PERP.WIKI

LiquidSwap vs Katoshi

Hyperliquid ecosystem comparison · Decentralized Exchanges

Best for Swaps
Different Focus Areas

Quick Take

LiquidSwap DEX aggregator spanning HyperEVM and HyperCore on Multi-Layer, while Katoshi AI-powered trading automation engine built exclusively for Hyperliquid on HyperCore. They serve different niches in the Hyperliquid ecosystem.

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

Overview

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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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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Feature Comparison

FeatureLiquidSwap logoLiquidSwapKatoshi logoKatoshi
LayerMulti-LayerHyperCore
CategoryDecentralized ExchangesTrading Bots & Automation
StatusActiveActive
Launch Year20252025
Websiteliqd.agkatoshi.ai
Twitter@KatoshiAI
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
DEX-aggregatorroutingcross-layer
AIautomationtrading-agentsnon-custodial

Score Comparison

LiquidSwapKatoshi
Open Source
LiquidSwap
Not public
Katoshi
Not public
Verified
LiquidSwap
Unverified
Katoshi
Unverified
Ecosystem Breadth
LiquidSwap
3 tags
Katoshi
4 tags
Maturity
LiquidSwap
Since 2025
Katoshi
Since 2025

Feature Matrix

FeatureLiquidSwap logoLiquidSwapKatoshi logoKatoshi
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

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

Category Focus

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

Unique Features

LiquidSwap is distinguished by: DEX-aggregator, routing, cross-layer. Katoshi stands out with: AI, automation, trading-agents, non-custodial.

When to Use Each

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

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

Ecosystem Integration

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.

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.

Community Verdict

Which do you prefer?

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

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