Ventuals vs LiquidSwap
Hyperliquid ecosystem comparison · Prediction Markets
Ecosystem PickQuick Take
Ventuals Pre-IPO perpetuals on HIP-3 — trade SpaceX, OpenAI, and more on HIP-3, while LiquidSwap DEX aggregator spanning HyperEVM and HyperCore on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.
Based on public data for Ventuals and LiquidSwap. 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
LiquidSwap
Multi-LayerDEX aggregator spanning HyperEVM and HyperCore
liqd.agOverview
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 websiteLiquidSwap
LiquidSwap, built by Liquid Labs, is a DEX aggregator on the Hyperliquid ecosystem that routes swaps across both HyperEVM decentralized exchanges and HyperCore's native order-book liquidity to guarantee users the best available price for every trade. Most DeFi aggregators operate within a single execution layer, but LiquidSwap's cross-layer architecture bridges the gap between HyperEVM's AMM-based DEXs and HyperCore's high-performance central limit order book — giving traders unified, one-click access to the deepest combined liquidity pool in the Hyperliquid ecosystem. Smart routing logic splits and sizes orders across multiple venues when beneficial, reducing price impact on larger trades and consistently capturing better execution than any single DEX could provide. Liquid Labs designed LiquidSwap to serve as the default swap infrastructure layer for HyperEVM users, abstracting away the complexity of choosing between trading venues, managing slippage, and navigating the boundary between execution environments. The result is a seamless, low-friction trading experience that competes on both price and speed — well-suited to a chain where ultra-low latency and high throughput are first-class features of the underlying architecture.
Visit websiteFeature Comparison
| Feature | ||
|---|---|---|
| Layer | HIP-3 | Multi-Layer |
| Category | Prediction Markets | Decentralized Exchanges |
| Status | Beta | Active |
| Launch Year | 2025 | 2025 |
| Website | ventuals.com | liqd.ag |
| @ventuals_xyz | — | |
| GitHub | Not public | Not public |
| Verified | Unverified | Unverified |
| Tags | pre-IPOperpetualsVCHIP-3VNTLS | DEX-aggregatorroutingcross-layer |
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 LiquidSwap runs on Multi-Layer (spans multiple hyperliquid layers). This affects composability, transaction speed, and the types of integrations each protocol supports.
Category Focus
Ventuals is focused on prediction markets, while LiquidSwap targets decentralized exchanges. They serve different user needs within the Hyperliquid ecosystem.
Unique Features
Ventuals is distinguished by: pre-IPO, perpetuals, VC, HIP-3, VNTLS. LiquidSwap stands out with: DEX-aggregator, routing, cross-layer.
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 LiquidSwap if you...
- ✓Want a decentralized exchanges solution on Multi-Layer
- ✓Need features like DEX-aggregator and routing
- ✓Need: DEX aggregator spanning HyperEVM and HyperCore
Ecosystem Integration
Ventuals
Ventuals operates on HIP-3 (permissionless custom perpetual markets). Through HIP-3, it enables permissionless creation of custom perpetual markets.
LiquidSwap
LiquidSwap 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 Ventuals or LiquidSwap to help others in the Hyperliquid community make better decisions.
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