trade.xyz is a perpetual platform that can be used to trade any commodity, including stocks.
trade.xyz
|
DeFi、Derivatives、Perp
| | Perpetual platform |
667
|
411
|
Hyperliquid is a performant L1 optimized from the ground up. The vision is a fully onchain open financial system with user built applications interfacing with performant native components, all without compromising end user experience. The Hyperliquid L1 is performant enough to operate an entire ecosystem of permissionless financial applications – every order, cancel, trade, and liquidation happens transparently on-chain with block latency <1 second. The flagship native application is a fully onchain order book perpetuals exchange, the Hyperliquid DEX.
Hyperliquid
|
DeFi、Infra、Layer1、Derivatives
| -- | Performant L1 |
1,552
|
177
|
edgeX is a high-performance, orderbook-based Perp Dex with native trading experience.
edgeX
|
DeFi、Derivatives、Perp
| -- | Orderbook-based Perp Dex |
696
|
136
|
Bulk Trade is a decentralized exchange focused on building a high-performance on-chain perpetual contract trading platform, aiming to bridge the gap between centralized exchanges (CEX) and decentralized finance (DeFi) in high-frequency order book trading performance.
BULK
|
DeFi、DEX、Derivatives
| | On-chain CLOB |
530
|
130
|
Derivio is a structured derivatives ecosystem offering synthetic derivatives that granularize risk-adjusted rewards for traders with smart leverage, while providing cryptocurrency operators with sufficiently deep liquidity pools to enable effective hedging.
Derivio
|
DeFi、Derivatives
| | Decentralized structured derivatives ecosystem |
359
|
130
|
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.
Nado
|
DeFi、DEX、Derivatives、Perp
| | Orderbook DEX on INK |
476
|
119
|
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.
Lighter
|
DeFi、Derivatives、Perp
| | Perpetual trading protocol |
1,202
|
118
|
Kuma.bid is a Proof-of-Liquidity perpetual contract DEX based on the Arbitrum Orbit application chain. It uses Pyth oracles and Conduit infrastructure to provide a non-custodial high-performance derivatives trading platform (formerly known as IDEX) with zero gas fees, millisecond-level execution, one-click login and CEX-like experience.
Kuma
|
DeFi、DEX、Derivatives
| | Non-custodial high-performance derivatives trading platform |
498
|
111
|
PerpTools is a decentralized perpetual contract exchange, built by the DEXTools team. PerpTools aims to enable ordinary customers to "trade smart" with AI while maintaining on-chain transparency + CEX speed.
PERPTools
|
DeFi、DEX、Derivatives、Perp
| -- | Decentralized Perpetual Contract Exchange |
197
|
105
|
ETHGas is a marketplace to source and trade blockspace commitments, alongside the Base Fee itself. It operates as a hybrid exchange - a centralized venue, where the central limit orderbook (CLOB) matches buyers with sellers, alongside a non-custodial smart contract where the collateral is held to backstop validator commitments.
ETHGAS
|
DeFi、Derivatives
| | Infrastructure layer for programmable gas |
715
|
103
|
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.
RateX
|
DeFi、Derivatives、Perp
| | Leveraged Synthetic Yield exchange |
436
|
103
|
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.
Tradoor
|
DeFi、Derivatives、Perp
| | NDMM exchange |
276
|
101
|
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.
MYX Finance
|
DeFi、Derivatives、Perp
| | Decentralized derivative exchange |
297
|
98
|
Pendle is a yield trading protocol that allows users to tokenize and trade future yields by leveraging top yield-generating protocols such as Aave, Compound, and Wonderland. Similar to stripped bonds in traditional finance, Pendle splits yield-bearing assets into tokenized ownership (zero-coupon bonds) and yield components (coupons), enabling innovative yield trading opportunities.
Pendle
|
DeFi、Derivatives、Yield Tokenization、LSD
| | Yield trading protocol |
965
|
96
|
Felix is a synthetic dollar protocol on Hyperliquid L1 that allows users to deposit collateral and borrow feUSD to earn income using Felix vaults.
Felix
|
DeFi、Derivatives、Synthetic Assets
| | Synthetic dollar protocol on Hyperliquid |
|
94
|
GRVT(Gravity) is an institutional-grade, trustless trading infrastructure for crypto. Built by technology and financial markets professionals, Gravity helps create a platform where institutional traders can enjoy a fully private, regulated (KYC & AML) and self-custodial trading venue.
GRVT
|
DeFi、Derivatives
| | Institutional grade trading infrastructure for crypto |
643
|
93
|
Rain is a decentralized prediction and options protocol on Arbitrum. At the core is $RAIN - a token designed with a deflationary engine that burns 2.5% of every trade volume, reducing supply as usage grows.
Rain
|
DeFi、Derivatives、Options
| | Decentralized prediction and options protocol |
634
|
90
|
Paradex is a crypto-derivatives exchange launching on Starknet’s first Appchain. Paradex will offer perpetual futures trading with deep liquidity, capital efficiency and performance while remaining transparent and self-custodial. Paradex was incubated by the team at Paradigm, the largest institutional liquidity network in crypto.
Paradex
|
DeFi、Derivatives、Appchain
| | Cryptocurrency derivatives exchange |
332
|
88
|
Neutrl is a high-yield synthetic dollar, leveraging OTC arbitrage strategies across altcoin markets for scalable, market-neutral returns.
neutrl
|
DeFi、Derivatives、Synthetic Assets
| -- | Synthetic dollar protocol |
642
|
83
|
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.
Nunchi
|
DeFi、Derivatives、Yield Tokenization、Perp
| -- | Yield derivatives trading platform |
333
|
82
|
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.
Avantis
|
DeFi、Derivatives、Perp
| | Synthetic derivatives protocol |
587
|
81
|
StandX is a perpetual DEX that enables users to trade with yield-earning margins. DUSD is StandX's first product - a yield-bearing stablecoin.
StandX
|
DeFi、Derivatives、Perp、Stablecoin Protocol
| | Perpetual DEX |
640
|
80
|
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.
Jupiter
|
DeFi、DEX、Derivatives、DEX Aggregator、Perp、Launchpad
| | DEX Aggregator |
1,528
|
79
|
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.
ApeX
|
DeFi、Derivatives、Perp
| | Multi-chain decentralized transaction protocol |
289
|
78
|
Decibel is a fully on-chain trading engine that unifies spot, perps, margin, vaults, and composable DeFi ecosystem integrations that bring yield opportunities into one programmable platform—delivering CEX-class performance without surrendering custody or transparency.
Decibel
|
DeFi、DEX、Derivatives、Perp
| | Composable, onchain trading engine |
339
|
76
|
Rho Labs is constructing a non-custodial, institutional-grade interest rate derivatives market, fostering secure and transparent on-chain trading for both crypto-specific rates, like staking and funding rates, and traditional rates.
Rho Protocol
|
DeFi、Derivatives、Fixed Interest Rate Lending
| -- | Interest rate derivatives market |
216
|
75
|
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.
Variational
|
DeFi、Derivatives、Perp
| | Crypto derivatives trading protocol |
381
|
74
|
Pacifica is building the next generation decentralized perpetual trading platform.
Pacifica
|
DeFi、Derivatives、Perp
| | Decentralized perpetual trading platform |
628
|
73
|
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.
Vooi
|
DeFi、Derivatives、Perp
| | L2-focused stablecoin swap protocol |
313
|
71
|
Dolomite is a next-generation margin trading and lending protocol.
Dolomite
|
DeFi、Lending、Derivatives
| | Margin trading and lending protocol |
426
|
71
|