Ventuals vs Tenderly
Hyperliquid ecosystem comparison · Prediction Markets
Ecosystem PickQuick Take
Ventuals Pre-IPO perpetuals on HIP-3 — trade SpaceX, OpenAI, and more on HIP-3, while Tenderly Smart contract debugging, monitoring, and simulation platform for HyperEVM on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.
Based on public data for Ventuals and Tenderly. 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
Tenderly
Multi-LayerSmart contract debugging, monitoring, and simulation platform for HyperEVM
tenderly.coOverview
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 websiteTenderly
Tenderly is the all-in-one smart contract development platform providing debugging, monitoring, simulation, and alerting tools for EVM developers building on HyperEVM and other networks. Its Visual Debugger decodes failed and reverted transactions into human-readable stack traces, making it dramatically faster to diagnose smart contract bugs compared to raw EVM opcodes. Tenderly's Simulation API lets developers test transaction outcomes against the current HyperEVM state without spending gas, enabling safer protocol upgrades and parameter changes. Continuous monitoring with configurable alerts notifies teams when specific on-chain conditions occur—such as large withdrawals, abnormal gas usage, or function calls from specific addresses. For Hyperliquid ecosystem teams shipping production DeFi protocols, Tenderly's toolchain shortens the development cycle and reduces the risk of costly on-chain mistakes, making it an essential part of any serious HyperEVM smart contract team's development workflow.
Visit websiteFeature Comparison
| Feature | ||
|---|---|---|
| Layer | HIP-3 | Multi-Layer |
| Category | Prediction Markets | SDKs & Developer Tools |
| Status | Beta | Active |
| Launch Year | 2025 | — |
| Website | ventuals.com | tenderly.co |
| @ventuals_xyz | — | |
| GitHub | Not public | Not public |
| Verified | Unverified | Unverified |
| Tags | pre-IPOperpetualsVCHIP-3VNTLS | — |
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 Tenderly 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 Tenderly targets sdks & developer tools. They serve different user needs within the Hyperliquid ecosystem.
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 Tenderly if you...
- ✓Want a sdks & developer tools solution on Multi-Layer
- ✓Need: Smart contract debugging, monitoring, and simulation platform for HyperEVM
Ecosystem Integration
Ventuals
Ventuals operates on HIP-3 (permissionless custom perpetual markets). Through HIP-3, it enables permissionless creation of custom perpetual markets.
Tenderly
Tenderly 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 Tenderly to help others in the Hyperliquid community make better decisions.
Related Comparisons
Explore more projects in this category