PERP.WIKI

Purrswap vs Zellic

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 Zellic Rising star blockchain security firm with deep DeFi and cryptography expertise on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.

Based on public data for Purrswap and Zellic. 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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Zellic logo

Zellic

Zellic is a rapidly growing blockchain security firm that combines deep smart contract expertise with strong cryptographic and systems security knowledge, serving protocols across EVM ecosystems including HyperEVM. Founded by top competitive CTF players, Zellic's team brings an attacker's mindset to every engagement, proactively identifying vulnerabilities in complex DeFi protocols, cross-chain bridges, and financial primitives. Zellic has audited hundreds of millions in TVL across lending protocols, DEXes, and infrastructure projects—many architecturally similar to what is being built on Hyperliquid. Their reports are known for clear vulnerability disclosure with actionable remediation guidance. For HyperEVM projects seeking an audit firm with fresh perspectives and a strong track record in cutting-edge DeFi security research, Zellic provides rigorous assessment that complements the traditional audit landscape and has earned a reputation as one of the most thorough firms for complex protocol reviews.

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Feature Comparison

FeaturePurrswap logoPurrswapZellic logoZellic
LayerHyperEVMMulti-Layer
CategoryDecentralized ExchangesSecurity & Audits
StatusUpcomingActive
Launch Year2025
Websitepurrswap.xyzzellic.io
Twitter@PurrSwap_
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
stableswapAbracadabraMIMswap

Score Comparison

PurrswapZellic
Open Source
Purrswap
Not public
Zellic
Not public
Verified
Purrswap
Unverified
Zellic
Unverified
Ecosystem Breadth
Purrswap
3 tags
Zellic
0 tags
Maturity
Purrswap
Since 2025
Zellic
Unknown

Feature Matrix

FeaturePurrswap logoPurrswapZellic logoZellic
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 Zellic 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 Zellic targets security & audits. 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 Zellic if you...

  • Want a security & audits solution on Multi-Layer
  • Need: Rising star blockchain security firm with deep DeFi and cryptography expertise

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.

Zellic logo

Zellic

Zellic 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 Zellic to help others in the Hyperliquid community make better decisions.

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