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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 5 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 a euro-focused crypto exchange with 400+ assets, a mobile app and advanced trading tools. Check the full fee schedule, account checks and withdrawal terms before funding it.

    Read the Bitvavo reviewVisit Bitvavo(opens in a new tab)
    ScoreScore 7.7 out of 10
    TVL $311M−13.3%
  2. 2
    Bitget logo

    Bitget

    Centralized Exchanges · Bitcoin, Solana, Ethereum +68

    Bitget is a centralized exchange for crypto trading, with additional markets including stock and commodity products. Its range is broad, but check fees, local availability and the terms of any non-crypto product before depositing.

    Read the Bitget reviewVisit Bitget(opens in a new tab)
    ScoreScore 6.8 out of 10
    TVL $5.78B−0.1%
  3. 3
    Backpack logo

    Backpack

    Centralized Exchanges · Solana, Bitcoin, Ethereum +26

    Backpack combines a centralized crypto and stock trading account with a separate self-custody wallet. Its range is broad, but check current fees, eligibility and custody details before moving funds.

    Read the Backpack reviewVisit Backpack(opens in a new tab)
    ScoreScore 6.4 out of 10
    TVL $510M−4.4%
  4. 4
    SwissBorg logo

    SwissBorg

    Centralized Exchanges · Bitcoin, Ethereum, Solana +28

    SwissBorg is a mobile crypto investing app that routes trades across exchanges and offers automated investing, Earn products and a crypto card. Check its exact fees, custody arrangements and eligibility rules before transferring funds.

    Read the SwissBorg reviewVisit SwissBorg(opens in a new tab)
    ScoreScore 6.2 out of 10
    TVL $807M−5.0%
  5. 5
    Gate logo

    Gate

    Centralized Exchanges · Ethereum, Bitcoin, BNB Chain +129

    Gate is a large, feature-rich centralized exchange for crypto trading, investing and other markets. Before funding an account, check which Gate entity serves your location, what verification it requires and the fees for the products you plan to use.

    Read the Gate reviewVisit Gate(opens in a new tab)
    ScoreScore 5.9 out of 10
    TVL $5.86B−2.5%
  6. 6
    Gate US logo

    Gate US

    Centralized Exchanges · Ethereum, Solana, BNB Chain +66

    Gate US is a U.S.-focused crypto exchange, but the available details do not establish which global Gate features or protections apply to U.S. customers. Check fees, availability, and withdrawal rules before signing up or depositing.

    Read the Gate US reviewVisit Gate US(opens in a new tab)
    ScoreNot rated yet
    TVL $53.6M−2.4%

Centralized Exchanges on Hyperliquid L1: the numbers

Tracked
6
Reviewed
6
Total TVL
$13.3B
Avg. score
6.6/10

SkyBitcoins tracks 6 centralized exchanges on Hyperliquid L1. Every one of them has a full review. Combined, they lock $13.3B, 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 $510M.

Ranked by TVL, Gate ($5.86B), Bitget ($5.78B) and SwissBorg ($807M) lead the field. The best-rated is Bitvavo with 7.7/10, followed by Bitget (6.8) and Backpack (6.4). The 5 rated centralized exchanges average 6.6/10, 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 2.0%. Bitvavo dropped the most (−13.3%).

Largest by TVL

  1. 1Gate logoGate$5.86B
  2. 2Bitget logoBitget$5.78B
  3. 3SwissBorg logoSwissBorg$807M
  4. 4Backpack logoBackpack$510M
  5. 5Bitvavo logoBitvavo$311M

Highest rated

  1. 1Bitvavo logoBitvavo7.7
  2. 2Bitget logoBitget6.8
  3. 3Backpack logoBackpack6.4
  4. 4SwissBorg logoSwissBorg6.2
  5. 5Gate logoGate5.9

Method

How we ranked them

Reviewed dApps come first. Each SkyBitcoins 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.

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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 $5.86B across all the chains it supports. It is followed by Bitget ($5.78B) and SwissBorg ($807M). TVL figures come from DefiLlama and change daily.

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

Bitvavo has the highest score at 7.7/10, ahead of Bitget (6.8) and Backpack (6.4). 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 SkyBitcoins reviewed?

SkyBitcoins tracks 6 centralized exchanges on Hyperliquid L1. Of these, 6 have a full review and 6 report value locked, $13.3B 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 the biggest drop (−13.3%). Combined TVL moved −2.0% over the same seven days.

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

The 5 rated centralized exchanges on Hyperliquid L1 average 6.6 out of 10. Of these, 0 score 8 or higher and 0 score below 5.