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Best of · Hyperliquid L1 · Updated

The best Centralized Exchanges on Hyperliquid L1 in 2026

We track 6 Centralized Exchanges that run on Hyperliquid L1 and have reviewed 6 of them in full. Our top pick is Bitvavo. Each one is scored on security, ease of use, fees and features.

Ranked list

  1. 1
    Bitvavo logo

    Bitvavo

    Centralized Exchanges · Ethereum, Bitcoin, Solana +9

    Bitvavo is an Amsterdam-based centralized crypto exchange regulated under MiCA by the Dutch AFM, with 400+ assets and low stated trading fees. Its main caveat is that staking and lending sit outside MiCA protections.

    Read the Bitvavo reviewVisit Bitvavo(opens in a new tab)
    ScoreScore 7.9 out of 10
    TVL $358M+16.7%
  2. 2
    Gate logo

    Gate

    Centralized Exchanges · Ethereum, Bitcoin, BNB Chain +129

    Gate is a centralized crypto exchange founded in 2013 that now spans spot, futures, stocks and earn products. Its breadth and proof-of-reserves claims are the draw; custody risk and unclear regional licensing are the main caveats.

    Read the Gate reviewVisit Gate(opens in a new tab)
    ScoreScore 7.7 out of 10
    TVL $5.84B−4.6%
  3. 3
    Bitget logo

    Bitget

    Centralized Exchanges · Bitcoin, Solana, Ethereum +68

    Bitget is a centralized crypto exchange that now markets itself as a multi-asset platform, adding tokenized stocks, commodities and forex to spot and futures trading. It offers a wide range of products, but its security and compliance claims come mainly from the exchange itself.

    Read the Bitget reviewVisit Bitget(opens in a new tab)
    ScoreScore 7.6 out of 10
    TVL $5.82B−1.3%
  4. 4
    Backpack logo

    Backpack

    Centralized Exchanges · Solana, Bitcoin, Ethereum +26

    Backpack combines a centralized crypto exchange, US stock trading and a separate self-custody wallet in one app. Its main draw is cross-collateral margin that earns yield, and its main caveat is custodial and leverage risk.

    Read the Backpack reviewVisit Backpack(opens in a new tab)
    ScoreScore 7.6 out of 10
    TVL $505M−6.0%
  5. 5
    SwissBorg logo

    SwissBorg

    Centralized Exchanges · Bitcoin, Ethereum, Solana +28

    SwissBorg is a European mobile app that routes crypto trades across several exchanges, with auto-invest, earn products and a BORG loyalty token. It suits beginners who want one app, but fees and BORG dependence need checking.

    Read the SwissBorg reviewVisit SwissBorg(opens in a new tab)
    ScoreScore 7.4 out of 10
    TVL $810M−5.3%
  6. 6
    Gate US logo

    Gate US

    Centralized Exchanges · Ethereum, Solana, BNB Chain +66

    Gate US is described as the US-incorporated arm of the Gate crypto exchange, aimed at American individuals and institutions. Public sources support its identity, but US-specific fees, licenses and product scope are not published in them.

    Read the Gate US reviewVisit Gate US(opens in a new tab)
    ScoreScore 6.8 out of 10
    TVL $54.0M+4.6%

Centralized Exchanges on Hyperliquid L1: the numbers

Tracked
6
Reviewed
6
Total TVL
$13.4B
Avg. score
7.5/10

DappsAtlas tracks 6 centralized exchanges on Hyperliquid L1. Every one of them has a full review. Combined, they lock $13.4B, counting value on every chain they support. Gate is the clear leader, holding 44% of it. The top five account for 100%, while the median centralized exchange holds $505M.

Ranked by TVL, Gate ($5.84B), Bitget ($5.82B) and SwissBorg ($810M) lead the field. The best-rated is Bitvavo with 7.9/10, followed by Gate (7.7) and Bitget (7.6). The 6 rated centralized exchanges average 7.5/10, and none scores 8 or above yet.

Beyond Hyperliquid L1, these centralized exchanges most often also run on Ethereum (6), Bitcoin (6) and Solana (6). All 6 with a confirmed status are active. In the past week, total value locked fell 2.8%. Bitvavo gained the most (+16.7%), while Backpack dropped the most (−6.0%).

Largest by TVL

  1. 1Gate logoGate$5.84B
  2. 2Bitget logoBitget$5.82B
  3. 3SwissBorg logoSwissBorg$810M
  4. 4Backpack logoBackpack$505M
  5. 5Bitvavo logoBitvavo$358M

Highest rated

  1. 1Bitvavo logoBitvavo7.9
  2. 2Gate logoGate7.7
  3. 3Bitget logoBitget7.6
  4. 4Backpack logoBackpack7.6
  5. 5SwissBorg logoSwissBorg7.4

Method

How we ranked them

Reviewed dApps come first. Each DappsAtlas review scores security, ease of use, fees and features from 0 to 10 using public facts such as audits, documentation and on-chain data; the overall score orders the list, with total value locked as the tie-breaker. Projects we have not reviewed yet follow, ordered by total value locked. Scores are never sold.

Guides

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Frequently asked questions

What is the largest centralized exchange on Hyperliquid L1 by TVL?

Gate is the largest centralized exchange on Hyperliquid L1 by total value locked, with $5.84B across all the chains it supports. It is followed by Bitget ($5.82B) and SwissBorg ($810M). TVL figures come from DefiLlama and change daily.

Which centralized exchange on Hyperliquid L1 has the highest DappsAtlas score?

Bitvavo has the highest score at 7.9/10, ahead of Gate (7.7) and Bitget (7.6). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many centralized exchanges on Hyperliquid L1 has DappsAtlas reviewed?

DappsAtlas tracks 6 centralized exchanges on Hyperliquid L1. Of these, 6 have a full review and 6 report value locked, $13.4B in total, counting value on every chain they support.

Which centralized exchanges on Hyperliquid L1 grew the most this week?

Among centralized exchanges with at least $1M locked, Bitvavo had the biggest 7-day TVL gain (+16.7%) and Backpack the biggest drop (−6.0%). Combined TVL moved −2.8% over the same seven days.

What is the average score for centralized exchanges on Hyperliquid L1?

The 6 rated centralized exchanges on Hyperliquid L1 average 7.5 out of 10. Of these, 0 score 8 or higher and 0 score below 5.