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.

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.

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.

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