Hyperfolio vs DefiLlama (2026): The Hyperliquid Portfolio Tracker That Shows Your Real PnL

DefiLlama is the best free source of protocol-level DeFi data in crypto, but its portfolio tracker cannot show your Hyperliquid perp PnL: no realized and unrealized split, no fees and funding breakdown, no smart money radar and no push alerts. Hyperfolio is the free, read-only tracker that covers exactly what DefiLlama leaves out. Paste any Hyperliquid address at app.hyperfolio.fun and see your true net PnL, fees and funding in seconds, with no registration.

You trade perps on Hyperliquid. You open DefiLlama to "track your portfolio". And what do you get? Token balances and dollar values — but not a single number about your actual PnL. No realized profit, no funding paid, no fee drag, no clue whether that position you closed at +$4,000 was actually +$3,200 after costs. DefiLlama is a phenomenal analytics platform; it was just never built to answer the one question a Hyperliquid trader asks every day: am I actually making money?

That is the gap this 2026 comparison closes. We break down what DefiLlama does brilliantly, where its portfolio tool falls short for perp traders, and why Hyperfolio — a free, read-only PWA built natively for Hyperliquid — gives you the per-wallet PnL picture you cannot get anywhere else.

What DefiLlama actually is: protocol data, not personal PnL

DefiLlama is the open-source, ad-free analytics standard of DeFi: it tracks TVL, fees, revenue, volume and yields across 7,000+ protocols on 500+ chains, and its public API and open adapters made it the most trusted macro data source in the industry. For Hyperliquid specifically, DefiLlama's protocol page is genuinely impressive: per its own dashboards, Hyperliquid has shown figures in the ballpark of ~$190B+ in 30-day perp volume, ~$8B+ in open interest and hundreds of millions in annualized fees.

That data answers one question: how big is Hyperliquid as a protocol? It does not answer the question you actually care about: how is MY wallet doing? And that is by design — DefiLlama is a protocol analytics aggregator, not a personal portfolio tracker for perpetuals.

What DefiLlama's portfolio page can and cannot do

The DefiLlama portfolio tracker (defillama.com/portfolio) lets you paste an address and see its token balances and estimated values across supported chains. Useful for a quick snapshot, free, no account. But for a Hyperliquid perp trader the limits are hard:

• No perp PnL. It shows balances, not the realized and unrealized PnL of your positions.
• No fees and funding breakdown. The 0.035% taker fee and hourly funding payments that silently eat your edge simply do not appear.
• No equity curve. You cannot see your full trading history, performance by period or drawdowns.
• No smart money radar and no alerts. Nothing tells you when top traders open positions or when a whale moves.
• No multi-venue perps. Hyperliquid, AsterDEX, Lighter and Robinhood Chain positions are not aggregated into one PnL view.

Key takeaway: DefiLlama tells you what the protocol earns. It will never tell you what you earn. Those are two different products.

What Hyperfolio does: a tracker built natively for Hyperliquid

Hyperfolio is a free, mobile-first PWA designed from day one for Hyperliquid traders. You do not connect a wallet and you do not register: just paste any public address and the app reads the on-chain state of the account. It is 100% read-only — no private keys, no WalletConnect, no signing, nothing that could move your funds.

• Real perp PnL: realized and unrealized PnL computed from the account's actual fills, with fees and funding included.
• Equity curve with full history: your complete range, performance stat cards, directional bias and privacy mode in USD or EUR.
• Smart Money Radar: see when top Hyperliquid traders open new positions, with filters by size ($10K / $25K / $50K+) and asset type, including RWAs.
• Push and copy-trading alerts: entry and exit alerts for wallets you follow, leverage and TWAP tabs, and push notifications that work even when the PWA is closed.
• Multi-venue portfolio: Hyperliquid, AsterDEX, Lighter and Robinhood Chain in one unified equity view — no spreadsheets.
• Top 100 by 30-day PnL, Markets with live WebSocket charts and technical signal, Perp Calculator and Predictions Hub: the full Hyperliquid toolkit in one app.

Where DefiLlama gives you a macro lens on Hyperliquid, Hyperfolio gives you the microscope on your own wallet — and on any wallet you want to follow.

Head-to-head: DefiLlama portfolio vs Hyperfolio

Feature	DefiLlama Portfolio	Hyperfolio
Price	Free	Free
Registration	No (paste address)	No (email optional)
Hyperliquid perp PnL (realized / unrealized)	No — balances only	Yes, full breakdown
Fees and funding breakdown	No	Yes
Equity curve with full history	No	Yes
Smart Money Radar (top traders)	No	Yes — $10K/$25K/$50K+ filters
Push alerts (work with app closed)	No	Yes
Multi-venue perps (HL + AsterDEX + Lighter + Robinhood Chain)	No	Yes, unified equity
Top 100 PnL 30d leaderboard	No	Yes
Protocol-level analytics (TVL, fees, volume)	Yes — best in class	No
Public API / open data for researchers	Yes	Read-only app
Perp Calculator, Markets, Predictions Hub	No	Yes

The verdict in one line: DefiLlama is a data library about Hyperliquid. Hyperfolio is your personal PnL dashboard on Hyperliquid. Most serious traders end up using both — but only one of them shows your money.

The gap that matters: perp PnL after fees and funding

On Hyperliquid, the price PnL you see in your head is not the PnL in your account. Every fill pays a fee (base rates around 0.035% taker / 0.015% maker, with discounts for 30-day volume and HLP stakers), and every open position pays or collects hourly funding (capped at 4% per hour by protocol rules, typically a few basis points per hour in normal markets).

Concrete example: you close a 5 ETH long with $6,000 of gross profit after holding it 36 hours. Taker fees on entry and exit cost roughly $180 on a $60,000 notional, and 36 hours of funding at 0.008%/h on that same notional costs another ~$170. Your net PnL is around $5,650, not $6,000 — and DefiLlama will never show you that math. Hyperfolio computes it automatically for every wallet, with the realized and unrealized split you need to know where you actually stand.

Realized vs unrealized, and the multi-venue problem

Two more things DefiLlama cannot do for you. First, the realized/unrealized split: knowing how much profit is already banked versus still at risk changes how you size your next trade — Hyperfolio shows both at a glance, plus your equity curve across the full range. Second, the multi-venue problem: if you also trade on AsterDEX, Lighter or hold stock tokens on Robinhood Chain, your real exposure is fragmented. Hyperfolio aggregates all four venues into a single equity and PnL view, so your "total portfolio" is actually total.

Smart money and alerts: where DefiLlama goes silent

DefiLlama can show you that Hyperliquid has billions in open interest. It cannot show you who is behind the move, and it cannot ping you when it happens. Hyperfolio's Smart Money Radar surfaces top-trader entries in real time with size filters, and its push alerts notify you of fills, entries and exits for any wallet you follow — even with the app closed, and without Telegram. For traders who follow whales or copy top performers, that difference is the difference between reacting and being late.

Where DefiLlama still wins

Honesty keeps this comparison useful, so here it is: DefiLlama remains the best free resource for protocol-level research. If you need TVL trends, revenue and fee dashboards, yield comparisons, stablecoin flows, hack histories or a public API for your own analysis, DefiLlama is the tool — nothing in this article changes that. It is open-source, community-maintained and genuinely ad-free, which is rare and valuable.

The point is not that DefiLlama is bad. The point is that DefiLlama answers questions about the market, not about your wallet. If your goal is knowing your own PnL — net of fees and funding, per venue, across time — you need a tracker built for that, and that is precisely the gap Hyperfolio fills.

Which one should you use?

• Use DefiLlama for macro research: protocol health, yields, TVL, revenue comparisons and market-wide data.
• Use Hyperfolio for everything personal: your perp PnL, fees and funding, equity curve, smart money radar, push alerts and multi-venue portfolio.
• Use them together: DefiLlama to understand the game, Hyperfolio to know your score. Both are free; only one reads your wallet.

FAQ

Does DefiLlama track Hyperliquid?

Yes, at the protocol level: TVL, fees, revenue, perp volume and open interest are tracked on DefiLlama's Hyperliquid pages. Its portfolio tracker, however, only shows wallet balances — it does not compute Hyperliquid perp PnL.

Is DefiLlama portfolio free?

Yes, the portfolio tracker and all DefiLlama dashboards are free, with no account required to look up an address. Hyperfolio is also free and requires no registration to look up any wallet.

Can DefiLlama show my Hyperliquid perp PnL?

No. DefiLlama shows token balances and values, but not realized or unrealized PnL, and it does not break down the fees and funding that determine your real net result. For that you need a perp-native tracker like Hyperfolio.

What is the best DefiLlama alternative for tracking Hyperliquid PnL?

Hyperfolio is the free, read-only alternative: paste any Hyperliquid address and get realized and unrealized PnL, fees and funding, equity curve, Smart Money Radar, push alerts and multi-venue aggregation (Hyperliquid, AsterDEX, Lighter, Robinhood Chain) — no signup, no private keys.

Does Hyperfolio cost anything?

No. Hyperfolio is free, installable as a PWA, and you can track your own wallet or any public address without registering. An email login is optional and only used to save tracked wallets.

Stop guessing your PnL — see it

You already know the market data side. What you are missing is the personal side: your real PnL after fees and funding, your equity curve, and the moves of smart money while they are still moves. Open app.hyperfolio.fun, paste any Hyperliquid address and see your full PnL breakdown — free, read-only and without registration. If you want the full picture on wallet tracking first, our guide to tracking wallets on Hyperliquid and the comparison with other analytics platforms like Dune cover the rest of the map.