PERP.WIKI

Euler Finance vs Insilico Terminal

Hyperliquid ecosystem comparison · Lending & Borrowing

Best for Borrowers
Different Focus Areas

Quick Take

Euler Finance Modular lending protocol with permissionless market creation on HyperEVM on Multi-Layer, while Insilico Terminal Free professional trading terminal — the first terminal on Hyperliquid on HyperCore. They serve different niches in the Hyperliquid ecosystem.

Based on public data for Euler Finance and Insilico Terminal. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.

Overview

Euler Finance logo

Euler Finance

Euler Finance is a modular lending protocol built on the Ethereum Vault Connector (EVC), enabling permissionless creation of isolated lending markets with customizable risk parameters. Unlike monolithic lending protocols, Euler v2 allows any token to be listed in a vault with fine-grained control over collateral factors, interest rate models, and liquidation logic. As HyperEVM adoption grows, Euler's architecture is well-suited to support the long-tail of Hyperliquid spot tokens as borrowable and collateralizable assets. Its EVC enables complex vault interactions—like using yield-bearing positions as collateral—that unlock advanced DeFi strategies. Euler's emphasis on security, with multiple audits and a sophisticated risk framework, makes it a strong fit for protocols building sophisticated credit markets on Hyperliquid. The protocol returned stronger than ever after its v1 incident, with v2's modular design learned from that experience.

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Insilico Terminal logo

Insilico Terminal

Insilico Terminal is a free, professional-grade trading terminal and the first purpose-built execution interface to support Hyperliquid natively. Created by veteran trader Flood, the platform delivers institutional-quality order, position, and execution management tools to retail traders at zero cost — democratizing access to tooling previously reserved for professional trading desks. The terminal provides a comprehensive suite of advanced features: multi-order management, real-time position tracking across all open markets, granular execution controls, and a clean interface optimized for speed and clarity under fast market conditions. Unlike generic exchange UIs, Insilico Terminal is designed by a trader for traders — with a workflow that mirrors professional trading environments and prioritizes execution precision above all. Being the first terminal to integrate Hyperliquid natively means Insilico users benefit from direct access to Hyperliquid's high-performance on-chain order book, including sub-second execution, deep liquidity across 100+ perpetual markets, and transparent on-chain settlement. The platform also supports multi-chain trading, extending its utility for traders who operate across ecosystems. With no subscription fees and active community-driven development, Insilico Terminal has become an essential daily tool for serious traders in the Hyperliquid ecosystem.

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Feature Comparison

FeatureEuler Finance logoEuler FinanceInsilico Terminal logoInsilico Terminal
LayerMulti-LayerHyperCore
CategoryLending & BorrowingTrading Terminals & Interfaces
StatusActiveActive
Launch Year2024
Websiteeuler.financeinsilicoterminal.com
Twitter@InsilicoTrading
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
terminalTradingViewhotkeysprofessional

Score Comparison

Euler FinanceInsilico Terminal
Open Source
Euler Finance
Not public
Insilico Terminal
Not public
Verified
Euler Finance
Unverified
Insilico Terminal
Unverified
Ecosystem Breadth
Euler Finance
0 tags
Insilico Terminal
4 tags
Maturity
Euler Finance
Unknown
Insilico Terminal
Since 2024

Feature Matrix

FeatureEuler Finance logoEuler FinanceInsilico Terminal logoInsilico Terminal
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

Euler Finance operates on Multi-Layer (spans multiple hyperliquid layers), while Insilico Terminal runs on HyperCore (native on-chain perpetual orderbook). This affects composability, transaction speed, and the types of integrations each protocol supports.

Category Focus

Euler Finance is focused on lending & borrowing, while Insilico Terminal targets trading terminals & interfaces. They serve different user needs within the Hyperliquid ecosystem.

When to Use Each

Choose Euler Finance if you...

  • Want a lending & borrowing solution on Multi-Layer
  • Need: Modular lending protocol with permissionless market creation on HyperEVM

Choose Insilico Terminal if you...

  • Want a trading terminals & interfaces solution on HyperCore
  • Need features like terminal and TradingView
  • Need: Free professional trading terminal — the first terminal on Hyperliquid

Ecosystem Integration

Euler Finance logo

Euler Finance

Euler Finance operates on Multi-Layer (spans multiple hyperliquid layers). Spanning multiple layers lets it combine the strengths of each, though integration complexity is higher.

Insilico Terminal logo

Insilico Terminal

Insilico Terminal 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 Euler Finance or Insilico Terminal to help others in the Hyperliquid community make better decisions.

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