PERP.WIKI

Katoshi vs Purrswap

Hyperliquid ecosystem comparison · Trading Bots & Automation

Best for Traders
Different Focus Areas

Quick Take

Katoshi AI-powered trading automation engine built exclusively for Hyperliquid on HyperCore, while Purrswap First stableswap on HyperEVM — powered by Abracadabra's MIMswap on HyperEVM. They serve different niches in the Hyperliquid ecosystem.

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

Overview

Katoshi logo

Katoshi

Katoshi is the premier trading automation engine built exclusively for Hyperliquid, enabling traders to build, deploy, and manage algorithmic strategies with millisecond precision and zero downtime. Trusted by thousands of active traders, Katoshi abstracts the complexity of algorithmic execution into an accessible platform that requires no deep coding expertise. At its core, Katoshi offers a complete automation toolkit: receive signals from TradingView, fire webhooks and custom API triggers, or deploy fully autonomous AI trading agents that react to market conditions in real-time. The platform also supports MCP (Model Context Protocol) integrations, putting cutting-edge AI-driven execution within reach of any trader. Katoshi's deep native integration with Hyperliquid means bots can tap directly into one of crypto's fastest and most liquid on-chain order books, accessing perpetuals across hundreds of markets with minimal slippage. Whether automating a simple RSI crossover strategy or running a multi-leg algorithmic portfolio, Katoshi provides reliable infrastructure to scale it. Built from the ground up for Hyperliquid's architecture, it has become the go-to automation layer for retail traders and institutional desks operating in the ecosystem.

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Purrswap logo

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.

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Feature Comparison

FeatureKatoshi logoKatoshiPurrswap logoPurrswap
LayerHyperCoreHyperEVM
CategoryTrading Bots & AutomationDecentralized Exchanges
StatusActiveUpcoming
Launch Year20252025
Websitekatoshi.aipurrswap.xyz
Twitter@KatoshiAI@PurrSwap_
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
AIautomationtrading-agentsnon-custodial
stableswapAbracadabraMIMswap

Score Comparison

KatoshiPurrswap
Open Source
Katoshi
Not public
Purrswap
Not public
Verified
Katoshi
Unverified
Purrswap
Unverified
Ecosystem Breadth
Katoshi
4 tags
Purrswap
3 tags
Maturity
Katoshi
Since 2025
Purrswap
Since 2025

Feature Matrix

FeatureKatoshi logoKatoshiPurrswap logoPurrswap
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

Katoshi operates on HyperCore (native on-chain perpetual orderbook), while Purrswap runs on HyperEVM (evm smart contracts on hyperliquid l1). This affects composability, transaction speed, and the types of integrations each protocol supports.

Category Focus

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

Unique Features

Katoshi is distinguished by: AI, automation, trading-agents, non-custodial. Purrswap stands out with: stableswap, Abracadabra, MIMswap.

When to Use Each

Choose Katoshi if you...

  • Want a trading bots & automation solution on HyperCore
  • Need features like AI and automation
  • Need: AI-powered trading automation engine built exclusively for Hyperliquid

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

Ecosystem Integration

Katoshi logo

Katoshi

Katoshi 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.

Purrswap logo

Purrswap

Purrswap operates on HyperEVM (evm smart contracts on hyperliquid l1). As a HyperEVM protocol, it can compose with other EVM-based DeFi primitives and leverage smart contract flexibility.

Community Verdict

Which do you prefer?

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

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