Hyperscanner vs The Graph
Hyperliquid ecosystem comparison · Analytics & Data
Best for ResearchQuick Take
Hyperscanner Unified analytics for Hyperliquid L1 and HyperEVM on Multi-Layer, while The Graph Decentralized indexing protocol for building GraphQL APIs from HyperEVM smart contracts on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.
Based on public data for Hyperscanner and The Graph. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.
Hyperscanner
Multi-LayerUnified analytics for Hyperliquid L1 and HyperEVM
hyperscanner.app
The Graph
Multi-LayerDecentralized indexing protocol for building GraphQL APIs from HyperEVM smart contracts
thegraph.comOverview
Hyperscanner
Hyperscanner is a unified analytics and data platform spanning both Hyperliquid L1 — the high-performance perpetuals exchange — and HyperEVM, the EVM-compatible smart contract execution layer. It addresses the fragmentation inherent in Hyperliquid's dual-chain architecture: traders and developers previously needed to consult disconnected explorers and dashboards to get a complete picture of ecosystem activity. Hyperscanner aggregates on-chain data into clean, accessible interfaces featuring real-time market overviews, token analytics, wallet tracking, volume trends, and trading signals derived from live chain activity. For traders, it offers a bird's-eye view of market conditions — open interest shifts, volume anomalies, and emerging token activity on HyperEVM. For developers and researchers, it provides an exploration and indexing layer for understanding ecosystem growth, protocol adoption, and on-chain behavior. By bridging the data gap between Hyperliquid L1 and HyperEVM in a single coherent product, Hyperscanner makes the ecosystem more legible and navigable — lowering the barrier for new participants and giving experienced users the signals they need to stay ahead of market developments.
Visit websiteThe Graph
The Graph is the decentralized indexing protocol for blockchain data, enabling HyperEVM developers to build and deploy Subgraphs—open APIs that index, transform, and serve on-chain data via GraphQL. Rather than building custom indexing infrastructure, HyperEVM protocol teams can define their data schema and indexing logic in a Subgraph manifest, and The Graph's decentralized network of Indexers handles the computation and data serving. This dramatically accelerates frontend development for Hyperliquid DeFi dApps that need historical and real-time on-chain data without running centralized backend infrastructure. Subgraph data is trustless and cryptographically verifiable, making it appropriate for decentralized applications that want to maintain censorship-resistance. The Graph's GRT token incentivizes high-quality, reliable data indexing, ensuring HyperEVM Subgraphs remain continuously available and accurate for users and developers building on Hyperliquid's smart contract ecosystem.
Visit websiteFeature Comparison
| Feature | ||
|---|---|---|
| Layer | Multi-Layer | Multi-Layer |
| Category | Analytics & Data | Data APIs |
| Status | Active | Active |
| Launch Year | 2025 | — |
| Website | hyperscanner.app | thegraph.com |
| @hyperscanner_io | — | |
| GitHub | Not public | Not public |
| Verified | Unverified | Unverified |
| Tags | analyticsscannersignalsmulti-layer | — |
Score Comparison
Feature Matrix
| Feature | ||
|---|---|---|
| Open Source | ✗ | ✗ |
| Verified | ✗ | ✗ |
| Has Website | ✓ | ✓ |
| Has Twitter | ✓ | ✗ |
| Has GitHub | ✗ | ✗ |
| Active Status | ✓ | ✓ |
Key Differences
Category Focus
Hyperscanner is focused on analytics & data, while The Graph targets data apis. They serve different user needs within the Hyperliquid ecosystem.
When to Use Each
Choose Hyperscanner if you...
- ✓Want a analytics & data solution on Multi-Layer
- ✓Need features like analytics and scanner
- ✓Need: Unified analytics for Hyperliquid L1 and HyperEVM
Choose The Graph if you...
- ✓Want a data apis solution on Multi-Layer
- ✓Need: Decentralized indexing protocol for building GraphQL APIs from HyperEVM smart contracts
Ecosystem Integration
Hyperscanner
Hyperscanner operates on Multi-Layer (spans multiple hyperliquid layers). Spanning multiple layers lets it combine the strengths of each, though integration complexity is higher.
The Graph
The Graph 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 Hyperscanner or The Graph to help others in the Hyperliquid community make better decisions.
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