PERP.WIKI

HypurrScan vs RedStone

Hyperliquid ecosystem comparison · Analytics & Data

Best for Research
Different Focus AreasVerified: RedStone

Quick Take

HypurrScan Hyperliquid L1 explorer — auctions, TWAPs, whales, and on-chain data on HyperCore, while RedStone Oracle powering ~99.5% of oracle-protected value on HyperEVM on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.

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

Overview

HypurrScan logo

HypurrScan

HypurrScan is the dedicated block explorer and analytics platform for Hyperliquid's Layer 1 blockchain, offering comprehensive visibility into the network's on-chain activity. Analogous to Etherscan for Ethereum, HypurrScan is purpose-built for Hyperliquid's unique architecture — a high-performance consensus layer that powers fully on-chain perpetual futures and spot order books with sub-second finality. The explorer provides real-time and historical tracking of transactions, wallet addresses, token balances, TWAP (time-weighted average price) executions, and HIP-1 token auction prices. Users can drill into individual accounts to view their full trading history, open positions, and asset holdings across both spot and perpetuals markets. HypurrScan also surfaces network-level statistics including validator activity, block production data, and ecosystem metrics essential for researchers, traders, and developers building on Hyperliquid L1. As the Hyperliquid ecosystem has scaled — with billions in daily trading volume and hundreds of perpetual markets — HypurrScan has become an indispensable transparency tool. Its dashboard aggregates the most critical L1 data into a single interface optimized for both casual users and power analysts navigating the HYPE ecosystem.

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RedStone logo

RedStone

RedStone is a modular blockchain oracle network that has become the dominant oracle solution on Hyperliquid, operating under the HyperStone brand for the ecosystem. Oracles are critical infrastructure — they provide smart contracts with real-world price feeds, enabling DeFi lending, derivatives, and synthetic assets to function correctly. RedStone's architecture is uniquely well-suited to Hyperliquid's high-performance environment: rather than pushing price updates to the chain on every tick (a costly approach), RedStone uses a pull-based model where data is fetched on-demand and cryptographically verified on-chain, dramatically reducing costs while maintaining freshness and accuracy. Securing approximately 99.5% of oracle-protected value on Hyperliquid, HyperStone feeds power a wide range of DeFi protocols on HyperEVM — from lending markets to perpetual protocols and yield vaults. RedStone aggregates price data from dozens of sources, applying outlier filtering and cryptographic attestation to ensure data integrity. With support for hundreds of assets and sub-second update latency, HyperStone gives Hyperliquid's DeFi ecosystem enterprise-grade price feeds, enabling complex financial products to be built with confidence in the underlying data infrastructure.

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Feature Comparison

FeatureHypurrScan logoHypurrScanRedStone logoRedStone
LayerHyperCoreMulti-Layer
CategoryAnalytics & DataOracles
StatusActiveActive
Launch Year20252022
Websitehypurrscan.ioredstone.finance
Twitter@HypurrScan@redstone_defi
GitHubNot publicNot public
VerifiedUnverified✓ Verified
Tags
exploreranalyticswhaleson-chain
oracleHyperStoneprice-feedsHIP-3

Score Comparison

HypurrScanRedStone
Open Source
HypurrScan
Not public
RedStone
Not public
Verified
HypurrScan
Unverified
RedStone
Verified
Ecosystem Breadth
HypurrScan
4 tags
RedStone
4 tags
Maturity
HypurrScan
Since 2025
RedStone
Since 2022

Feature Matrix

FeatureHypurrScan logoHypurrScanRedStone logoRedStone
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

HypurrScan operates on HyperCore (native on-chain perpetual orderbook), while RedStone runs on Multi-Layer (spans multiple hyperliquid layers). This affects composability, transaction speed, and the types of integrations each protocol supports.

Category Focus

HypurrScan is focused on analytics & data, while RedStone targets oracles. They serve different user needs within the Hyperliquid ecosystem.

Unique Features

HypurrScan is distinguished by: explorer, analytics, whales, on-chain. RedStone stands out with: oracle, HyperStone, price-feeds, HIP-3.

Market Timing

RedStone launched first in 2022, giving it a head start. HypurrScan entered later in 2025, potentially with the benefit of learning from earlier entrants.

When to Use Each

Choose HypurrScan if you...

  • Want a analytics & data solution on HyperCore
  • Need features like explorer and analytics
  • Need: Hyperliquid L1 explorer — auctions, TWAPs, whales, and on-chain data

Choose RedStone if you...

  • Want a oracles solution on Multi-Layer
  • Prefer a verified and vetted protocol
  • Need features like oracle and HyperStone
  • Need: Oracle powering ~99.5% of oracle-protected value on HyperEVM

Ecosystem Integration

HypurrScan logo

HypurrScan

HypurrScan 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.

RedStone logo

RedStone

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

Community Verdict

Which do you prefer?

Share your experience with HypurrScan or RedStone to help others in the Hyperliquid community make better decisions.

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