The Graph vs Katoshi
Hyperliquid ecosystem comparison · Data APIs
Best for ResearchQuick Take
The Graph Decentralized indexing protocol for building GraphQL APIs from HyperEVM smart contracts on Multi-Layer, while Katoshi AI-powered trading automation engine built exclusively for Hyperliquid on HyperCore. They serve different niches in the Hyperliquid ecosystem.
Based on public data for The Graph and Katoshi. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.
The Graph
Multi-LayerDecentralized indexing protocol for building GraphQL APIs from HyperEVM smart contracts
thegraph.com
Katoshi
HyperCoreAI-powered trading automation engine built exclusively for Hyperliquid
katoshi.aiOverview
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.
Visit websiteKatoshi
Katoshi is the premier trading automation engine built exclusively for Hyperliquid, enabling traders to build, deploy, and manage algorithmic strategies with millisecond precision and zero downtime. Trusted by thousands of active traders, Katoshi abstracts the complexity of algorithmic execution into an accessible platform that requires no deep coding expertise. At its core, Katoshi offers a complete automation toolkit: receive signals from TradingView, fire webhooks and custom API triggers, or deploy fully autonomous AI trading agents that react to market conditions in real-time. The platform also supports MCP (Model Context Protocol) integrations, putting cutting-edge AI-driven execution within reach of any trader. Katoshi's deep native integration with Hyperliquid means bots can tap directly into one of crypto's fastest and most liquid on-chain order books, accessing perpetuals across hundreds of markets with minimal slippage. Whether automating a simple RSI crossover strategy or running a multi-leg algorithmic portfolio, Katoshi provides reliable infrastructure to scale it. Built from the ground up for Hyperliquid's architecture, it has become the go-to automation layer for retail traders and institutional desks operating in the ecosystem.
Visit websiteFeature Comparison
| Feature | ||
|---|---|---|
| Layer | Multi-Layer | HyperCore |
| Category | Data APIs | Trading Bots & Automation |
| Status | Active | Active |
| Launch Year | — | 2025 |
| Website | thegraph.com | katoshi.ai |
| — | @KatoshiAI | |
| GitHub | Not public | Not public |
| Verified | Unverified | Unverified |
| Tags | — | AIautomationtrading-agentsnon-custodial |
Score Comparison
Feature Matrix
| Feature | ||
|---|---|---|
| Open Source | ✗ | ✗ |
| Verified | ✗ | ✗ |
| Has Website | ✓ | ✓ |
| Has Twitter | ✗ | ✓ |
| Has GitHub | ✗ | ✗ |
| Active Status | ✓ | ✓ |
Key Differences
Layer Architecture
The Graph operates on Multi-Layer (spans multiple hyperliquid layers), while Katoshi runs on HyperCore (native on-chain perpetual orderbook). This affects composability, transaction speed, and the types of integrations each protocol supports.
Category Focus
The Graph is focused on data apis, while Katoshi targets trading bots & automation. They serve different user needs within the Hyperliquid ecosystem.
When to Use Each
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
Choose Katoshi if you...
- ✓Want a trading bots & automation solution on HyperCore
- ✓Need features like AI and automation
- ✓Need: AI-powered trading automation engine built exclusively for Hyperliquid
Ecosystem Integration
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.
Katoshi
Katoshi operates on HyperCore (native on-chain perpetual orderbook). Running on HyperCore gives it direct access to the native orderbook with minimal latency and maximum throughput.
Community Verdict
Which do you prefer?
Share your experience with The Graph or Katoshi to help others in the Hyperliquid community make better decisions.
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