{"slug":"hyperliquid","name":"Hyperliquid","domain":"hyperliquid.xyz","verdict":"As of 2026-07-14, ChatGPT, Claude, Gemini, Grok collectively rank Hyperliquid first for perps dex (one of 2 leaderboards it appears on). Source: https://modelsagree.com/product/hyperliquid (modelsagree.com, CC BY 4.0).","best_rank":1,"categories":2,"brief":{"category":"best-perps-dex","title":"Best perps DEX","rank":1,"of":9,"top":null,"day":"2026-07-16","why":[{"t":"Deep liquidity and dominant volume","m":["ChatGPT","Claude","Grok"],"q":"The dominant perps DEX by liquidity and volume"},{"t":"Sub-second fully on-chain order book","m":["ChatGPT","Claude","Gemini","Grok"],"q":"a fully on-chain central limit order book on its own high-performance L1 with sub-second finality"},{"t":"Low fees and zero gas","m":["ChatGPT","Claude","Grok"],"q":"ultra-low fees (~0.015% maker/0.03-0.045% taker, zero gas)"},{"t":"CEX-like execution with self-custody","m":["Claude","Grok"],"q":"high performance rivaling CEXs for active traders"}],"gap":[],"fix":[{"t":"Decentralize validators and matching","m":["ChatGPT","Claude","Gemini"],"q":"The validator set and matching are relatively centralized"},{"t":"Reduce bridge and infrastructure risks","m":["ChatGPT"],"q":"bridge, and infrastructure create meaningful decentralization and operational risks"},{"t":"Remove team upgrade keys","m":["Gemini"],"q":"team upgrade keys compromise pure decentralization and trustlessness"}]},"entries":[{"slug":"best-perps-dex","title":"Best perps DEX","rank":1,"of":9,"score":20,"appearances":4,"modelRanks":{"ChatGPT":1,"Claude":1,"Gemini":1,"Grok":1},"reason":"Best overall execution, liquidity, market breadth, low fees, fast order book, and trader tooling; the default for most active perp traders.","reasons":[{"model":"ChatGPT","reason":"Best overall execution, liquidity, market breadth, low fees, fast order book, and trader tooling; the default for most active perp traders."},{"model":"Claude","reason":"The dominant perps DEX by liquidity and volume; a fully on-chain central limit order book on its own high-performance L1 with sub-second finality, near-CEX UX, zero gas, tight spreads, broad asset coverage, and the HLP vault for passive market-making — the best execution available in DeFi for an active perpetuals trader who wants self-custody."},{"model":"Gemini","reason":"Operates on a dedicated, high-throughput L1 chain providing sub-second finality, a deep central limit order book, and HyperEVM smart contract composability."},{"model":"Grok","reason":"Dominant on-chain perp volume leader (often 40-70%+ market share of DEX perps in 2026), purpose-built L1 with fully onchain CLOB, sub-second finality, 200k+ orders/sec, ultra-low fees (~0.015% maker/0.03-0.045% taker, zero gas), deep liquidity, self-custody, high performance rivaling CEXs for active traders; real-world execution merit and capital efficiency set it apart."}],"fixes":[{"model":"ChatGPT","fix":"Its concentrated validator set, bridge, and infrastructure create meaningful decentralization and operational risks."},{"model":"Claude","fix":"The validator set and matching are relatively centralized (a foundation-heavy app-chain), so it is not for traders who prioritize maximal decentralization/censorship-resistance or distrust a single opaque L1."},{"model":"Gemini","fix":"Highly permissioned validator set and team upgrade keys compromise pure decentralization and trustlessness."}],"updated":"2026-07-14","api":"https://modelsagree.com/api/v1/best/best-perps-dex.json"},{"slug":"best-crypto-exchange","title":"Best crypto exchange","rank":8,"of":8,"score":1,"appearances":1,"modelRanks":{"Gemini":5},"reason":"Delivers centralized order-book latency and high-throughput perpetuals execution on a dedicated non-custodial Layer-1 blockchain infrastructure. Assumes active derivatives traders want CEX performance without relinquishing custody.","reasons":[{"model":"Gemini","reason":"Delivers centralized order-book latency and high-throughput perpetuals execution on a dedicated non-custodial Layer-1 blockchain infrastructure. Assumes active derivatives traders want CEX performance without relinquishing custody."}],"fixes":[{"model":"Gemini","fix":"Not for casual spot investors or users requiring direct fiat bank transfers."}],"updated":"2026-07-19","api":"https://modelsagree.com/api/v1/best/best-crypto-exchange.json"}],"page":"https://modelsagree.com/product/hyperliquid","check":"https://modelsagree.com/check?q=Hyperliquid","updated":"2026-08-10T18:18:45.051Z","attribution":"modelsagree.com, CC BY 4.0"}