PERP.WIKI

Purrswap vs go-hyperliquid

Hyperliquid ecosystem comparison · Decentralized Exchanges

Best for Swaps
Different Focus Areas

Quick Take

Purrswap First stableswap on HyperEVM — powered by Abracadabra's MIMswap on HyperEVM, while go-hyperliquid Community Golang SDK for the Hyperliquid API with concurrent streaming support on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.

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

Overview

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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go-hyperliquid

go-hyperliquid is a community-developed Golang SDK for the Hyperliquid API, providing idiomatic Go bindings for trading, market data, and account management on Hyperliquid. Built with Go's concurrency model in mind, the SDK leverages goroutines and channels for efficient WebSocket streaming and concurrent order management—making it well-suited for high-throughput trading systems written in Go. The library covers the full Hyperliquid API including REST endpoints for order placement, account queries, and historical data, as well as WebSocket subscriptions for real-time order book updates and trade feeds. With typed request and response structures, comprehensive error handling, and context-aware API calls, go-hyperliquid provides the idiomatic Go developer experience that the Hyperliquid ecosystem previously lacked, enabling the large Go trading infrastructure community to build on Hyperliquid. The SDK has active contributors and is maintained alongside the official Python and Rust SDKs.

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Feature Comparison

FeaturePurrswap logoPurrswapgo-hyperliquid
LayerHyperEVMMulti-Layer
CategoryDecentralized ExchangesSDKs & Developer Tools
StatusUpcomingActive
Launch Year2025
Websitepurrswap.xyzgithub.com
Twitter@PurrSwap_
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
stableswapAbracadabraMIMswap

Score Comparison

Purrswapgo-hyperliquid
Open Source
Purrswap
Not public
go-hyperliquid
Not public
Verified
Purrswap
Unverified
go-hyperliquid
Unverified
Ecosystem Breadth
Purrswap
3 tags
go-hyperliquid
0 tags
Maturity
Purrswap
Since 2025
go-hyperliquid
Unknown

Feature Matrix

FeaturePurrswap logoPurrswapgo-hyperliquid
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

Purrswap operates on HyperEVM (evm smart contracts on hyperliquid l1), while go-hyperliquid runs on Multi-Layer (spans multiple hyperliquid layers). This affects composability, transaction speed, and the types of integrations each protocol supports.

Category Focus

Purrswap is focused on decentralized exchanges, while go-hyperliquid targets sdks & developer tools. They serve different user needs within the Hyperliquid ecosystem.

When to Use Each

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

Choose go-hyperliquid if you...

  • Want a sdks & developer tools solution on Multi-Layer
  • Need: Community Golang SDK for the Hyperliquid API with concurrent streaming support

Ecosystem Integration

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.

go-hyperliquid

go-hyperliquid 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 Purrswap or go-hyperliquid to help others in the Hyperliquid community make better decisions.

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