PERP.WIKI

HyperBot vs Panoptic

Hyperliquid ecosystem comparison · Trading Bots & Automation

Best for Traders
Different Focus Areas

Quick Take

HyperBot Telegram trading bot for executing Hyperliquid trades directly from chat on Multi-Layer, while Panoptic Perpetual options protocol built on concentrated liquidity AMMs on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.

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

Overview

HyperBot logo

HyperBot

HyperBot is a Telegram-based trading bot built natively for Hyperliquid, enabling users to trade perpetuals and spot assets directly from their Telegram interface without navigating a web app. With simple command syntax and an intuitive inline keyboard, HyperBot lets traders open and close positions, set stop-losses and take-profits, view their portfolio PnL, and receive real-time price alerts—all within Telegram. The bot supports both market and limit orders on all Hyperliquid-listed assets and offers one-click copy-trading for following top traders on the leaderboard. HyperBot's lightweight architecture means near-instant order routing to Hyperliquid's matching engine, with execution speeds comparable to the native interface. It has become an essential tool for mobile-first Hyperliquid traders who want the full trading experience in a messaging app, combining convenience with the full power of Hyperliquid's non-custodial perp and spot markets.

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Panoptic logo

Panoptic

Panoptic is a groundbreaking perpetual options protocol built on Uniswap v3-style liquidity positions, enabling the permissionless creation and trading of any-strike, any-expiry options on any EVM token pair without the need for a traditional order book, options clearing house, or centralized counterparty. It represents one of the most technically sophisticated options primitives in DeFi, redefining how on-chain options are structured and priced. The protocol core insight is that Uniswap v3 concentrated liquidity positions are structurally equivalent to short-options payoff profiles. By reinterpreting and tokenizing these LP positions as options contracts, Panoptic enables traders to buy and sell calls and puts permissionlessly on any Uniswap v3 pool. Options sellers provide liquidity and collect streaming fees continuously, while options buyers pay a streaming premium instead of an upfront cost, eliminating the need for expiry dates and simplifying options mechanics for DeFi users. Panoptic supports multi-leg options strategies including spreads, straddles, strangles, and condors, all composable and expressible within a single transaction. This brings institutional-grade options strategy construction to DeFi for the first time in a fully on-chain, non-custodial format. On HyperEVM, where Uniswap v3-compatible concentrated liquidity DEXes are deploying, Panoptic enables sophisticated options trading on Hyperliquid spot assets. Options traders can express views on BTC, ETH, HYPE, and other assets with defined risk profiles, hedging perpetual positions or speculating on volatility surfaces. This complementary options layer adds significant depth to Hyperliquid existing perpetuals infrastructure. The protocol fee structure is directly linked to Uniswap v3 pool fee tiers of 0.05%, 0.30%, and 1.00%, and all pricing is derived from on-chain LP data, making Panoptic fully oracle-free and resistant to price manipulation. Liquidations are handled through a force-exercise mechanism that incentivizes third parties to close at-risk positions without centralized liquidators. Panoptic is targeted at experienced DeFi traders, options market makers, and quant funds seeking to build options books on-chain. Its gas-efficient design, deep Uniswap v3 integration, and novel streaming premium model make it one of the most technically innovative derivatives protocols in the Hyperliquid ecosystem.

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Feature Comparison

FeatureHyperBot logoHyperBotPanoptic logoPanoptic
LayerMulti-LayerMulti-Layer
CategoryTrading Bots & AutomationDecentralized Exchanges
StatusActiveActive
Launch Year
Websitehyperbot.tradepanoptic.xyz
Twitter
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags

Score Comparison

HyperBotPanoptic
Open Source
HyperBot
Not public
Panoptic
Not public
Verified
HyperBot
Unverified
Panoptic
Unverified
Ecosystem Breadth
HyperBot
0 tags
Panoptic
0 tags
Maturity
HyperBot
Unknown
Panoptic
Unknown

Feature Matrix

FeatureHyperBot logoHyperBotPanoptic logoPanoptic
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Category Focus

HyperBot is focused on trading bots & automation, while Panoptic targets decentralized exchanges. They serve different user needs within the Hyperliquid ecosystem.

When to Use Each

Choose HyperBot if you...

  • Want a trading bots & automation solution on Multi-Layer
  • Need: Telegram trading bot for executing Hyperliquid trades directly from chat

Choose Panoptic if you...

  • Want a decentralized exchanges solution on Multi-Layer
  • Need: Perpetual options protocol built on concentrated liquidity AMMs

Ecosystem Integration

HyperBot logo

HyperBot

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

Panoptic logo

Panoptic

Panoptic 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 HyperBot or Panoptic to help others in the Hyperliquid community make better decisions.

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