PERP.WIKI

Gamma Strategies vs Purrswap

Hyperliquid ecosystem comparison · Yield & Vaults

Best for Yield
Different Focus Areas

Quick Take

Gamma Strategies Active concentrated liquidity management for HyperEVM AMMs on Multi-Layer, while Purrswap First stableswap on HyperEVM — powered by Abracadabra's MIMswap on HyperEVM. They serve different niches in the Hyperliquid ecosystem.

Based on public data for Gamma Strategies and Purrswap. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.

Overview

Gamma Strategies

Gamma Strategies is an active liquidity management protocol for concentrated liquidity AMMs, automating the complex position management required by Uniswap v3-style pools. By continuously rebalancing LP positions within optimal price ranges, Gamma maximizes fee revenue while minimizing impermanent loss compared to passive LPing. On HyperEVM, where new AMMs with concentrated liquidity mechanics are launching, Gamma provides vault-based LP management that removes the technical burden from retail liquidity providers. Users simply deposit token pairs into Gamma vaults and receive automatically managed LP positions. With support for both symmetric and asymmetric liquidity strategies, Gamma is the go-to solution for sophisticated LP management on HyperEVM DEXes. Its passive income model makes DeFi liquidity provision accessible to users who want exposure to trading fee yields without the constant active management that concentrated liquidity pools require.

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Purrswap logo

Purrswap

Purrswap is a native DEX on HyperEVM, incubated by Abracadabra DAO and built on a licensed implementation of MIMswap's Proactive Market Maker (PMM) algorithm. Unlike traditional constant-product AMMs, PMM actively adjusts its price curve based on external reference prices, concentrating liquidity near the current market price and dramatically reducing slippage for both stablecoin and volatile-asset trading pairs. Purrswap inherits Abracadabra DAO's deep DeFi expertise — the team behind the MIM stablecoin and the original MIMswap protocol on Ethereum — bringing battle-tested, audited smart contract architecture to the Hyperliquid ecosystem. By deploying natively on HyperEVM, Purrswap benefits from Hyperliquid's high-throughput EVM execution environment, low transaction fees, and tight integration with the broader Hyperliquid DeFi stack including HyperCore's perpetual order book. The PMM model makes Purrswap particularly capital-efficient for stablecoin swaps and correlated-asset pairs where tight spreads and minimal impermanent loss are critical for LPs. As a community-aligned project incubated by one of DeFi's most recognized DAOs, Purrswap represents a meaningful bridge between the established Abracadabra ecosystem and Hyperliquid's rapidly growing on-chain economy.

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Feature Comparison

FeatureGamma StrategiesPurrswap logoPurrswap
LayerMulti-LayerHyperEVM
CategoryYield & VaultsDecentralized Exchanges
StatusActiveUpcoming
Launch Year2025
Websitegamma.xyzpurrswap.xyz
Twitter@PurrSwap_
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
stableswapAbracadabraMIMswap

Score Comparison

Gamma StrategiesPurrswap
Open Source
Gamma Strategies
Not public
Purrswap
Not public
Verified
Gamma Strategies
Unverified
Purrswap
Unverified
Ecosystem Breadth
Gamma Strategies
0 tags
Purrswap
3 tags
Maturity
Gamma Strategies
Unknown
Purrswap
Since 2025

Feature Matrix

FeatureGamma StrategiesPurrswap logoPurrswap
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

Gamma Strategies operates on Multi-Layer (spans multiple hyperliquid layers), while Purrswap runs on HyperEVM (evm smart contracts on hyperliquid l1). This affects composability, transaction speed, and the types of integrations each protocol supports.

Category Focus

Gamma Strategies is focused on yield & vaults, while Purrswap targets decentralized exchanges. They serve different user needs within the Hyperliquid ecosystem.

When to Use Each

Choose Gamma Strategies if you...

  • Want a yield & vaults solution on Multi-Layer
  • Need: Active concentrated liquidity management for HyperEVM AMMs

Choose Purrswap if you...

  • Want a decentralized exchanges solution on HyperEVM
  • Need features like stableswap and Abracadabra
  • Need: First stableswap on HyperEVM — powered by Abracadabra's MIMswap

Ecosystem Integration

Gamma Strategies

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

Purrswap logo

Purrswap

Purrswap operates on HyperEVM (evm smart contracts on hyperliquid l1). As a HyperEVM protocol, it can compose with other EVM-based DeFi primitives and leverage smart contract flexibility.

Community Verdict

Which do you prefer?

Share your experience with Gamma Strategies or Purrswap to help others in the Hyperliquid community make better decisions.

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