Gauntlet vs ASXN
Hyperliquid ecosystem comparison · Analytics & Data
Best for ResearchQuick Take
Gauntlet Financial risk modeling and protocol optimization for DeFi protocols on HyperEVM on Multi-Layer, while ASXN Analytics dashboards for Hyperliquid — portfolio, vaults, revenue, and whale tracking on HyperCore. Both compete in the analytics & data space but operate on different layers, which affects their capabilities and composability.
Based on public data for Gauntlet and ASXN. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.
Gauntlet
Multi-LayerFinancial risk modeling and protocol optimization for DeFi protocols on HyperEVM
gauntlet.xyz
ASXN
HyperCoreAnalytics dashboards for Hyperliquid — portfolio, vaults, revenue, and whale tracking
hyperliquid.asxn.xyzOverview
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.
Visit websiteASXN
ASXN is a professional-grade analytics platform dedicated to the Hyperliquid ecosystem, offering deep data tooling for traders, vault managers, and researchers who need more than surface-level metrics. The platform provides comprehensive portfolio PnL tracking with historical performance breakdowns, vault analytics that surface attribution and risk metrics for Hyperliquid's on-chain vaults, and broad market data covering perpetuals, spot markets, and HyperEVM protocol activity. ASXN fills a genuine gap for serious participants: block explorers show raw data, but ASXN interprets it — translating on-chain activity into actionable intelligence. Traders can analyze their own performance over time, identify patterns in their strategy execution, and benchmark against the broader market. Vault followers gain meaningful transparency into track records and risk profiles before committing capital. Market researchers can monitor ecosystem-wide trends including liquidity distribution, notable wallet flows, and protocol health indicators. Built specifically for Hyperliquid rather than adapted from a generic multi-chain analytics framework, ASXN understands the protocol's unique architecture — the interplay between L1 perpetuals and HyperEVM — and delivers insights that general-purpose platforms simply cannot replicate.
Visit websiteFeature Comparison
| Feature | Gauntlet | |
|---|---|---|
| Layer | Multi-Layer | HyperCore |
| Category | Analytics & Data | Analytics & Data |
| Status | Active | Active |
| Launch Year | — | 2025 |
| Website | gauntlet.xyz | hyperliquid.asxn.xyz |
| — | @asxn_r | |
| GitHub | Not public | Not public |
| Verified | Unverified | Unverified |
| Tags | — | analyticsportfolioPnLdashboards |
Score Comparison
Feature Matrix
| Feature | Gauntlet | |
|---|---|---|
| Open Source | ✗ | ✗ |
| Verified | ✗ | ✗ |
| Has Website | ✓ | ✓ |
| Has Twitter | ✗ | ✓ |
| Has GitHub | ✗ | ✗ |
| Active Status | ✓ | ✓ |
Key Differences
Layer Architecture
Gauntlet operates on Multi-Layer (spans multiple hyperliquid layers), while ASXN runs on HyperCore (native on-chain perpetual orderbook). This affects composability, transaction speed, and the types of integrations each protocol supports.
When to Use Each
Choose Gauntlet if you...
- ✓Want a analytics & data solution on Multi-Layer
- ✓Need: Financial risk modeling and protocol optimization for DeFi protocols on HyperEVM
Choose ASXN if you...
- ✓Want a analytics & data solution on HyperCore
- ✓Need features like analytics and portfolio
- ✓Need: Analytics dashboards for Hyperliquid — portfolio, vaults, revenue, and whale tracking
Ecosystem Integration
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.
ASXN
ASXN 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 Gauntlet or ASXN to help others in the Hyperliquid community make better decisions.
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