Hyena is a decentralized perpetual trading platform.

Nado is the orderbook DEX where raw power collides with surgical precision to unleash breathtaking performance for traders. Trade spot and perpetuals via unified margin, where kinetic collateral dynamically flows across positions — netting risks in real-time for superior capital efficiency.

Aster is a next-generation decentralized perpetual exchange built for everyone, committed to delivering a seamless, powerful, and truly decentralized on-chain derivatives trading experience. From one-click trading to smart automation and deep on-chain liquidity, Aster is rethinking how DeFi should work — simple, efficient, and built for users.

Rails, a self-custodial crypto exchange that leverages a centralized order book to drive optimal trade execution, combined with a self-hosted decentralized solution on the blockchain to provide transparent custody of funds, thereby protecting user funds and gaining user trust.

StandX is a perpetual DEX that enables users to trade with yield-earning margins. DUSD is StandX's first product - a yield-bearing stablecoin.

Tradoor is an NDMM exchange using smart math and safety measures to allow people to trade with confidence and protecting traders, LPs, and the protocol from unexpected market changes.

Lighter is a perpetual trading protocol that introduces a scalable, secure, transparent, non-custodial, and verifiable order book trading infrastructure within the Ethereum ecosystem. As an application-specific zk-rollup, it employs advanced cryptographic techniques and data structures. Lighter significantly improves the security and fairness of order book trading with its verifiable matching engine, ensuring scalable and efficient market price discovery. Thus, Lighter lays the groundwork for creating new, high-performance, and secure digital trading platforms.

Jupiter is a Solana-based DEX aggregator that aggregates liquidity for traders looking for the best possible prices with minimal slippage. Though Jupiter was initially conceived as a swap engine, the protocol has evolved significantly to include a number of different products for different kinds of users such as: Dollar-Cost Averaging (DCA), limit orders, perpetual trading, and, most recently, a launchpad.

LeverUp is a perpetual contract exchange that does not require a liquidity provider (LP), offering unlimited open positions, 100% of trading fees returned to traders, and leverage up to 1001x.

MemeMax is a decentralized perpetual trading platform in partnership with MemeCore.

Avantis is an oracle-based synthetic derivatives protocol where users can trade crypto and real world assets with up to 100x leverage, and earn yield as a market-maker by providing USDC liquidity.

edgeX is a high-performance, orderbook-based Perp Dex with native trading experience.

Honeypot Finance is whipping up a community-run DeFi Hub that have a honey-flavored flywheel model that churns out dual incentives.

MSX is a compliant decentralized RWA platform that supports US stock token trading, derivatives trading, and multi-chain cross-chain circulation.

MYX Finance is the Chain-Abstracted Perpetual DEX built for the democratizing alpha on-chain. MYX Finance lets anyone trade perpetual contracts on any token—from blue-chip assets to the newest meme coin—with deep liquidity, 1 bp fees, and a seamless UX—all without surrendering keys or jumping chains.

Hyperbot is an AI-powered omnichain DEX perpetual contract portal: data analysis, whale tracking, smart copy trading, and strategy trading. Hyperliquid and Aster are currently integrated, and more DEXs will continue to be connected in the future.

Ethereal is a decentralized spot and perpetual DEX based on Ethena. Ethereal aims to fully utilize the power of USDe within a high performance onchain finance environment to provide users with a one-stop-shop for all their core DeFi needs in a single vertically integrated application.

Nunchi is an yield derivatives trading platform that turns income itself into a tradable asset. With Nunchi, users can go long or short yield (e.g., staked yield on stETH or interest rates on a bond index) as easily as they can trade any token. Moreover, users can operate with leverage anytime, anywhere.

Drift Protocol is a Solana on-chain asset trading center, offer Perps, Prediction Market and so on services.

Flying Tulip is an intelligent trading protocol that adapts to market conditions, giving users better execution, higher returns, and integrated DeFi in one platform. Users can access spot, leverage, and perpetual trading from a single liquidity pool without moving funds across different protocols.

Variational is a crypto derivatives trading protocol based on Arbitrum. Its applications include Omni, a perpetual futures trading platform that allows traders to take leveraged long or short positions on any time series, with a special focus on newly launched tokens, baskets, yield/volatility perpetual contracts, and other new products. OLP is Omni's liquidity provider, which brings together liquidity from centralized and decentralized exchanges and over-the-counter trading platforms. The second application of Variational is Pro, a platform for institutional traders.

Flash Trade is a perpetuals protocol offering direct wallet trading, up to 100x leverage, zero price impact trading, and unique yield-generating NFTs.

VOOI is a perpetual DEX aggregator supporting both EVM and non-EVM networks, offering flexibility to integrate additional networks and perpetual DEXs as needed. By focusing on chain and account abstraction, VOOI simplifies leveraged trading across supported DEXs, making user interactions seamless across any supported network.

trade.xyz is a perpetual platform that can be used to trade any commodity, including stocks.

RateX Protocol is a decentralized exchange (DEX) built on Solana. RateX offers leveraged yield trading, similar to perpetual futures contracts, allowing users to gain exposure to underlying assets with a much larger position size compared to their deposited margin. To fully unlock the potential of yield trading, RateX offers three tightly integrated features: Leveraged Yield Trading, Earn, and Synthetic Assets.

ApeX is a multi-chain decentralized trading protocol based on zero-knowledge proof. It provides contracts and spot transactions under the self-custody of user assets. Its product lines include crypto-perpetual contracts, leveraged event prediction contracts, vault treasury, usdt one-click trading of multi-chain assets and US stock spot.

dYdX is a decentralized exchange that provides users with key financial instruments, such as perpetuals, margin trading, spot trading, lending, and borrowing. It equips traders with off-chain order books and on-chain settlement, allowing them to short-sell tokens, increase exposure by leveraging long positions, and earn interest on deposited tokens for faster transactions.

Maxbid Pro is a decentralized leverage trading platform for memecoins, allows user size up long positions.

Aevo is a high-performance decentralized derivatives exchange platform, focused on options and perpetual contracts. The exchange runs on a custom EVM roll-up that rolls up to Ethereum. Aevo operates an off-chain orderbook with on-chain settlements. This means that once orders are matched, trades get executed and settled with smart contracts.

Reya Network  is a trading-optimized modular L2. Capital staked into Reya Network is used productively to support trading via a novel passive liquidity pool mechanism. This design creates instant shared liquidity for all exchanges operating within the Reya ecosystem. Margin engine logic is embedded into Reya Network itself, meaning users have a single margin account that can be used across multiple exchanges. Moreover, transactions are executed on a ‘first-in-first-out’ (FIFO) basis with zero gas fees, removing front-running and harmful MEV. The predecessor of this project, Voltz Protocol, was an automated market maker for interest rate trading.