| Metric | HYPE | XLM |
|---|---|---|
| Institutional Score | 55/100 | 55/100 |
| Overall Rank | #11 | #12 |
| Archetype | ETF Play | Tokenization Rail |
| Named Institutions | 5 | 5 |
| Spot ETF Status | filed | filed |
| Data Confidence | medium | medium |
Hyperliquid (HYPE) holds a TokenSonar institutional adoption score of 55/100, ranking #11 of 27 tracked cryptocurrencies. Tracked institutional partners include Coinbase, Circle, Paradigm, Ripple Prime, Komainu.
Stellar (XLM) holds a TokenSonar institutional adoption score of 55/100, ranking #12. Tracked institutional partners include Franklin Templeton, PayPal (PYUSD), WisdomTree, Paxos, Bermuda Government.
Hyperliquid (55/100) and Stellar (55/100) are closely matched on institutional adoption. Hyperliquid is classified as a ETF Play play while Stellar is a Tokenization Rail play — so the better fit depends on which institutional thesis you're tracking rather than a clear adoption gap. Scores update twice daily based on regulatory filings, named bank deployments, ETF flows, and on-chain RWA data — not price action.