Dune Analytics vs Arkham Intelligence
Hyperliquid ecosystem comparison · Analytics & Data
Best for ResearchQuick Take
Dune Analytics Community-powered data dashboards for tracking the entire Hyperliquid ecosystem on Multi-Layer, while Arkham Intelligence On-chain entity intelligence platform with Hyperliquid transaction analytics on Multi-Layer. Both are analytics & data protocols on Multi-Layer, making them direct competitors in the Hyperliquid ecosystem.
Based on public data for Dune Analytics and Arkham Intelligence. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.
Dune Analytics
Multi-LayerCommunity-powered data dashboards for tracking the entire Hyperliquid ecosystem
dune.com
Arkham Intelligence
Multi-LayerOn-chain entity intelligence platform with Hyperliquid transaction analytics
arkhamintelligence.comOverview
Dune Analytics
Dune Analytics is the leading community-powered blockchain data platform, where analysts write SQL queries against decoded on-chain data to build public dashboards—with a growing library of Hyperliquid-specific analytics. Hundreds of community-authored Dune dashboards track Hyperliquid metrics including total trading volume, open interest trends, liquidation waterfalls, fee revenue, top traders by P&L, and HLP vault performance. Dune's Spellbook framework enables reusable, cross-chain data models that standardize Hyperliquid data alongside Ethereum and Arbitrum metrics. For researchers, protocol teams, and investors, Dune provides free access to comprehensive Hyperliquid analytics without the need for custom indexing infrastructure. Its collaborative model means new Hyperliquid protocols can have community-built dashboards within days of launch, providing immediate transparency and accountability for the Hyperliquid ecosystem's growing DeFi activity.
Visit websiteArkham Intelligence
Arkham Intelligence is a blockchain analytics company that systematically maps on-chain activity to real-world entities using its proprietary ULTRA intelligence engine, with coverage of Hyperliquid's on-chain transactions. Arkham maps wallets to real-world entities—including exchanges, funds, and notable individuals—enabling transparent tracking of capital flows within the Hyperliquid ecosystem. Its Arkham Exchange marketplace allows researchers to buy and sell wallet intelligence, creating economic incentives for community-driven entity identification. On Hyperliquid, Arkham tracks large perp traders, identifies fund allocations into HyperEVM DeFi protocols, and follows bridge inflows from Ethereum and Arbitrum. For institutional participants and sophisticated retail traders, Arkham provides forensic-grade visibility into who is trading what on Hyperliquid's order books, enabling informed decisions about market positioning and potential price-moving flows.
Visit websiteFeature Comparison
| Feature | ||
|---|---|---|
| Layer | Multi-Layer | Multi-Layer |
| Category | Analytics & Data | Analytics & Data |
| Status | Active | Active |
| Launch Year | — | — |
| Website | dune.com | arkhamintelligence.com |
| — | — | |
| GitHub | Not public | Not public |
| Verified | Unverified | Unverified |
| Tags | — | — |
Score Comparison
Feature Matrix
| Feature | ||
|---|---|---|
| Open Source | ✗ | ✗ |
| Verified | ✗ | ✗ |
| Has Website | ✓ | ✓ |
| Has Twitter | ✗ | ✗ |
| Has GitHub | ✗ | ✗ |
| Active Status | ✓ | ✓ |
Key Differences
Similar Profiles
Both Dune Analytics and Arkham Intelligence are analytics & data protocols on Multi-Layer. The key differentiators will be in their specific implementations, UX, liquidity depth, and community traction.
When to Use Each
Choose Dune Analytics if you...
- ✓Want a analytics & data solution on Multi-Layer
- ✓Need: Community-powered data dashboards for tracking the entire Hyperliquid ecosystem
Choose Arkham Intelligence if you...
- ✓Want a analytics & data solution on Multi-Layer
- ✓Need: On-chain entity intelligence platform with Hyperliquid transaction analytics
Ecosystem Integration
Dune Analytics
Dune Analytics operates on Multi-Layer (spans multiple hyperliquid layers). Spanning multiple layers lets it combine the strengths of each, though integration complexity is higher.
Arkham Intelligence
Arkham Intelligence operates on Multi-Layer (spans multiple hyperliquid layers). Spanning multiple layers lets it combine the strengths of each, though integration complexity is higher.
Both protocols share the same layer, maximizing composability potential.
Community Verdict
Which do you prefer?
Share your experience with Dune Analytics or Arkham Intelligence to help others in the Hyperliquid community make better decisions.
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