Crypto protocols compared
ChainScouter compares 7 crypto protocols (4 perpetual DEXs and 3 trading apps) on trading fees, KYC, country restrictions, markets, and leverage. Each fact links to its source, mostly the protocol's own docs and terms.
Crypto protocols by category
Leveraged perpetuals traded on an order book or against a liquidity pool.
No KYC: Hyperliquid, Lighter, and GMX
Category guide
Compare two protocols
Pick any two for a side-by-side page. The pairs below also have our written analysis.
Hyperliquid vs Lighter
Lighter's Standard account pays no trading fee but waits on a deliberate order delay, and its published country exclusions are long. Hyperliquid has one fee schedule with market exceptions and a shorter named exclusion list. Neither runs identity checks. Check both before the fee decides anything.
See comparisonHyperliquid vs Aster
Aster charges nothing to make and 0.04% to take, hides orders on request, and lists stocks and commodities, but its Terms allow identity checks, its country list is longer, and its 2025 volume was disputed. Hyperliquid has one schedule, a public book, and a shorter exclusion list. Name the exact market first.
See comparisonLighter vs Aster
Both exclude the US, Canada, and the UK. Lighter's default account pays no fee and its matching is proven on Ethereum. Aster pays 0.04% to take, hides orders, lists more markets, and may ask for identity verification. Match the account type and market group before comparing costs.
See comparisonFomo vs Axiom
Fomo is a phone app that buys tokens on several chains from one USDC balance and puts every trade in a public feed. Axiom is a desktop terminal for trading new Solana tokens fast, with wallet tracking and execution controls. Fomo's standard fee is lower, while Axiom lets you set a price and walk away. Both let you export the wallet's keys.
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