Unverified
Ecosystem Breadth
ASXN
4 tags
Silo Finance
0 tags
Maturity
ASXN
Since 2025
Silo Finance
Unknown

Feature Matrix

FeatureASXN logoASXNSilo Finance logoSilo Finance
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 Silo Finance 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 Silo Finance targets lending & borrowing. 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 Silo Finance if you...

  • Want a lending & borrowing solution on Multi-Layer
  • Need: Isolated lending markets ensuring risk containment for any token on HyperEVM

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.

Silo Finance logo

Silo Finance

Silo Finance 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 Silo Finance to help others in the Hyperliquid community make better decisions.

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