Top 7 Best Hyperliquid Alternatives of 2026
Next-Gen Perps Trading in 2026
Hyperliquid helped make onchain perpetuals feel fast, simple, and truly decentralized for everyday traders. Additionally, it showed that crypto users want a clean trading app without giving up self-custody, transparent markets, and public liquidity. Notably, this category matters because perps are where most active trading happens, and the best platforms now combine low fees, deep liquidity, and reliable execution.
Specifically, the best Hyperliquid alternatives in 2026 focus on efficient matching, strong liquidity incentives, and simple onboarding that fits both beginners and pros. Additionally, many of these platforms support multiple chains or offer flexible collateral options, which makes it easier to manage risk and diversify strategies. Therefore, here are the 7 best Hyperliquid alternatives currently leading the industry.
Reviews
1. Drift – Pro-Grade Perps With Smart Risk Controls
Drift tops our list as the most feature-complete Hyperliquid alternative for serious onchain derivatives traders. Furthermore, this Solana-based platform operates with fast execution and advanced account controls that feel familiar to CEX users. Notably, Drift excels in margin tooling, portfolio management, and flexible vault-style liquidity options.
What sets Drift apart is its strong risk system and trader workflow. Specifically, you get tools like subaccounts and refined margin settings that help separate strategies. Additionally, the interface supports active trading without overwhelming beginners. Moreover, its liquidity design aims to keep spreads competitive even in volatile markets. Consequently, with strong execution and professional controls, Drift delivers a confident perps experience for high-frequency and swing traders.
2. GMX – Simple Perps With Strong Liquidity Roots
GMX tops our list as the most beginner-friendly alternative for traders who want clean perps without complex order books. Furthermore, this platform operates across major ecosystems and is known for straightforward trading flows. Notably, GMX excels in ease of use, consistent product design, and simple collateral mechanics.
What sets GMX apart is its focus on accessible perps with a mature liquidity model. Specifically, traders can open positions quickly without managing too many knobs and settings. Additionally, the platform’s structure helps many users understand costs like fees and funding faster. Moreover, its long history in DeFi perps gives it strong credibility and battle-tested mechanics. Consequently, with a simple UX and reliable infrastructure, GMX delivers a smooth entry point into onchain leverage.
3. dYdX – Deep Markets For Active Derivatives Traders
dYdX tops our list as the most established name for traders who want liquid perps with an exchange-like feel. Furthermore, this platform operates with a strong focus on market depth and active trader tools. Notably, dYdX excels in its competitive markets, charting workflows, and consistent performance under heavy volume.
What sets dYdX apart is its trader-first product design. Specifically, the platform prioritizes liquid order books and fast matching that supports tighter spreads. Additionally, it offers an ecosystem that appeals to active traders who want an experience close to a centralized venue. Moreover, the platform’s maturity often means broader market coverage and smoother execution during volatility. Consequently, with strong liquidity and an advanced interface, dYdX delivers robust perps trading for serious users.
4. Kwenta – Clean Perps UX Built For Clarity
Kwenta tops our list as a strong Hyperliquid alternative for traders who value clarity and a focused trading screen. Furthermore, this platform operates with a polished interface that makes leverage trading easier to understand. Notably, Kwenta excels in presenting position details, fees, and risk in a way that helps newer traders avoid mistakes.
What sets Kwenta apart is its straightforward approach to the perps workflow. Specifically, it keeps core actions like opening, closing, and managing collateral easy to find. Additionally, the platform emphasizes transparent trade info so users can confirm costs before committing. Moreover, the UX is designed to reduce confusion around leverage and liquidation. Consequently, with a clean layout and clear risk info, Kwenta delivers a more approachable onchain perps experience.
5. ApolloX – Flexible Trading With Broad Market Access
ApolloX tops our list as a flexible alternative for traders who want variety and quick access to popular markets. Furthermore, this platform operates with an emphasis on convenience and broad coverage, which can help users find the pairs they actually want to trade. Notably, ApolloX excels in offering an accessible onramp into leveraged trading for different user types.
What sets ApolloX apart is its balance between usability and market choice. Specifically, it aims to keep the trading flow simple while still supporting active strategies. Additionally, the platform’s structure can appeal to traders who want fast navigation and quick position management. Moreover, the market selection is often a key draw for users who rotate assets and follow trends. Consequently, with wide access and flexible trading flows, ApolloX delivers an efficient perps option beyond Hyperliquid.
6. Gains Network – Efficient Leverage With Unique DeFi Mechanics
Gains Network tops our list as the most distinct Hyperliquid alternative for users who want innovative DeFi-native leverage. Furthermore, this platform operates with a model that focuses on efficiency and flexible exposure. Notably, Gains Network excels in offering a different approach to leveraged trading that can feel smoother for some strategies.
What sets Gains Network apart is its emphasis on capital efficiency and alternative mechanics. Specifically, the platform is often chosen by traders who want a streamlined way to access leverage without the usual friction. Additionally, it supports an experience that can be suitable for smaller accounts trying to manage fees. Moreover, its design encourages experimentation with different position sizes and styles. Consequently, with efficient mechanics and a unique model, Gains Network delivers a compelling option for DeFi leverage traders.
7. Level Finance – Streamlined Perps For Fast Decisions
Level Finance tops our list as a streamlined alternative for traders who want quick decisions and minimal clutter. Furthermore, this platform operates with a focus on speed, simple position management, and straightforward trading actions. Notably, Level Finance excels in keeping the experience lightweight while still supporting core perps features.
What sets Level Finance apart is its no-nonsense workflow. Specifically, it reduces the steps between choosing a market and opening a position. Additionally, the interface helps users track PnL and risk with less noise on screen. Moreover, the platform is built to make repeat actions fast for active traders. Consequently, with a lean UI and fast execution flow, Level Finance delivers a clean onchain perps experience similar in spirit to Hyperliquid.
The Hyperliquid Advantage
These Hyperliquid alternatives share key benefits like fast execution goals, transparent trading rules, and user-focused design. Additionally, they push perps toward a truly decentralized future where traders keep control of funds and can verify market behavior. Notably, this category represents where crypto trading is headed as onchain infrastructure gets faster and cheaper. Consequently, as blockchain performance improves, perps platforms will keep evolving toward deeper liquidity, safer risk systems, and more accessible leverage.
Comparison Table
| Platform | Best For | Typical Fee Focus |
|---|---|---|
| Drift | Advanced margin tools and active trading | Competitive maker/taker style costs |
| GMX | Simple perps and easy onboarding | Clear swap-style and position fees |
| dYdX | Liquid markets and exchange-like UX | Order book fees vary by volume |
| Kwenta | Clear UI and easy position tracking | Simple trading and funding costs |
| ApolloX | Broad market access and convenience | Cost structure depends on venue/product |
| Gains Network | Unique DeFi leverage mechanics | Efficiency-focused fee design |
| Level Finance | Fast, lightweight perps workflow | Simple, streamlined trading fees |
Note: “Typical Fee Focus” is a simplified view of how costs are commonly presented on each platform, such as maker/taker, swap-style fees, or funding-driven costs. Always confirm current fees, incentives, and funding rates directly inside the trading UI before opening positions.
Best DEX Aggregators in 2026
7 Best Decentralized Pastebins for Privacy (2026)
