PERP.WIKI

Resolv vs The Graph

Hyperliquid ecosystem comparison · Yield & Vaults

Best for Yield
Different Focus Areas

Quick Take

Resolv Delta-neutral stablecoin protocol — USR backed by ETH with HL funding rates on HyperEVM, while The Graph Decentralized indexing protocol for building GraphQL APIs from HyperEVM smart contracts on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.

Based on public data for Resolv and The Graph. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.

Overview

Resolv logo

Resolv

Resolv is a delta-neutral stablecoin protocol offering a three-layer financial system for stable, low-risk crypto yield. Its flagship product, USR (Resolv USD), is a crypto-native stable asset pegged to $1 and backed by ETH collateral offset by corresponding short derivatives positions — eliminating directional market exposure entirely. Unlike algorithmic stablecoins, USR maintains full collateral backing at all times, accrues yield intraday, and can be redeemed instantly with no lockups. RLP (Resolv Liquidity Pool) is a complementary leveraged yield product for advanced users who act as a protocol buffer, absorbing risk in exchange for higher returns. Resolv's modular vault architecture allocates capital across diverse yield sources: ETH staking, perpetual futures funding, lending markets, and tokenized real-world assets. All collateral movements are transparent and auditable via on-chain proof-of-reserves dashboards. USR consistently outperforms U.S. Treasury rates while maintaining a best-in-class collateral coverage ratio. Within the Hyperliquid ecosystem, Resolv provides a yield-bearing stable layer integrating with lending protocols, DEXs, and treasury strategies — offering institutions, DAOs, and DeFi protocols a capital-efficient alternative to idle stablecoins.

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The Graph logo

The Graph

The Graph is the decentralized indexing protocol for blockchain data, enabling HyperEVM developers to build and deploy Subgraphs—open APIs that index, transform, and serve on-chain data via GraphQL. Rather than building custom indexing infrastructure, HyperEVM protocol teams can define their data schema and indexing logic in a Subgraph manifest, and The Graph's decentralized network of Indexers handles the computation and data serving. This dramatically accelerates frontend development for Hyperliquid DeFi dApps that need historical and real-time on-chain data without running centralized backend infrastructure. Subgraph data is trustless and cryptographically verifiable, making it appropriate for decentralized applications that want to maintain censorship-resistance. The Graph's GRT token incentivizes high-quality, reliable data indexing, ensuring HyperEVM Subgraphs remain continuously available and accurate for users and developers building on Hyperliquid's smart contract ecosystem.

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Feature Comparison

FeatureResolv logoResolvThe Graph logoThe Graph
LayerHyperEVMMulti-Layer
CategoryYield & VaultsData APIs
StatusActiveActive
Launch Year2025
Websiteresolv.xyzthegraph.com
Twitter@ResolvLabs
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
stablecoinUSRdelta-neutralfunding-rates

Score Comparison

ResolvThe Graph
Open Source
Resolv
Not public
The Graph
Not public
Verified
Resolv
Unverified
The Graph
Unverified
Ecosystem Breadth
Resolv
4 tags
The Graph
0 tags
Maturity
Resolv
Since 2025
The Graph
Unknown

Feature Matrix

FeatureResolv logoResolvThe Graph logoThe Graph
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

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

Category Focus

Resolv is focused on yield & vaults, while The Graph targets data apis. They serve different user needs within the Hyperliquid ecosystem.

When to Use Each

Choose Resolv if you...

  • Want a yield & vaults solution on HyperEVM
  • Need features like stablecoin and USR
  • Need: Delta-neutral stablecoin protocol — USR backed by ETH with HL funding rates

Choose The Graph if you...

  • Want a data apis solution on Multi-Layer
  • Need: Decentralized indexing protocol for building GraphQL APIs from HyperEVM smart contracts

Ecosystem Integration

Resolv logo

Resolv

Resolv 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.

The Graph logo

The Graph

The Graph 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 Resolv or The Graph to help others in the Hyperliquid community make better decisions.

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