Pact vs Project X: Algorand depth or Hyperliquid scale? (2026)

Pact and Project X serve different ecosystems: Pact operates on Algorand, while Project X is built on Hyperliquid. The clearest difference in scale is TVL. Pact has roughly $0.9 million, and Project X has about $36.7 million. That gap may matter when comparing protocols, but TVL does not guarantee deep liquidity for every pair or a low-impact fill on a specific trade.

Pact has the broader set of described trading and liquidity tools. Its aggregator routes across Algorand DEXs, and it offers traditional AMM, stable-swap and concentrated pool types, along with farms and analytics. Project X keeps its interface focused on swaps, liquidity and a portfolio view. Its pool types and reward structure are not described publicly. Choose based on the chain you use first; these are not interchangeable cross-chain venues.

Project X advertises 0% fees on swaps, but does not explain whether the claim covers every pair or pool, how the protocol earns revenue, or whether the offer may change. Treat it as a headline claim rather than a complete cost breakdown. Network gas, price impact and slippage can still affect a trade, and liquidity-provider returns are not published.

Pact does not publish exact swap fees, pool fee percentages or any protocol take rate. It does offer multiple pool fee tiers, but the actual percentages are not stated. Pact also describes its transaction fees as low, without giving a figure. On either DEX, inspect the final transaction details in the app before confirming. The displayed swap cost and expected output matter more than a general fee claim, especially when trading in pools with limited liquidity.

Pact has two audits listed, but the auditors and audit findings are not specified. Project X has no audits listed, and no security reviews, bug bounty or insurance are published. That makes Pact the more documented option on audits, but an audit listing does not remove smart-contract risk or guarantee that a protocol is safe.

Both projects are non-custodial DEXs, so users connect a wallet and remain responsible for their assets and transaction approvals. DEX users can still face contract bugs, malicious token listings and other protocol risks. Liquidity providers also face impermanent loss; Pact's safety notes additionally flag pool manipulation as a risk. Neither project has a reported hack or incident in the details here, but that is not proof that future incidents cannot occur. Project X is described as a young protocol, while Pact has been tracked since 2022.

Pact is the stronger fit if you trade on Algorand and value routing across DEXs, several pool designs, farms and built-in analytics. Its developer SDK is also a point of difference for teams integrating with the protocol. Keep its modest TVL in mind, particularly for larger trades, and note that concentrated liquidity pools are described as being in testing rather than as an established feature.

Project X suits users already in the Hyperliquid ecosystem who want a simpler set of swap, liquidity and portfolio tools and are interested in its advertised 0% swap fees. Its TVL is much higher, but the project has a shorter track record and publishes less detail about its fees, pools and security. The Cashdrop section is also unexplained. Before using either app, verify that you have the official project site; both names have unrelated products associated with them.