The Graph vs Valantis
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 Valantis Modular DEX with LST-optimized pools — acquired StakedHYPE on HyperEVM. They serve different niches in the Hyperliquid ecosystem.
Based on public data for The Graph and Valantis. 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
Valantis
HyperEVMModular DEX with LST-optimized pools — acquired StakedHYPE
valantis.xyzOverview
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 websiteValantis
Valantis is a modular decentralized exchange protocol deployed on HyperEVM, designed to give liquidity providers and protocol developers unprecedented flexibility in how AMMs are constructed and customized. At its core is STEX — a next-generation AMM architecture purpose-built for liquid staking token pools, solving the persistent problem of capital inefficiency and high slippage that plagues standard AMMs when handling correlated or yield-bearing assets. Valantis separates exchange logic into composable modules: sovereign pools, HOT (Hybrid Order Type) AMMs, and pluggable liquidity management strategies — allowing developers to integrate custom pricing curves, fee tiers, and rebalancing logic without forking the entire protocol stack. For liquidity providers, this means substantially better capital efficiency and reduced impermanent loss on correlated pairs. For protocols building on HyperEVM, it means a flexible DEX infrastructure layer that can be tailored to specific tokenomics and use cases. Valantis fits naturally into the Hyperliquid ecosystem by providing foundational trading infrastructure that DeFi primitives — lending markets, derivatives vaults, and yield protocols — depend on for deep, efficient, and programmable liquidity.
Visit websiteFeature Comparison
| Feature | ||
|---|---|---|
| Layer | Multi-Layer | HyperEVM |
| Category | Data APIs | Decentralized Exchanges |
| Status | Active | Active |
| Launch Year | — | 2025 |
| Website | thegraph.com | valantis.xyz |
| — | @ValantisLabs | |
| GitHub | Not public | Not public |
| Verified | Unverified | ✓ Verified |
| Tags | — | DEXmodularLST-poolsSTEX |
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 Valantis runs on HyperEVM (evm smart contracts on hyperliquid l1). This affects composability, transaction speed, and the types of integrations each protocol supports.
Category Focus
The Graph is focused on data apis, while Valantis targets decentralized exchanges. 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 Valantis if you...
- ✓Want a decentralized exchanges solution on HyperEVM
- ✓Prefer a verified and vetted protocol
- ✓Need features like DEX and modular
- ✓Need: Modular DEX with LST-optimized pools — acquired StakedHYPE
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.
Valantis
Valantis 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.
Community Verdict
Which do you prefer?
Share your experience with The Graph or Valantis to help others in the Hyperliquid community make better decisions.
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