Publication ready
Hyperliquid vs GMX
Inspect evidenceDEX EVIDENCE INTERFACE
DEX architecture & control
How each protocol works, where collateral sits, and who controls what. Structural differences — not a ranking.
Key structural facts
Execution model
How orders are matched and settled.
Collateral location
Where margin and collateral sit in the stack.
Oracle
Which price feeds the protocol relies on.
Control authority
Who can upgrade, pause, or parameterize.
Primary chain
Primary deployment network on record.
Core-5 evidence
| DEX | Protocol type | Markets | Execution | Custody | Oracle | Primary chain | Evidence updated |
|---|---|---|---|---|---|---|---|
| GMXPublication ready | Perpetuals DEX | Crypto | Synthetic | Smart-contract custody | Chainlink Data Streams | Arbitrum | 2026-08-30 |
| Jupiter PerpsPublication ready | Perpetuals DEX | Crypto | Synthetic | Smart-contract custody | Edge by Chaos Labs | Solana | 2026-08-30 |
| ParadexPublication ready | Hybrid | Crypto | Order book | Smart-contract custody | Pyth Network & Stork Network | Paradex Chain (Starknet appchain → Ethereum) | 2026-08-30 |
| OstiumPublication ready | Synthetic markets | Crypto · FX · Commodities · Indices · Stocks · ETFs | RFQ | Smart-contract custody | Ostium in-house consensus oracle | Arbitrum | 2026-08-30 |
| AvantisReady with disclosure | Synthetic markets | Crypto · FX · Commodities · Indices · Stocks | Synthetic | Smart-contract custody | Pyth | Base | 2026-08-30 |
Featured comparisons
Evidence-domain compares only. No overall winner.
Publication ready
GMX vs Jupiter Perps
Inspect evidencePublication ready
Paradex vs Hyperliquid
Inspect evidencePublication ready
Ostium vs Avantis
Inspect evidencePublication ready
Jupiter Perps vs Hyperliquid
Inspect evidence
DEX Architecture / Control / Custody evidence only. No DEX score. Unresolved states remain unresolved.