PERP.WIKI

Purrswap vs Safe Wallet

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 Safe Wallet Industry-standard multi-signature smart account protocol for DAO and protocol treasuries on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.

Based on public data for Purrswap and Safe Wallet. 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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Safe Wallet logo

Safe Wallet

Safe (formerly Gnosis Safe) is the industry-standard multi-signature smart account protocol, deployed on HyperEVM for DAOs, protocols, and teams that require shared treasury management and governance security. Safe smart accounts require M-of-N approval from designated signers before executing transactions, preventing single points of failure in protocol treasury management. For Hyperliquid ecosystem protocols managing significant TVL, Safe provides battle-tested smart account infrastructure with support for spending policies, transaction batching, and module-based extensibility. Safe's ecosystem includes integrations with hardware wallets, mobile apps, and governance tools—enabling comprehensive secure operations for on-chain teams. With over 00B in assets secured historically and an extensive security audit record, Safe is the default choice for any Hyperliquid project that handles collective funds or needs robust multi-party governance over protocol upgrades and treasury operations.

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Feature Comparison

FeaturePurrswap logoPurrswapSafe Wallet logoSafe Wallet
LayerHyperEVMMulti-Layer
CategoryDecentralized ExchangesWallets & Account Abstraction
StatusUpcomingActive
Launch Year2025
Websitepurrswap.xyzsafe.global
Twitter@PurrSwap_
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
stableswapAbracadabraMIMswap

Score Comparison

PurrswapSafe Wallet
Open Source
Purrswap
Not public
Safe Wallet
Not public
Verified
Purrswap
Unverified
Safe Wallet
Unverified
Ecosystem Breadth
Purrswap
3 tags
Safe Wallet
0 tags
Maturity
Purrswap
Since 2025
Safe Wallet
Unknown

Feature Matrix

FeaturePurrswap logoPurrswapSafe Wallet logoSafe Wallet
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 Safe Wallet 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 Safe Wallet targets wallets & account abstraction. 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 Safe Wallet if you...

  • Want a wallets & account abstraction solution on Multi-Layer
  • Need: Industry-standard multi-signature smart account protocol for DAO and protocol treasuries

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.

Safe Wallet logo

Safe Wallet

Safe Wallet 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 Safe Wallet to help others in the Hyperliquid community make better decisions.

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