| # | Name | Ecosystem | Started | Status | Website |
|---|---|---|---|---|---|
| 1 |
Derive Open Interest: $54.78M Mcap: $101.10M |
|
2023 | Live | Visit |
| 2 |
Orderly Open Interest: $31.82M Mcap: $15.77M |
+ 5 more...
|
2022 | Live | Visit |
| 3 |
Pika Protocol Mcap: $5.54M |
|
2021 | Live | Visit |
| 4 |
dHEDGE Mcap: $1.73M |
+ 1 more...
|
2020 | In Development | Visit |
| 5 |
Dexari |
+ 4 more...
|
2025 | Live | Visit |
| 6 |
What Exchange |
+ 5 more...
|
2024 | Live | Visit |
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.
Orderly — is an omnichain CLOB infrastructure that lets builders on any blockchain integrate fast, transparent, and composable trading with CEX-level performance.
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.
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.
Dexari – lightning-fast execution, and pro-grade tools built for mobile.
What Exchange — a perp DEX powered by Orderly, supports multiple chains, offering a smooth cross-chain trading experience.
