Dune Analytics vs Silo Finance
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 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 Dune Analytics and Silo Finance. 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
Silo Finance
Multi-LayerIsolated lending markets ensuring risk containment for any token on HyperEVM
silo.financeOverview
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 websiteSilo 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.
Visit websiteFeature Comparison
| Feature | ||
|---|---|---|
| Layer | Multi-Layer | Multi-Layer |
| Category | Analytics & Data | Lending & Borrowing |
| Status | Active | Active |
| Launch Year | — | — |
| Website | dune.com | silo.finance |
| — | — | |
| 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
Category Focus
Dune Analytics 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 Dune Analytics if you...
- ✓Want a analytics & data solution on Multi-Layer
- ✓Need: Community-powered data dashboards for tracking the entire Hyperliquid ecosystem
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
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.
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.
Both protocols share the same layer, maximizing composability potential.
Community Verdict
Which do you prefer?
Share your experience with Dune Analytics or Silo Finance to help others in the Hyperliquid community make better decisions.
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