Dune Analytics vs ASXN
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 ASXN Analytics dashboards for Hyperliquid — portfolio, vaults, revenue, and whale tracking on HyperCore. Both compete in the analytics & data space but operate on different layers, which affects their capabilities and composability.
Based on public data for Dune Analytics and ASXN. 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
ASXN
HyperCoreAnalytics dashboards for Hyperliquid — portfolio, vaults, revenue, and whale tracking
hyperliquid.asxn.xyzOverview
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 websiteASXN
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.
Visit websiteFeature Comparison
| Feature | ||
|---|---|---|
| Layer | Multi-Layer | HyperCore |
| Category | Analytics & Data | Analytics & Data |
| Status | Active | Active |
| Launch Year | — | 2025 |
| Website | dune.com | hyperliquid.asxn.xyz |
| — | @asxn_r | |
| GitHub | Not public | Not public |
| Verified | Unverified | Unverified |
| Tags | — | analyticsportfolioPnLdashboards |
Score Comparison
Feature Matrix
| Feature | ||
|---|---|---|
| Open Source | ✗ | ✗ |
| Verified | ✗ | ✗ |
| Has Website | ✓ | ✓ |
| Has Twitter | ✗ | ✓ |
| Has GitHub | ✗ | ✗ |
| Active Status | ✓ | ✓ |
Key Differences
Layer Architecture
Dune Analytics operates on Multi-Layer (spans multiple hyperliquid layers), while ASXN runs on HyperCore (native on-chain perpetual orderbook). This affects composability, transaction speed, and the types of integrations each protocol supports.
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 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
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.
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.
Community Verdict
Which do you prefer?
Share your experience with Dune Analytics or ASXN to help others in the Hyperliquid community make better decisions.
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