Ventuals vs Insilico Terminal
Hyperliquid ecosystem comparison · Prediction Markets
Ecosystem PickQuick Take
Ventuals Pre-IPO perpetuals on HIP-3 — trade SpaceX, OpenAI, and more on HIP-3, while Insilico Terminal Free professional trading terminal — the first terminal on Hyperliquid on HyperCore. They serve different niches in the Hyperliquid ecosystem.
Based on public data for Ventuals and Insilico Terminal. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.
Ventuals
HIP-3Pre-IPO perpetuals on HIP-3 — trade SpaceX, OpenAI, and more
ventuals.com
Insilico Terminal
HyperCoreFree professional trading terminal — the first terminal on Hyperliquid
insilicoterminal.comOverview
Ventuals
Ventuals is a pioneering on-chain derivatives protocol built natively on Hyperliquid's HIP-3 infrastructure, focused on bringing private company valuations and pre-IPO markets to decentralized finance. By tokenizing equity-linked perpetual futures for private AI labs, tech platforms, and emerging hardware and automation companies, Ventuals creates a unified trading venue for assets previously inaccessible to on-chain participants. The protocol launched its vHYPE liquid staking vault in October 2025, attracting over $38 million in deposits within 30 minutes — a testament to demand for its novel market structure. Capital locked in the vHYPE vault funds collateral backing for Ventuals' HIP-3 perpetual markets, directly aligning staker incentives with protocol growth. Users can trade permissionless perps on pre-IPO company valuations, earn staking rewards on vHYPE deposits, and accumulate protocol points through trading volume and liquidity provision. Settlements leverage Hyperliquid's proven order book and clearing infrastructure, delivering the speed and transparency of a top-tier CEX with full on-chain settlement. Ventuals represents a new DeFi frontier: liquid, transparent derivatives on the private companies shaping the future of AI, hardware, and tech.
Visit websiteInsilico Terminal
Insilico Terminal is a free, professional-grade trading terminal and the first purpose-built execution interface to support Hyperliquid natively. Created by veteran trader Flood, the platform delivers institutional-quality order, position, and execution management tools to retail traders at zero cost — democratizing access to tooling previously reserved for professional trading desks. The terminal provides a comprehensive suite of advanced features: multi-order management, real-time position tracking across all open markets, granular execution controls, and a clean interface optimized for speed and clarity under fast market conditions. Unlike generic exchange UIs, Insilico Terminal is designed by a trader for traders — with a workflow that mirrors professional trading environments and prioritizes execution precision above all. Being the first terminal to integrate Hyperliquid natively means Insilico users benefit from direct access to Hyperliquid's high-performance on-chain order book, including sub-second execution, deep liquidity across 100+ perpetual markets, and transparent on-chain settlement. The platform also supports multi-chain trading, extending its utility for traders who operate across ecosystems. With no subscription fees and active community-driven development, Insilico Terminal has become an essential daily tool for serious traders in the Hyperliquid ecosystem.
Visit websiteFeature Comparison
| Feature | ||
|---|---|---|
| Layer | HIP-3 | HyperCore |
| Category | Prediction Markets | Trading Terminals & Interfaces |
| Status | Beta | Active |
| Launch Year | 2025 | 2024 |
| Website | ventuals.com | insilicoterminal.com |
| @ventuals_xyz | @InsilicoTrading | |
| GitHub | Not public | Not public |
| Verified | Unverified | Unverified |
| Tags | pre-IPOperpetualsVCHIP-3VNTLS | terminalTradingViewhotkeysprofessional |
Score Comparison
Feature Matrix
| Feature | ||
|---|---|---|
| Open Source | ✗ | ✗ |
| Verified | ✗ | ✗ |
| Has Website | ✓ | ✓ |
| Has Twitter | ✓ | ✓ |
| Has GitHub | ✗ | ✗ |
| Active Status | ✗ | ✓ |
Key Differences
Layer Architecture
Ventuals operates on HIP-3 (permissionless custom perpetual markets), while Insilico Terminal runs on HyperCore (native on-chain perpetual orderbook). This affects composability, transaction speed, and the types of integrations each protocol supports.
Category Focus
Ventuals is focused on prediction markets, while Insilico Terminal targets trading terminals & interfaces. They serve different user needs within the Hyperliquid ecosystem.
Unique Features
Ventuals is distinguished by: pre-IPO, perpetuals, VC, HIP-3, VNTLS. Insilico Terminal stands out with: terminal, TradingView, hotkeys, professional.
Market Timing
Insilico Terminal launched first in 2024, giving it a head start. Ventuals entered later in 2025, potentially with the benefit of learning from earlier entrants.
When to Use Each
Choose Ventuals if you...
- ✓Want a prediction markets solution on HIP-3
- ✓Need features like pre-IPO and perpetuals
- ✓Need: Pre-IPO perpetuals on HIP-3 — trade SpaceX, OpenAI, and more
Choose Insilico Terminal if you...
- ✓Want a trading terminals & interfaces solution on HyperCore
- ✓Need features like terminal and TradingView
- ✓Need: Free professional trading terminal — the first terminal on Hyperliquid
Ecosystem Integration
Ventuals
Ventuals operates on HIP-3 (permissionless custom perpetual markets). Through HIP-3, it enables permissionless creation of custom perpetual markets.
Insilico Terminal
Insilico Terminal 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 Ventuals or Insilico Terminal to help others in the Hyperliquid community make better decisions.
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