Panoptic vs Hyperscanner

Panoptic

Panoptic is a groundbreaking perpetual options protocol built on Uniswap v3-style liquidity positions, enabling the permissionless creation and trading of any-strike, any-expiry options on any EVM token pair without the need for a traditional order book, options clearing house, or centralized counterparty. It represents one of the most technically sophisticated options primitives in DeFi, redefining how on-chain options are structured and priced. The protocol core insight is that Uniswap v3 concentrated liquidity positions are structurally equivalent to short-options payoff profiles. By reinterpreting and tokenizing these LP positions as options contracts, Panoptic enables traders to buy and sell calls and puts permissionlessly on any Uniswap v3 pool. Options sellers provide liquidity and collect streaming fees continuously, while options buyers pay a streaming premium instead of an upfront cost, eliminating the need for expiry dates and simplifying options mechanics for DeFi users. Panoptic supports multi-leg options strategies including spreads, straddles, strangles, and condors, all composable and expressible within a single transaction. This brings institutional-grade options strategy construction to DeFi for the first time in a fully on-chain, non-custodial format. On HyperEVM, where Uniswap v3-compatible concentrated liquidity DEXes are deploying, Panoptic enables sophisticated options trading on Hyperliquid spot assets. Options traders can express views on BTC, ETH, HYPE, and other assets with defined risk profiles, hedging perpetual positions or speculating on volatility surfaces. This complementary options layer adds significant depth to Hyperliquid existing perpetuals infrastructure. The protocol fee structure is directly linked to Uniswap v3 pool fee tiers of 0.05%, 0.30%, and 1.00%, and all pricing is derived from on-chain LP data, making Panoptic fully oracle-free and resistant to price manipulation. Liquidations are handled through a force-exercise mechanism that incentivizes third parties to close at-risk positions without centralized liquidators. Panoptic is targeted at experienced DeFi traders, options market makers, and quant funds seeking to build options books on-chain. Its gas-efficient design, deep Uniswap v3 integration, and novel streaming premium model make it one of the most technically innovative derivatives protocols in the Hyperliquid ecosystem.

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.

Choose Panoptic if you...

• ✓Want a decentralized exchanges solution on Multi-Layer
• ✓Need: Perpetual options protocol built on concentrated liquidity AMMs

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