Hyena is a decentralized perpetual trading platform.
Hyena
|
DeFi、Derivatives、Perp
| -- | Decentralized perpetual trading platform |
375
|
245
|
Pye is Solana's Yield Swap Protocol.
Pye
|
DeFi、Derivatives
| | Solana's Yield Swap Protocol |
175
|
223
|
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 |
417
|
217
|
Hertzflow is a blockchain-based leveraged trading platform enabling users to trade various assets directly from wallets with decentralized finance services and asset control.
Hertzflow
|
DeFi、Derivatives
| -- | Blockchain leveraged trading platform |
100
|
187
|
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 |
141
|
176
|
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.
Rails
|
DeFi、Derivatives、Perp
| -- | Self-Custodial Crypto Exchange |
135
|
176
|
edgeX is a high-performance, orderbook-based Perp Dex with native trading experience.
edgeX
|
DeFi、Derivatives、Perp
| -- | Orderbook-based Perp Dex |
368
|
155
|
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 |
2K
|
155
|
Ostium is a synthetic asset protocol that enables institutional and retail traders and hedgers to gain exposure to commodities on-chain.
Ostium
|
DeFi、Derivatives、Synthetic Assets
| | Bring commodity markets on-chain |
849
|
143
|
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 |
1K
|
133
|
RAVE is a Layer-2 application chain built on Initia that permissionlessly enables tokens as collateral to trade perpetual markets using quanto contracts. RAVE brings quanto contracts on-chain for any token to collateralize and trade perpetual futures. RAVE Trade enables anyone to use any token as collateral to gain leveraged exposure to perpetual markets in a quanto derivative, or deposit tokens in a single-sided LP to provide liquidity and earn yield.
Rave
|
DeFi、Derivatives、Perp
| | Application chain for perpetual markets |
114
|
126
|
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 |
1K
|
126
|
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 |
475
|
118
|
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 |
363
|
116
|
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 |
334
|
107
|
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.
Aevo
|
DeFi、Derivatives、Options、Perp
| | A next-generation options exchange |
1K
|
107
|
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 |
460
|
104
|
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 |
1K
|
104
|
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 |
369
|
100
|
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.
dYdX
|
DeFi、Derivatives、Appchain、Perp
| | Decentralized Exchange |
2K
|
97
|
Drift Protocol is a Solana on-chain asset trading center, offer Perps, Prediction Market and so on services.
Drift
|
DeFi、Derivatives、Perp
| | Solana On-Chain Asset Trading Center |
1K
|
95
|
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 |
130
|
94
|
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 |
201
|
93
|
trade.xyz is a perpetual platform that can be used to trade any commodity, including stocks.
trade.xyz
|
DeFi、Derivatives、Perp
| | Perpetual platform |
662
|
91
|
HelloTrade is a Web3 trading platform built on MegaETH, offering 24/7 global access to stocks, commodities, and real-world assets with mobile-first trading and leveraged perpetual futures.
HelloTrade
|
DeFi、Derivatives
| | Web3 trading platform |
221
|
89
|
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.
LeverUp
|
DeFi、Derivatives、Perp
| -- | Perpetual Contract Exchange |
101
|
89
|
IOTrader is the decentralized platform that fuses prediction markets with leveraged trading; giving users the power to speculate on the future. IOTrader introduces a new class of decentralized financial primitive by merging the two fastest-growing verticals of crypto speculation — perpetual futures and prediction markets — into a single, unified trading ecosystem. This enables traders to apply leverage not just on asset prices, but on real-world outcomes, events, data releases, and time-based milestones.
IO Trader
|
DeFi、Derivatives、Prediction market
| | Leveraged Prediction Markets |
71
|
88
|
Harmonix Finance is where TradFi meets DeFi: automated vaults, smart strategies, and max gains with min risk. Harmonix Finance is building efficient hedge fund on-chain derivatives pools using hedge fund strategies (like options wheel & delta neutral) where users deposit fund and receive high yield & multiple tokens airdrop.
Harmonix Finance
|
DeFi、Derivatives、DOV
| | On-chain derivatives platform |
139
|
85
|
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 |
388
|
84
|
Roxom is a Bitcoin-priced and denominated stock, commodities, and futures exchange. User can now view and trade global markets in Bitcoin terms.
Roxom
|
DeFi、Derivatives
| | Bitcoin denominated markets |
112
|
83
|