PERP.WIKI

Flipside Crypto vs Gauntlet

Hyperliquid ecosystem comparison · Data APIs

Best for Research
Different Focus Areas

Quick Take

Flipside Crypto Community analytics platform with SQL access and bounties for Hyperliquid data on Multi-Layer, while Gauntlet Financial risk modeling and protocol optimization for DeFi protocols on HyperEVM on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.

Based on public data for Flipside Crypto and Gauntlet. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.

Overview

Flipside Crypto logo

Flipside Crypto

Flipside Crypto is a blockchain analytics platform that provides free SQL access to decoded on-chain data for Hyperliquid and 30+ other blockchain networks, with a unique reward system that pays analysts for high-quality research. Flipside's curated data models decode Hyperliquid's complex L1 events—including perp trades, vault interactions, and spot market activity—into analyst-friendly tables, enabling data scientists without blockchain expertise to derive insights. Its Bounty system allows Hyperliquid ecosystem protocols to sponsor research questions and reward community analysts for answering them, creating a crowdsourced analytics workforce. LiveQuery features enable real-time data access for dashboard applications, while API endpoints allow developers to integrate Hyperliquid analytics directly into their applications. Flipside has cultivated one of the largest communities of on-chain data analysts, many of whom have developed deep Hyperliquid expertise through participation in protocol-sponsored bounty programs.

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Gauntlet

Gauntlet is a financial risk management and protocol optimization platform that uses agent-based market simulations to stress-test DeFi protocols and optimize their economic parameters. As protocols in the Hyperliquid ecosystem scale their TVL in lending markets and liquidity vaults, Gauntlet's simulation engine models adversarial behaviors, market crashes, and oracle manipulation scenarios to identify parameter configurations that maximize capital efficiency while minimizing insolvency risk. Gauntlet provides ongoing risk management services—continuously updating protocol parameters like liquidation bonuses, borrow caps, and collateral ratios in response to changing market conditions. With a track record managing billions in risk across Aave, Compound, and other top DeFi protocols, Gauntlet brings institutional-grade risk science to the growing Hyperliquid DeFi ecosystem. Protocols that engage Gauntlet signal commitment to sustainable, risk-managed growth rather than aggressive TVL maximization at the expense of security.

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Feature Comparison

FeatureFlipside Crypto logoFlipside CryptoGauntlet
LayerMulti-LayerMulti-Layer
CategoryData APIsAnalytics & Data
StatusActiveActive
Launch Year
Websiteflipsidecrypto.xyzgauntlet.xyz
Twitter
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags

Score Comparison

Flipside CryptoGauntlet
Open Source
Flipside Crypto
Not public
Gauntlet
Not public
Verified
Flipside Crypto
Unverified
Gauntlet
Unverified
Ecosystem Breadth
Flipside Crypto
0 tags
Gauntlet
0 tags
Maturity
Flipside Crypto
Unknown
Gauntlet
Unknown

Feature Matrix

FeatureFlipside Crypto logoFlipside CryptoGauntlet
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Category Focus

Flipside Crypto is focused on data apis, while Gauntlet targets analytics & data. They serve different user needs within the Hyperliquid ecosystem.

When to Use Each

Choose Flipside Crypto if you...

  • Want a data apis solution on Multi-Layer
  • Need: Community analytics platform with SQL access and bounties for Hyperliquid data

Choose Gauntlet if you...

  • Want a analytics & data solution on Multi-Layer
  • Need: Financial risk modeling and protocol optimization for DeFi protocols on HyperEVM

Ecosystem Integration

Flipside Crypto logo

Flipside Crypto

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

Gauntlet

Gauntlet 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 Flipside Crypto or Gauntlet to help others in the Hyperliquid community make better decisions.

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