# Hyperliquid: how AI models rank it, November 2026

Gane Index, November 2026 Edition. Named in 12 judge labels across 1 category by 10 of 14 models. Page: https://www.gane.ai/index/it/vendors/hyperliquid

## Standing by category

| Category | Share | Rank | Negative rate | Labels |
|---|---|---|---|---|
| [Digital employee experience](https://www.gane.ai/index/it/operations/digital-employee-experience/index.md) | 2% | 12 | 8% | 12 |

## What the models said for it

- "Hyperliquid (HLP) – *Best for Derivatives & High Frequency* ... 0% Gas fees; fastest execution." (Qwen 3.7 Flash, DEX)
- "Newer platforms like Hyperliquid are gaining significant market share with orderbook models" (MiniMax M2.5, DEX)
- "Hyperliquid is far ahead for perpetuals at roughly $432 billion a month" (Claude Haiku 4.5, DEX)
- "Hyperliquid/dYdX/GMX only when specifically seeking perpetual futures" (Perplexity Sonar, DEX)

## And against it

- "On Hyperliquid, Aster and Variational, your money depends on keys and systems the team controls" (Muse Glimmer 30B, DEX)

## By model

| Model | First choice | Alternative | Mention | Warning | Labels |
|---|---|---|---|---|---|
| Claude Haiku 4.5 | 0 | 1 | 0 | 0 | 1 |
| GPT-5.4 mini | 0 | 0 | 0 | 0 | 0 |
| Gemini 3.5 Flash | 0 | 1 | 0 | 0 | 1 |
| Perplexity Sonar | 0 | 1 | 0 | 0 | 1 |
| Grok 4.20 | 0 | 0 | 0 | 0 | 0 |
| Mistral Small | 0 | 0 | 0 | 0 | 0 |
| DeepSeek V4 Flash | 0 | 1 | 0 | 0 | 1 |
| Llama 4 Maverick | 0 | 0 | 1 | 0 | 1 |
| Qwen 3.7 Flash | 1 | 1 | 0 | 0 | 2 |
| Kimi K2 | 0 | 1 | 0 | 0 | 1 |
| GLM 4.7 FlashX | 0 | 1 | 0 | 0 | 1 |
| MiniMax M2.5 | 0 | 1 | 0 | 0 | 1 |
| GPT-6 Luna | 0 | 0 | 0 | 0 | 0 |
| Muse Glimmer 30B | 0 | 1 | 0 | 1 | 2 |

## Sources returned with these answers

The sites and pages cited by the answers that named Hyperliquid, from 26 of the 27 answers that named it (only the models that return a source list).

### Domains cited

- nownodes.io: 10
- cio.com: 9
- ventureburn.com: 9
- coingecko.com: 7
- cryptoslate.com: 7
- coinmarketcap.com: 6
- arxiv.org: 5
- chainscorelabs.com: 5
- datawallet.com: 5
- money.com: 5

### Pages cited

- https://nownodes.io/blog/best-decentralized-exchanges-dexs-in-2026: 10
- https://cio.com/article/4240539/theres-no-best-dex-platform-but-there-is-one-for-you.html: 9
- https://ventureburn.com/best-decentralized-crypto-exchanges: 9
- https://coingecko.com/en/exchanges/decentralized: 7
- https://coinmarketcap.com/rankings/exchanges/dex: 6
- https://cryptoslate.com/decentralized-exchanges: 5
- https://datawallet.com/crypto/best-decentralized-exchanges: 5
- https://money.com/best-6-decentralized-exchanges-of-2025: 5

## Record

- Method: https://www.gane.ai/index/it/methodology
- License: CC BY 4.0. Cite as Gane Index, November 2026 Edition, www.gane.ai/index/it.