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Analytics dashboards and multi-exchange data vendors vs a Hyperliquid and Lighter archive

Published 4 min read

0xArchive comparison · Dashboards and data vendors

An analytics platform shows you charts someone else built. A multi-exchange data vendor sells raw market data across dozens or hundreds of venues through one contract. A venue archive such as 0xArchive goes deep on two venues, Hyperliquid and Lighter, and keeps their order books down to the single order.

The right one depends on whether you want to read a chart, compare many exchanges, or rebuild what happened inside one book.

Which one fits your job

Your jobUseWhy
Check funding or open interest at a glanceAnalytics platformThe chart is already built
One dataset across many centralized exchangesMulti-exchange vendorOne schema, one contract
Backtest on Hyperliquid or Lighter booksVenue archiveFull book history, by the order
See which wallet placed a resting orderVenue archiveHyperliquid L4 keeps the wallet
Feed numbers into your own codeVendor or archive APIRaw rows for your own math

Dashboards answer the questions their builders picked

An analytics platform is fast for reading the market: funding across coins, open interest moves, liquidation totals. The charts, filters and time ranges are the ones its team chose to build.

When your question is not on a chart, a dashboard runs out. You cannot rerun it at a different interval, join it to your own fills, or replay the book behind a number. That is when a team moves to an API.

Multi-exchange vendors win on breadth

A vendor that covers hundreds of venues gives you one schema for Binance, Bybit, OKX and the rest. That is the right buy when your strategy compares exchanges, or when compliance wants one supplier.

On a newer onchain venue, a vendor's history starts on the day it added that venue. Before you sign, check three things on its own coverage page: that start date, whether the book is price levels or single orders, and whether Hyperliquid's HIP-3 markets and Lighter are included.

A venue archive keeps the whole book for two venues

0xArchive records Hyperliquid core, Spot, HIP-3 builder perps and HIP-4 outcome markets as separate families, plus Lighter and Lighter on Robinhood Chain. Its Hyperliquid book history starts on 15 April 2023.

From March 2026 it keeps every resting order on Hyperliquid with the wallet that placed it (L4), and every resting order on Lighter (L3). You can rebuild the exact book at any moment since then, in order, by REST, WebSocket replay or Parquet export.

Use a vendor for breadth and 0xArchive for Hyperliquid and Lighter depth

The two are not exclusive. A desk that trades centralized exchanges and onchain perps can keep its multi-exchange vendor for the first and add 0xArchive for the second.

The comparisons with Kaiko, CoinAPI and Tardis go vendor by vendor, with each one's Hyperliquid and Lighter coverage from its own documentation.

Route references

Use the REST reference for books, trades, funding and liquidations, the Hyperliquid L4 reference for order-level books with wallets, the Lighter L3 reference for Lighter's order-level book, and venue coverage for each market's start dates.

For current API availability and plan details, use the Hyperliquid data API, data catalog, pricing, and status.