Data as of Aug 25, 2026 · Based on 996 AI responses · See how Parse measures this
DeFi Liquidity and Order Book Tokens
Parse
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Hyper Foundation has cemented its leadership in AI recommendations for on-chain order books, jumping from outside the top ten to the #1 spot since November 2025. This reflects a broader trend where AI models now distinctly categorize and recommend protocols for either high-performance decentralized trading or for bridging traditional financial assets into DeFi.
The market map
| # | Brand | What AI says | Mention rate |
|---|---|---|---|
| 1 | A top choice for derivatives trading with a CEX-like experience. | 30% | |
| 2 | Dominant for high-performance, on-chain order book perpetual trading. | 28% | |
| 3 | Leads recommendations for tokenized traditional assets like US Treasuries. | 20% | |
| 4 | Builds shared omnichain order book infrastructure for deep liquidity. | 19% | |
| 5 | Frequently recommended ecosystem for fast, low-slippage on-chain order books. | 17% | |
| 6 | 15% | ||
| 7 | Enables tokenization of real-world assets like invoices for DeFi liquidity. | 15% | |
| 8 | 14% | ||
| 9 | 13% | ||
| 10 | 13% | ||
| 11 | Cited as critical infrastructure for providing Proof of Reserve data. | 12% | |
| 12 | 11% | ||
| 13 | 10% | ||
| 14 | A frequently cited on-chain order book protocol on | 9% | |
| 15 | 9% | ||
| 16 | Praised as the go-to DEX aggregator for deep liquidity and complex routing. | 9% | |
| 17 | 8% | ||
| 18 | 8% | ||
| 19 | 7% | ||
| 20 | 5% | ||
| 21 | 5% | ||
| 22 | 5% | ||
| 23 | 5% | ||
| 24 | 5% | ||
| 25 | 5% |
Who wins on each AI
The same market, seen by two models.
Sources AI cited
medium.com is the page AI reaches for most here, cited in 42% of analyzed answers.
“A noteworthy protocol with evolving integrations in late 2025.” → “A primary recommendation for professional traders by early 2026.”
Rose from rank #10 in Nov 2025 to #1 in Mar 2026.
Dropped from rank #1 in Nov 2025 to #5 in Mar 2026.
Climbed from rank #8 in Nov 2025 to #4 in Mar 2026.
Fell from rank #5 in Nov 2025 to #14 in Mar 2026.
| Brand | ChatGPT Search | Google AI Mode | Comparison |
|---|---|---|---|
| 41% | 36% | ||
| 32% | 31% | ||
| 12% | 25% | ||
| 27% | 9% | ||
| 15% | 22% |
The two models disagree most about Maple Finance (ChatGPT #5, Google #19) and AAVE (ChatGPT #23, Google #15).
Hyper Foundation has cemented its leadership in AI recommendations for on-chain order books, jumping from outside the top ten to the #1 spot since November 2025. This reflects a broader trend where AI models now distinctly categorize and recommend protocols for either high-performance decentralized trading or for bridging traditional financial assets into DeFi.
Across 996 AI responses, dYdX is mentioned most, named in 30% of them, followed by Hyper Foundation (28%) and Ondo Finance (20%).
Parse measures each brand's mention rate — the share of answers naming it — across 996 AI responses to this market's buyer questions. Answers are collected daily and the ranking is published weekly.
Brands enter the ranking when AI answers mention them. Parse collects answers daily and publishes the re-measured set weekly, so new brands appear as AI starts recommending them.
Initially in November 2025, Orderly Network was the top recommendation. From December onward,
Hyper Foundation,
dYdX, and
Orderly Network consistently appear as the top contenders, with AI responses shifting to a comparative analysis of these high-performance order book protocols.
Initially in November 2025, Orderly Network was the top recommendation. From December onward,
Hyper Foundation,
dYdX, and consistently appear as the top contenders, with AI responses shifting to a comparative analysis of these high-performance order book protocols.
dYdX was the top recommendation early on, frequently mentioned alongside the ecosystem for its speed. Since December 2025, has emerged and grown to become a co-leader with , solidifying recommendations around high-performance, purpose-built chains for low-slippage trading.
Brands mentioned
Brands mentioned
I'm a trader looking for the best token for an on-chain order book DEX with minimal slippage.
dYdX was the top recommendation early on, frequently mentioned alongside the
Solana ecosystem for its speed. Since December 2025,
Hyper Foundation has emerged and grown to become a co-leader with
dYdX, solidifying recommendations around high-performance, purpose-built chains for low-slippage trading.