Dune Analytics vs Chaos Labs
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 Chaos Labs DeFi risk analytics and parameter optimization for Hyperliquid ecosystem protocols 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 Chaos Labs. 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
Chaos Labs
Multi-LayerDeFi risk analytics and parameter optimization for Hyperliquid ecosystem protocols
chaoslabs.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 websiteChaos 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.
Visit websiteFeature Comparison
| Feature | ||
|---|---|---|
| Layer | Multi-Layer | Multi-Layer |
| Category | Analytics & Data | Analytics & Data |
| Status | Active | Active |
| Launch Year | — | — |
| Website | dune.com | chaoslabs.xyz |
| — | — | |
| 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 Chaos Labs 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 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
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.
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.
Both protocols share the same layer, maximizing composability potential.
Community Verdict
Which do you prefer?
Share your experience with Dune Analytics or Chaos Labs to help others in the Hyperliquid community make better decisions.
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