Liquary vs Hyperliquid
Perps and spot run on the same order book. What differs is everything Liquary puts around it.
Updated September 2026
The Liquary case, in three numbers
Side by side
marks the stronger side| What matters | Liquary | Hyperliquid |
|---|---|---|
| Venue | Hyperliquid L1 for perps, spot and HIP-4; Polymarket's own book for its markets | Hyperliquid L1 |
| Perps & spot execution | Identical: same book, same depth, same matching | Identical: same book, same depth, same matching |
| Custody | Self-custodial, keys never leave your device | Self-custodial |
| Onboarding | Email code creates a wallet, or connect an existing one | Connect a wallet |
| Exchange fee | Hyperliquid's own rate, identical on both | Hyperliquid's own rate |
| Builder fee | 0% until Oct 31, 2026, then volume-tiered | None |
| Prediction markets | HIP-4 and Polymarket side by side, as questions, odds and tickets | HIP-4 markets |
| Wallet & funding | Balances across chains, Solana included, with swap and bridge in the app | Hyperliquid balances |
| Resolved-market history | Permanent archive of settled markets, indexed after the chain purges them | Settled markets are purged from the API |
| Languages | Eight languages | English |
Which platform fits you?
Choose Hyperliquid if…
- You want the reference implementation, maintained by the team that builds the chain.
- You want every Hyperliquid feature the moment it ships, including the ones no other app has wired yet.
- You trade perps only, already have a wallet, and want the fewest possible layers between you and the book.
- You would rather trust one app than evaluate several.
Choose Liquary if…
- You trade prediction markets and want Hyperliquid's HIP-4 markets and Polymarket's in one place, as questions and odds rather than raw coins.
- You want one wallet view across Hyperliquid and the other chains you hold funds on, Solana included, with swap and bridge built in.
- You want the archive of resolved markets that Hyperliquid purges after settlement, and public profiles and leaderboards for every wallet.
- You want multi-step actions collapsed into one click, with the app sequencing the protocol steps.
- You want the app in your language: it ships in eight.
Same book, different app
On perps and spot, Liquary and Hyperliquid are the same venue. Every order placed here goes to Hyperliquid's on-chain order book, matches against the same depth, and settles the same way. There is no separate pool, no internal book, no wrapped position. If Hyperliquid is down, perps and spot on Liquary are down with it. On that part, comparing the two is not comparing venues.
But the order book is one part of Liquary, not all of it. The app also carries Polymarket's markets beside HIP-4's, a wallet that reads and moves funds across several chains, and a record of markets Hyperliquid no longer keeps. So the honest framing has two halves: for plain perps, the official app is the default and Liquary has to justify itself; for the rest, there is no official equivalent to compare against.
What Liquary adds
The first is prediction markets from more than one venue. HIP-4 markets exist at the protocol level as outcome coins, which is the right abstraction for a chain and the wrong one for a person deciding whether a team wins. Liquary renders them as questions, odds and tickets, and puts Polymarket's markets beside them, so a match reads as one match whichever venue lists it. When several HIP-4 deployers list the same market, it reads as one card and a buy is routed across their books in a single signature.
The second is the wallet around the account. Liquary shows what you hold on the other chains you use, Solana included, and moves it with swap and bridge built into the app, rather than sending you to a separate tool to get funds onto Hyperliquid. Signing in with an email one-time code creates a self-custodial wallet with no seed phrase and no extension; connecting your own works the same way.
The third is memory. Hyperliquid purges settled markets from its API, so your own trade history on a resolved market becomes unreadable at the source; Liquary keeps a permanent archive where it stays a question with a result. Every wallet also gets a public profile and a place on the leaderboards.
The fourth is sequencing. Several protocol actions need three or four steps in the right order, and Liquary collapses them into one intent. That is not a feature the venue is missing; it is work a venue should not have to do.
Where you should just use Hyperliquid
If you already have a wallet, know the venue and trade perps only, the official app is the shortest path and it costs you no builder fee. That is a real advantage and it is why the row above gives it to them.
The same goes for the frontier. Hyperliquid ships features the moment they exist; every app built on it, including this one, wires them afterwards. If you want something the day it lands, go to the source.
The fee argument is temporarily off the table: our builder fee is 0% until October 31, 2026, so trading through Liquary currently costs exactly what trading directly costs. After that it returns to a volume-tiered rate that falls as your volume grows.
Frequently asked questions
Is my order really on Hyperliquid?
Yes, for perps, spot and HIP-4 markets. Liquary places those orders directly on Hyperliquid's on-chain order book through its API. There is no internal book and no counterparty in between: the same depth, the same matching engine, the same settlement. Polymarket's markets are the exception: their orders go to Polymarket's own order book.
Does using Liquary cost more than going direct?
Not right now. Our builder fee is 0% until October 31, 2026, so the cost is identical to trading directly. Afterwards a volume-tiered builder fee applies on top of Hyperliquid's own exchange fee, and it falls as your 14-day volume grows.
Who holds my funds?
You do, on both. Liquary never custodies funds. Signing in by email creates a self-custodial wallet whose keys stay on your device, and you can export them at any time or connect your own wallet instead.
What happens to my prediction markets after they resolve?
Hyperliquid purges settled markets from its API, which makes older positions hard to read at the source. Liquary indexes them into a permanent archive, so a resolved market keeps its question, its outcome and its date.
Can I use my existing Hyperliquid account?
Yes. Connect the same wallet and your balances, positions and open orders are the account's, not the app's. Nothing needs migrating, because there is nothing to migrate.
See the markets for yourself
Fast perps and spot trading, and live prediction markets, no account needed to look.
Liquary is an independent app and is not affiliated with or endorsed by Hyperliquid. Facts checked September 2026. Nothing on this page is financial advice.