Directory of All Perp Decentralized Exchanges

Hyperliquid DEX is built on a high-performance Layer 1 blockchain, designed to deliver high throughput and handle large volumes of transactions seamlessly.

Aster — BNB Chain, Decentralized perps & spot; multi-chain deposit and withdrawal, non-custodial with hidden-orders and yield rewards.

Lighter — Zero-knowledge rollup on Ethereum L2 (Appchain), verifiable trading with low latency.

EdgeX — StarkEx Ethereum L2, High-performance perpetual DEX with CEX-level speed and deep liquidity.

Ostium — Decentralized perps on Arbitrum; 200× leverage; RWAs like oil, gold, S&P 500; $3.5M funding.

Extended — Starknet Ethereum L2, scalable perps from Revolut app team.

Pacifica — Solana-based perp DEX in closed beta / invite-only; supports perpetual futures for major assets (BTC, ETH, SOL, and more to come).

Vest — RWA markets, strong tech stack, $5m funding.

Jupiter — Solana aggregator, deep liquidity.

DYDX — Decentralized, perpetual-only trading; ultra-fast via dYdX Chain; zero gas trades; advanced tools & high liquidity.

Derive — Optimistic Rollup L2 on Ethereum (Optimism stack), offering options, perpetuals, and structured products; features a high-performance Rust-powered orderbook with off-chain matching (up to 20M TPS); supports cross-asset collateral and optimized portfolio margining; governed by the Derive DAO.

GMX — Arbitrum & Avalanche,Decentralized perps & spot; GLP pool liquidity; low fees; up to ~50× leverage.

Orderly — is an omnichain CLOB infrastructure that lets builders on any blockchain integrate fast, transparent, and composable trading with CEX-level performance.

Paradex — StarkEx Ethereum L2, low fees.

Reya Network — Optimistic rollup L2 Ethereum rollup (based on Arbitrum Orbit) specifically for perps, up to 100× leverage, backed by Framework, Coinbase Ventures, and Wintermute.

Aevo — Ethereum L2 (custom OP-stack), offering options, perps & strategies; off-chain matching + on-chain settlement; >5,000 tps, backed by Paradigm & top VCs.

Avantis — Base L2 Ethereum, both crypto and RWAs such as forex and commodities, innovative perp design.

Helix — Decentralized exchange on Injective; spot & perpetual futures; non-custodial, fast, low fees.

Hibachi — High-speed decentralized exchange; 6ms latency; zk-proven trades; Celestia-based privacy.

SynFutures — multi-chain perp DEX enabling anyone to list and trade any asset with permissionless market creation; backed by Pantera, Polychain, and Dragonfly.

Defx — Points ending Dec 2025, supports stETH, sUSDe, wBTC, $2.5m funding.

Satori Finance — EVM/zkEVMperp contracts with up to 25× leverage; multiple chains including Ethereum, Arbitrum, BNB Chain, zkSync Era, and more; offers advanced SDKs for professional traders; backed by Polychain Capital, Jump Crypto, and Coinbase Ventures.

Moonlander — Cronos & Cronos zkEVM-based perp DEX with on-chain perpetuals and staking pools; leverages zk-Layer 2 tech for faster, low-fee trading and enhanced scalability.

THENA — the native liquidity hub and automated market maker (AMM) built on the BNB Chain.

BMX — a perp DEX on Base by Morphex, built to maximize capital efficiency for liquidity providers and enable smooth leveraged trading.

MYX Finance — Arbitrum, BNB Chain, and more, zero-slippage trading powered by proprietary Matching Pool Mechanism (MPM); 50× leverage and cross-chain trading across 20+ networks; gasless transactions via relayer network; backed by Sequoia China and ConsenSys.

Mars Protocol — a perp and credit protocol on Neutron within the Cosmos ecosystem; features NFT-based Rover accounts for borrowing, margin trading, and leveraged yield farming with unified liquidation; backed by Delphi Labs.

ApeX Protocol — Ethereum, DAO-governed perps, the heavy lifting is off-chain, but proofs are anchored on-chain, backed by Bybit.

Drift — Solana, dynamic liquidity pools.

Contango — enables on-chain looping for any asset, allowing you to build leveraged (re)staking positions, exploit rate differentials, farm points, or take long and short positions with minimal funding costs.

FWX —  a perp DEX on zkSync Era offering capital-efficient smart liquidity vaults and permissionless markets for traders and liquidity providers.

Gate Perps – Gate Layer Ethereum L2, up to 100x leverage, Multi-Chain Access, backed by Gate.io.

Raydium Perps — Gasless, Solana-based, 50× leverage; built on Orderly Network's omnichain orderbook; over 70 trading pairs; zero maker fees and 0.025% taker fees during beta; supports USDC collateral.

Arkham Exchange — Spot & perpetuals trading; transparent proof-of-reserves; built by the Arkham Intel team, has KYC.

WOOFi — a cross-chain perp DEX powered by Orderly Network, offering deep aggregated liquidity, up to 50× leverage, and institutional-grade execution across multiple EVM-compatible blockchains.

Strike Finance —  a perp and derivatives DEX on Cardano supporting options, forwards, and perpetual contract trading through open-source infrastructure.

Somnex is a one-stop trading platform on the Somnia Network. It offers AMM swaps, perpetuals up to 50× leverage, AI agent launch, and meme token launchpad, with $SOMNEX token used for governance, fees, and farming rewards.

Fulcrom — a perp DEX on Cronos and Cronos zkEVM offering low-fee, zero–price-impact leveraged trading with full on-chain transparency and security.

Gains – Crypto & RWAs.

MUX Protocol — a multi-chain native perp DEX combining the MUX Leveraged Trading Protocol and MUX Aggregator. It offers up to 100× leverage, zero price impact trading, self-custody, and aggregated liquidity across multiple EVM chains.

Tradoor — a perp DEX on the The Open Network (TON) blockchain, offering up to 100× leverage, featuring zero-slippage “Price Lock” pricing, AI-enhanced “Liquidity Shield” risk control, and backed by investors including TON Ventures and Kenetic Capital; native token: $TRADOOR.

Aden — BNB Chain,AMM-focused perpetual DEX, fast execution, low slippage.

Merkle – Gamified trading and easy onboarding.

Bluefin — Sui-powered high-performance DeFi ecosystem; trustless derivatives & spot trading; sub-390 ms end-to-end latency, peak ~297,000 TPS.

Pika Protocol — perp DEX on Optimism offering up to 50× leverage, backed by Optimism Ecosystem Fund. Features synthetic liquidity pools, low fees, open GitHub code, and revenue sharing with $PIKA holders.

QuickSwap is a next-gen DEX and perpetual trading platform on Polygon zkEVM, offering up to 50× leverage on QuickPerps. Backed by the Polygon ecosystem, it features dynamic fee pools, multi-version swaps (V3–V4, Hydra), deep liquidity, and $QUICK token rewards for governance and fee sharing.

Pear Protocol — a multi-chain perp DEX (primarily on Arbitrum) that enables pair-trading between any two assets with up to 100× leverage. It introduces narrative-driven markets, deep liquidity through advanced aggregation, and one-click long/short execution. The protocol features a native token $PEAR and is backed by a $4.1 M strategic round led by Castle Island Ventures.

FlashTrade — a perp DEX on Solana offering asset-backed trading with instant liquidity and zero price impact.

Dexalot — Leading Omni-Chain CLOB DEX

Storm Trade is the first decentralized perpetual exchange on the TON blockchain, offering crypto, stock, forex, and commodities trading with up to 50× leverage directly via Web App or Telegram. It uses jUSDT as margin collateral, distributing fee revenue between the treasury and STORM token holders.

dHEDGE is a decentralized asset management and vault protocol backed by Synthetix, supporting vaults on Ethereum, Polygon, and Optimism. It tokenizes trading strategies via dHEDGE Vaults, Toros, and mStable V2, with upcoming perp aggregation using Synthetix V3 and GMX for leveraged exposure.

HoldStation – Based on BNB Chain, uses AI Matching Pool.

Saros Perps — Solana-based; supports over 100 token pairs with up to 50× leverage; built on Orderly Network's infrastructure for fast execution; part of the Saros ecosystem.

Kilo – BNB Chain (BSC), dual-pool, and gasless.

FlowX Finance — a perp DEX on Sui offering leveraged trading, swaps, and liquidity services within the Sui ecosystem.

Aark Digital — is a Peer-to-Pool perpetual DEX operating on the Arbitrum network.

Levana Perps — a multi-chain perp DEX on Osmosis, Sei, and Injective offering up to 30× leverage. Backed by Delphi Labs, Arrington XRP, and Dragonfly, it features isolated liquidity pools, pre-funded markets to prevent bad debt, and supports a wide range of assets.

Superp – BNB Chain Perpetual-DEX specialized in meme and on-chain assets. Offers up to 10,000× leverage and a “no liquidation” design. Backed by Binance Labs.

Treble is a modular V4 DEX and DeFi hub on Base. It offers cross-chain swaps, fiat and CEX onramps, DeFAI integrations, passive income via farming and staking, and will support perpetuals with up to 20× leverage using $TREB token for governance and rewards.

Adrena — Solana-based spot & perpetual DEX (peer-to-pool); up to 100× leverage, zero spread/slippage, no liquidation fees.

Spooky Swap — a perp DEX on the Sonic powered by SYMMIO, offering up to 60× leverage through an intent-based model and an AMFQ engine that blends order-book precision with AMM liquidity. It uses cross-margin accounts for efficient capital use and is backed by the broader SpookySwap ecosystem, which features the $BOO governance token.

Velar – Bitcoin-native perpetual DEX on Stacks.

Desk — a perp DEX on Arbitrum providing advanced trading infrastructure that empowers both human traders and AI agents with powerful tools and seamless automation.

Typus Finance — a perp and options DEX on Sui providing real-yield infrastructure with leveraged derivatives, yield strategies, and structured products for traders and liquidity providers.

BSX — is a self-custodial derivatives DEX on Base Layer 2 that combines off-chain execution with on-chain settlement, delivering CEX-level speed and liquidity with DeFi security.

Kinetix — a perp DEX and DeFi hub on Kava offering high-leverage trading, synthetic assets, and LP infrastructure designed to power the Kava ecosystem.

A decentralized perpetuals exchange built on BNB Chain, targeting high-risk “degen” traders with leveraged trading on altcoins and memecoins, offering non-KYC access and on-chain liquidity.

Flex Perpetuals — Base-based perp DEX offering cross-margin trading and multi-asset collateral support for flexible, efficient leverage trading.

Foxify — a perp DEX on the Sonic Network, offering over 50 markets with up to 20× leverage, built atop the Vertex Edge liquidity layer for orderbook-style trading, and featuring idle-fund APYs when funds are deposited.

GRVT — ZKsync Validium L2 Ethereum, Hybrid regulated perp DEX combining off-chain matching with on-chain settlements; self-custodial custody, Validium tech, fast speeds.

Rails — Kraken's Ink L2,combining centralized order matching with on-chain custody; sub-millisecond execution; cryptographically verifiable transactions via Merkle trees; backed by Kraken, Slow Ventures, CMCC Global, and Quantstamp.

01 — Solana-based decentralized derivatives; CEX speed meets DEX trustless design.

Bullet — Ultra-low latency perps & spot; Solana-based; CEX speed with on-chain transparency.

ByReal — Solana-native DEX & launchpad; token launches; community-driven; interface-first design.

Ethereal — Ethereal L1, AMM-based DEX; low slippage; gas-efficient trades; focus on UX & liquidity.

GTE — CEX-level speed (100k orders/sec, ~1ms latency); non-custodial & permissionless; includes AMM, CLOB, swaps.

Perennial — $12.6m funding, underused but potential for trades.

Variational — Private beta, zero fees, many pairs, strong funding.

VOOI — Backed by Aster group, aggregates different perps.

Perpl – Trade Perps on Monad.

Wasabi — CultureFi DEX with swaps, leverage trading & staking; meme coins & NFTs focused; up to 10× leverage.

Ranger — Solana perps aggregator, strong multi-farm option.

Polynomial — Ethereum L2 rollup (Superchain); cross-margin with 50× leverage, multi-collateral support, gas-free trades via smart wallets; 50% of protocol fees go to stakers.

Valhalla Exchange — Fully on-chain DEX built on MegaETH; supports perpetuals, spot trading, and DeFi composability; features multi-collateral vaults, permissionless token listings, and CEX-level latency.

Dexari – lightning-fast execution, and pro-grade tools built for mobile.

SunPerp – TRON's first perpetual futures DEX.

BULK – Solana based, colocation-grade speed, censorship resistance.

TradeXYZ – Hyperliquid-Based, RWA trading & a potential (big) airdrop.

Electra Trade — built on Lumia Layer-2; up to 100× leverage with ultra-low fees starting at 0.04%; features aggregated liquidity from top CEXs, sub-second execution, and zero-KYC onboarding; has Telegram Mini-App.

Bean – Monad L1 hybrid orderbook & oracle perp DEX, up to 50x leverage,

Drake – Monad L1, CLOB integrated with a virtual Automated Market Maker (vAMM), up to 50× leverage, provides yield-generating options through its "Earn" vaults.

Surf – Surf Chain, up to 1000x leverage,

Percolator — Solana native perp DEX, which is being built by Solana co-founder Anatoly Yakovenko. The exchange uses a sharded model, with multiple independent “slabs” that each operate as self-contained perpetual engine

Kuru DEX — A fully on-chain CLOB exchange running on Monad, designed to deliver low-latency, high-efficiency trading

Axiom — redefines crypto trading with a fast, data-driven hybrid platform built for precision, performance, and seamless user experience.

Ambient (formerly CrocSwap) — is an efficient Ethereum-based DEX that unifies concentrated and ambient constant-product liquidity within a single smart contract architecture, enabling seamless trading across any asset pair.

Citrex — is a Sei-based DEX offering low-fee, fast, CEX-like perpetual and spot trading for assets like SEI, BTC, ETH, XRP, and DOGE.

Based — trade, use, and manage crypto effortlessly. Powered by Hyperliquid.

Rho — is a crypto-native interest rate market that unifies trading of staking, lending, and perpetual funding rates, while enabling users to earn passive yield through its vaults.

Boros — built on the Arbitrum network. It is a margin-based yield trading platform by Pendle. 

Ostrich — global on-chain exchange built on the Arbitrum network, letting you trade US, China, Japan, Germany, and UK stocks directly from your wallet with up to 50x leverage.

PancakeSwap — a multi-chain DEX offering spot and perpetual trading, live on BNB Chain, Arbitrum, Base, and opBNB.

LN Exchange — the first orderbook-based DEX on the Lightning Network, offering fully decentralized, peer-to-peer spot and perpetual trading for Bitcoin and Taproot Assets.

A privacy-focused derivatives platform providing leveraged trading and AI-powered trading agents on the Base and COTI networks.

ELFi Protocol — Arbitrum & Base-based perp DEX featuring the ELP liquidity model, portfolio margining, and pooled trading for zero-slippage execution and optimized risk management.

Filament Finance — a perp DEX on Sei combining order book and compartment-based liquidity models for capital-efficient derivatives trading in low-liquidity markets.

Thetis Market — a perp DEX on Aptos combining a DEX aggregator, perpetual trading with up to 50× leverage, and liquidity bootstrapping pools for new token launches.

RFX Exchange — a perp DEX on zkSync Era offering capital-efficient smart liquidity vaults and permissionless markets for traders and liquidity providers.

Capybara Exchange — a perp DEX and launchpad on Kaia Chain featuring high-yield farming, ultra-fast swaps, and innovative perpetual futures trading.

Trado Finance — a perp and spot DEX on Flow blockchain combining order book and pool-based liquidity models for efficient and flexible trading.

LogX — a perp DEX on Arbitrum offering 50+ exotic markets, leveraged prediction and meme coin trading; aggregates liquidity from Binance, Coinbase, and OKX for deep, CEX-grade execution.

Mass — a perp DEX on Hyperliquid, designed as a mobile-first DeFi aggregator combining spot, perp, and RWA trading across multiple chains through account abstraction.

Liquid — a perp DEX on Hyperliquid offering leveraged trading up to 40× on Bitcoin, Ethereum, and trending tokens.

ZO — a perp DEX on Sui offering AI-powered automation and intelligent trading features for enhanced perp market efficiency.

SuperX — a perp DEX on Hyperliquid with both Telegram bot and web dashboard interfaces, enabling users to discover, track, and copy top-performing traders.

What Exchange — a perp DEX powered by Orderly, supports multiple chains, offering a smooth cross-chain trading experience.

Rabby — developed by DeBank, is a multi-chain wallet for Ethereum and all EVM networks that also integrates a perp DEX powered by Hyperliquid.

Kuma — a Proof-of-Liquidity perp DEX built on XCHAIN, offering fast, gas-free trading with deep liquidity and efficient on-chain settlement.

Vibe Trading — a perp DEX powered by Symmio, operating on Base and Arbitrum

LineHub — a perp DEX aggregator built on Linea, connecting multi-chain liquidity and perpetual markets through a single unified trading interface.

AnyHedge — a perp and derivatives DEX on Bitcoin Cash enabling permissionless, non-custodial leveraged and hedging contracts through on-chain UTXO smart contracts.

Cyberperp — a perp and spot DEX on IOTA EVM offering up to 50× leverage through a multi-asset liquidity pool and low-impact swap infrastructure.

Carbon — a perp DEX on Base bridging crypto and traditional finance liquidity, featuring hundreds of on-chain perp pairs and transparent solver-based execution.

Elys — a perp DEX on the Elys blockchain, offering an all-in-one investing platform that connects every market through the upgraded Elys v2 infrastructure.

Demex is a fully decentralized perp DEX built on the Carbon (Cosmos) chain, supporting spot and derivative markets with up to 50× leverage. It enables cross-chain trading via IBC, deep on-chain liquidity pools, and governance through the $SWTH token.

Wallet V is an all-in-one multichain wallet and perp platform, supporting Hyperliquid perpetuals up to 40× leverage. Backed by early DeFi investors, it enables cross-chain swaps, tokenized xStocksFi, PumpDotFun access, and smart money tracking, with revenue and governance via the platform.

Surge Trade is an on-ledger perpetual exchange on Radix, backed by the SRG team. It offers cross-margin trading with oracle-based pricing and up to 50× leverage, enabling efficient on-chain liquidity and revenue sharing with SRG token holders.

K‑BIT is the first perpetual DEX on Kaia, offering up to 50× leverage. It features USDT vaults with KLP token rewards, oracle‑based trading, referral revenue, and aims to be a global leader in on-chain perpetual markets.

WaveX — a perp DEX built on the Soneium network, offering zero price-impact trades, oracle pricing via Pyth, and deep pooled liquidity through its WLP vault; launched as the Perp DEX Winner of Soneium’s Spark Incubation Program; features XP-based rewards for liquidity providers.

SalsaDex — a perp DEX built on Orderly Network offering up to 100× leverage, cross-chain liquidity, and unique Real-World Asset markets like SPX500 and NAS100.

Bullbit — a perp DEX on BNB Chain offering up to 50× leverage, AI-powered trading, permissionless token launches, and liquidity automation.

Dextrabot lets users discover and track profitable Hyperliquid wallets matching their strategy, then instantly mirror their perp positions with builder-code-based revenue sharing. It enables automated copy trading with transparent performance tracking and custom risk management.

Tea-REX is a margin and liquidity management protocol built on Sei Network, enabling leveraged DEX pool trading with transparent fees and up to 25× leverage. It combines perpetual trading and staking rewards, offering a community-driven and gamified trading experience.

Perpmate is a mobile-first perp DEX built on Hyperliquid, letting traders long or short crypto with deep liquidity, fast execution, and self-custody. Trade anywhere, earn rewards, and access a true on-chain orderbook experience.