PERP.WIKI

HyperCats vs LiquidSwap

Hyperliquid ecosystem comparison · NFTs & Collectibles

Ecosystem Pick
Different Focus Areas

Quick Take

HyperCats Community-driven cat NFT collection and cultural icon of the Hyperliquid ecosystem on Multi-Layer, while LiquidSwap DEX aggregator spanning HyperEVM and HyperCore on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.

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

Overview

HyperCats logo

HyperCats

HyperCats is a community-driven NFT collection native to the Hyperliquid ecosystem, featuring unique cat-themed profile pictures that have become cultural touchstones for the Hyperliquid community. Launched on Hyperliquid's native spot market infrastructure using HIP-1 and HIP-2 token standards, HyperCats pioneered the native NFT experience on Hyperliquid before HyperEVM's full deployment. Holders of HyperCats NFTs gain access to exclusive community channels, early access to Hyperliquid ecosystem project launches, and governance participation in community initiatives. The project embodies the playful, community-first culture that has emerged around Hyperliquid, where meme tokens and collectibles coexist with serious DeFi infrastructure. HyperCats has become a symbol of Hyperliquid's vibrant grassroots community and serves as a gateway NFT for newcomers entering the ecosystem, representing the cultural identity of the Hyperliquid community beyond pure financial products.

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LiquidSwap logo

LiquidSwap

LiquidSwap, built by Liquid Labs, is a DEX aggregator on the Hyperliquid ecosystem that routes swaps across both HyperEVM decentralized exchanges and HyperCore's native order-book liquidity to guarantee users the best available price for every trade. Most DeFi aggregators operate within a single execution layer, but LiquidSwap's cross-layer architecture bridges the gap between HyperEVM's AMM-based DEXs and HyperCore's high-performance central limit order book — giving traders unified, one-click access to the deepest combined liquidity pool in the Hyperliquid ecosystem. Smart routing logic splits and sizes orders across multiple venues when beneficial, reducing price impact on larger trades and consistently capturing better execution than any single DEX could provide. Liquid Labs designed LiquidSwap to serve as the default swap infrastructure layer for HyperEVM users, abstracting away the complexity of choosing between trading venues, managing slippage, and navigating the boundary between execution environments. The result is a seamless, low-friction trading experience that competes on both price and speed — well-suited to a chain where ultra-low latency and high throughput are first-class features of the underlying architecture.

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Feature Comparison

FeatureHyperCats logoHyperCatsLiquidSwap logoLiquidSwap
LayerMulti-LayerMulti-Layer
CategoryNFTs & CollectiblesDecentralized Exchanges
StatusActiveActive
Launch Year2025
Websitehypercats.xyzliqd.ag
Twitter
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
DEX-aggregatorroutingcross-layer

Score Comparison

HyperCatsLiquidSwap
Open Source
HyperCats
Not public
LiquidSwap
Not public
Verified
HyperCats
Unverified
LiquidSwap
Unverified
Ecosystem Breadth
HyperCats
0 tags
LiquidSwap
3 tags
Maturity
HyperCats
Unknown
LiquidSwap
Since 2025

Feature Matrix

FeatureHyperCats logoHyperCatsLiquidSwap logoLiquidSwap
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Category Focus

HyperCats is focused on nfts & collectibles, while LiquidSwap targets decentralized exchanges. They serve different user needs within the Hyperliquid ecosystem.

When to Use Each

Choose HyperCats if you...

  • Want a nfts & collectibles solution on Multi-Layer
  • Need: Community-driven cat NFT collection and cultural icon of the Hyperliquid ecosystem

Choose LiquidSwap if you...

  • Want a decentralized exchanges solution on Multi-Layer
  • Need features like DEX-aggregator and routing
  • Need: DEX aggregator spanning HyperEVM and HyperCore

Ecosystem Integration

HyperCats logo

HyperCats

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

LiquidSwap logo

LiquidSwap

LiquidSwap 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 HyperCats or LiquidSwap to help others in the Hyperliquid community make better decisions.

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