Looped HYPE vs The Graph
Hyperliquid ecosystem comparison · Yield & Vaults
Best for YieldQuick Take
Looped HYPE Recursive liquid staking — 3x to 15x looped yield on HYPE on HyperEVM, 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 Looped HYPE and The Graph. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.
Looped HYPE
HyperEVMRecursive liquid staking — 3x to 15x looped yield on HYPE
loopingcollective.orgThe Graph
Multi-LayerDecentralized indexing protocol for building GraphQL APIs from HyperEVM smart contracts
thegraph.comOverview
Looped HYPE
Looped HYPE is a recursive liquid staking protocol on HyperEVM that amplifies staking yield on HYPE tokens through automated leverage loops. Instead of earning simple base staking returns, users deposit HYPE or liquid-staked HYPE derivatives (such as kHYPE or stHYPE), which the protocol loops through a borrow-deposit cycle: staked assets serve as collateral to borrow more HYPE, which is restaked — repeating the cycle multiple times to compound exposure. This recursive strategy enables effective yield exposure of 3x to 15x the base staking APR, without requiring users to manually manage individual loan positions, monitor collateral ratios, or handle rebalancing themselves. Looped HYPE handles health monitoring, automatic rebalancing, and reward compounding entirely on-chain, abstracting the complexity of leveraged staking into a single deposit experience. The protocol integrates natively with Hyperliquid's liquid staking ecosystem and HyperEVM's lending infrastructure, making it composable with the broader DeFi stack. Looped HYPE is designed for yield-maximizing HYPE holders who want meaningful capital efficiency and amplified staking returns without giving up the underlying security of Hyperliquid's proof-of-stake layer.
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 | HyperEVM | Multi-Layer |
| Category | Yield & Vaults | Data APIs |
| Status | Active | Active |
| Launch Year | 2025 | — |
| Website | loopingcollective.org | thegraph.com |
| @Looped_HYPE | — | |
| GitHub | Not public | Not public |
| Verified | Unverified | Unverified |
| Tags | leveraged-stakingyieldloopingLHYPE | — |
Score Comparison
Feature Matrix
| Feature | ||
|---|---|---|
| Open Source | ✗ | ✗ |
| Verified | ✗ | ✗ |
| Has Website | ✓ | ✓ |
| Has Twitter | ✓ | ✗ |
| Has GitHub | ✗ | ✗ |
| Active Status | ✓ | ✓ |
Key Differences
Layer Architecture
Looped HYPE operates on HyperEVM (evm smart contracts on hyperliquid l1), while The Graph runs on Multi-Layer (spans multiple hyperliquid layers). This affects composability, transaction speed, and the types of integrations each protocol supports.
Category Focus
Looped HYPE is focused on yield & vaults, while The Graph targets data apis. They serve different user needs within the Hyperliquid ecosystem.
When to Use Each
Choose Looped HYPE if you...
- ✓Want a yield & vaults solution on HyperEVM
- ✓Need features like leveraged-staking and yield
- ✓Need: Recursive liquid staking — 3x to 15x looped yield on HYPE
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
Looped HYPE
Looped HYPE 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.
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.
Community Verdict
Which do you prefer?
Share your experience with Looped HYPE or The Graph to help others in the Hyperliquid community make better decisions.
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