Purrswap vs Hyperscanner
Hyperliquid ecosystem comparison · Decentralized Exchanges
Best for SwapsQuick Take
Purrswap First stableswap on HyperEVM — powered by Abracadabra's MIMswap on HyperEVM, while Hyperscanner Unified analytics for Hyperliquid L1 and HyperEVM on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.
Based on public data for Purrswap and Hyperscanner. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.
Purrswap
HyperEVMFirst stableswap on HyperEVM — powered by Abracadabra's MIMswap
purrswap.xyz
Hyperscanner
Multi-LayerUnified analytics for Hyperliquid L1 and HyperEVM
hyperscanner.appOverview
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.
Visit websiteHyperscanner
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.
Visit websiteFeature Comparison
| Feature | ||
|---|---|---|
| Layer | HyperEVM | Multi-Layer |
| Category | Decentralized Exchanges | Analytics & Data |
| Status | Upcoming | Active |
| Launch Year | 2025 | 2025 |
| Website | purrswap.xyz | hyperscanner.app |
| @PurrSwap_ | @hyperscanner_io | |
| GitHub | Not public | Not public |
| Verified | Unverified | Unverified |
| Tags | stableswapAbracadabraMIMswap | analyticsscannersignalsmulti-layer |
Score Comparison
Feature Matrix
| Feature | ||
|---|---|---|
| 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 Hyperscanner 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 Hyperscanner targets analytics & data. They serve different user needs within the Hyperliquid ecosystem.
Unique Features
Purrswap is distinguished by: stableswap, Abracadabra, MIMswap. Hyperscanner stands out with: analytics, scanner, signals, multi-layer.
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 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
Ecosystem Integration
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.
Hyperscanner
Hyperscanner 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?
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