Ethereum Perpetuals Decentralized Exchanges

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

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.

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.

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

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.

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

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.

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

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

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.

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.

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