Hyperliquid Names vs Purrswap

Hyperliquid Names

Hyperliquid Names is an on-chain domain naming service for the Hyperliquid ecosystem, enabling users to register human-readable .hl domains that map to wallet addresses and on-chain identities. Similar to ENS on Ethereum, Hyperliquid Names solves a fundamental UX problem: cryptographic wallet addresses are long, error-prone hex strings that are nearly impossible to remember or share reliably. With a .hl domain, you can send assets to alice.hl instead of a 42-character address — dramatically improving usability and reducing the risk of costly transfer errors. Domains are registered on-chain, ensuring ownership is trustless and censorship-resistant — no central authority can revoke your name. Beyond simple address resolution, .hl domains can store metadata such as social profiles, website links, and avatar images, serving as a portable on-chain identity layer across Hyperliquid applications. As the ecosystem expands with wallets, DEXs, trading interfaces, and social apps, a unified naming layer becomes essential infrastructure for user experience. Early adopters can claim short premium names before they become scarce, and a secondary market for valuable .hl domains is already forming among ecosystem participants.

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.

Choose Hyperliquid Names if you...

• ✓Want a wallets & account abstraction solution on HyperEVM
• ✓Need features like domains and identity
• ✓Need: .hl domain names for the Hyperliquid ecosystem

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