Volmex vs Zellic
Hyperliquid ecosystem comparison · RWA Perps
Best for TradersQuick Take
Volmex Crypto volatility indices (BVIV/EVIV) and volatility perps on HIP-3 on HIP-3, while Zellic Rising star blockchain security firm with deep DeFi and cryptography expertise on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.
Based on public data for Volmex and Zellic. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.
Volmex
HIP-3Crypto volatility indices (BVIV/EVIV) and volatility perps on HIP-3
volmex.finance
Zellic
Multi-LayerRising star blockchain security firm with deep DeFi and cryptography expertise
zellic.ioOverview
Volmex
Volmex Finance is the leading protocol for crypto volatility products, offering on-chain implied volatility indices and derivatives. Their flagship products — BVIV (Bitcoin Implied Volatility Index) and EVIV (Ethereum Implied Volatility Index) — give traders a standardized way to hedge or speculate on market volatility, similar to how TradFi investors use the VIX. Volmex integrated with Hyperliquid via HIP-3, bringing perpetual volatility trading directly to the platform's high-performance order book. This allows Hyperliquid users to take long or short positions on crypto volatility without leaving the ecosystem. BVIV and EVIV are derived from options market data across major venues, providing transparent and manipulation-resistant benchmarks. For portfolio managers, volatility products serve as powerful hedging tools — when markets crash, volatility spikes, making BVIV/EVIV longs an effective hedge against spot or perp losses. Volmex's integration represents a significant step in bringing sophisticated TradFi-grade instruments to DeFi, deepening Hyperliquid's product suite beyond directional perpetuals and giving traders a complete toolkit to express volatility views and manage risk across all market conditions.
Visit websiteZellic
Zellic is a rapidly growing blockchain security firm that combines deep smart contract expertise with strong cryptographic and systems security knowledge, serving protocols across EVM ecosystems including HyperEVM. Founded by top competitive CTF players, Zellic's team brings an attacker's mindset to every engagement, proactively identifying vulnerabilities in complex DeFi protocols, cross-chain bridges, and financial primitives. Zellic has audited hundreds of millions in TVL across lending protocols, DEXes, and infrastructure projects—many architecturally similar to what is being built on Hyperliquid. Their reports are known for clear vulnerability disclosure with actionable remediation guidance. For HyperEVM projects seeking an audit firm with fresh perspectives and a strong track record in cutting-edge DeFi security research, Zellic provides rigorous assessment that complements the traditional audit landscape and has earned a reputation as one of the most thorough firms for complex protocol reviews.
Visit websiteFeature Comparison
| Feature | ||
|---|---|---|
| Layer | HIP-3 | Multi-Layer |
| Category | RWA Perps | Security & Audits |
| Status | Beta | Active |
| Launch Year | 2025 | — |
| Website | volmex.finance | zellic.io |
| @volmexfinance | — | |
| GitHub | Not public | Not public |
| Verified | Unverified | Unverified |
| Tags | volatilityBVIVEVIVVIXHIP-3 | — |
Score Comparison
Feature Matrix
| Feature | ||
|---|---|---|
| Open Source | ✗ | ✗ |
| Verified | ✗ | ✗ |
| Has Website | ✓ | ✓ |
| Has Twitter | ✓ | ✗ |
| Has GitHub | ✗ | ✗ |
| Active Status | ✗ | ✓ |
Key Differences
Layer Architecture
Volmex operates on HIP-3 (permissionless custom perpetual markets), while Zellic runs on Multi-Layer (spans multiple hyperliquid layers). This affects composability, transaction speed, and the types of integrations each protocol supports.
Category Focus
Volmex is focused on rwa perps, while Zellic targets security & audits. They serve different user needs within the Hyperliquid ecosystem.
When to Use Each
Choose Volmex if you...
- ✓Want a rwa perps solution on HIP-3
- ✓Need features like volatility and BVIV
- ✓Need: Crypto volatility indices (BVIV/EVIV) and volatility perps on HIP-3
Choose Zellic if you...
- ✓Want a security & audits solution on Multi-Layer
- ✓Need: Rising star blockchain security firm with deep DeFi and cryptography expertise
Ecosystem Integration
Volmex
Volmex operates on HIP-3 (permissionless custom perpetual markets). Through HIP-3, it enables permissionless creation of custom perpetual markets.
Zellic
Zellic 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
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