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.

Opyn is building DeFi-native derivatives and options infrastructure in the DeFi space.

Taker Protocol is a yield scaling layer built on the NPOL consensus mechanism. It provides liquidity and yields to the Bitcoin ecosystem through robust incentive structures, offering features such as EVM compatibility and strong demand for Taker tokens. Any Bitcoin derivatives can be traded via the Taker protocol, generating attractive on-chain yield and protocol revenue, which are directly distributed to protocol users. Taker will be the yield scaling and dAPP layers for all BTC and its derivatives.

Ventuals is an unlisted company equity derivatives platform that allows users to use USDC to go long or short on the pre-IPO valuation of unlisted startups.

Amped Finance is a decentralized perpetual and spot trading platform derived from GMX v1 protocol. Amped Finance is creating a next-generation DeFi protocol that harmoniously blends advanced trading capabilities, yield opportunities, and AI-driven intelligence.

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.

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.

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.

D3X is a multichain decentralized exchange for spot and derivatives trading, powered by AI. It provides an all-in-one solution with AI-driven insights, offering market signals and advanced trading tools to enhance decision-making and strategy development across spot and Perp DEX trading.

Injective is an interoperable layer-1 blockchain that powers the next generation of financial applications. Injective uniquely provides plug-and-play financial infrastructure primitives such as high-performance on-chain decentralized trading infrastructure, decentralized bridges, oracles, and multiple composable smart contract layers such as CosmWasm and EVM.

SynFutures is a decentralized derivatives exchange that enables anyone to list and trade futures and perps on any asset. Positioned as the Amazon of derivatives by creating an open and trustless derivatives market, SynFutures introduces permissionless asset listings and offers the widest diversity of pairs for trading.

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.

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.

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

Superp is an on-chain trading infrastructure, offering leveraged derivatives services ranging from 3x to 10,000x.

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

Dolomite is a next-generation margin trading and lending protocol.

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.

Ranger is an aggregated, multi-asset trading platform designed for traders on Solana.

index.fun is an on-chain real-world index platform whose SQL smart contracts are deployed on the TRUF network, supporting liquid token markets and liquid index markets.

Glow is a decentralized margin trading protocol designed for mature investors and large-scale users, launching a suite of financial instruments designed to maximize capital efficiency and increase earnings opportunities. Glow's cross-margin account feature allows dynamic interaction between assets, allowing users to manage, borrow and utilize positions within a unified framework.

Felix is a synthetic dollar protocol on Hyperliquid L1 that allows users to deposit collateral and borrow feUSD to earn income using Felix vaults.

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.

Aark Digital is a Perpetual DEX for professional traders/LPs on Arbitrum. It aims to bring all onchain assets into a single liquidity pool to provide an unprecedented leverage experience.

Narwhal Finance is a cross-market, decentralized, perpetual exchange that offers a unique solution for social trading. It enables leveraged trading of all asset classes through synthetic assets and provides liquidity providers with a yield from trading fees and top traders' performance, making it a profitable opportunity for all parties involved.

Euphoria Finance is a derivatives trading market based on the MegaETH network. The platform combines the fundamentals of price prediction, the efficiency of CLOB market making, and abstracts the complexity of the underlying protocol to create a fun, social, mobile-first trading experience with a game-like feel.

1delta is a decentralized margin aggregator service that allows users to directly build margin positions using established DEXs and lending protocols. The objective is to bring a universal aggregator service (comparable to Interactive Brokers in CeFi) to EVMs.

AZEx is a decentralized perpetual DEX built on Berachain, offering trading with up to 100x leverage. Funds within the platform are intelligently routed to DeFi protocols in the Berachain ecosystem—such as DEXs, lending platforms, perpetuals, and yield aggregators—for farming opportunities.

Vest is a quantitative research firm developing financial infrastructure that enables real-time, universal risk pricing. As a neutral and verifiable intermediary, Vest will enable participants to share risk data without exposing proprietary information, leading to greater capital efficiency, improved liquidity provisioning, fairer pricing, and more accurate risk assessments across lending, trading, and credit markets. As a first proof of concept, Vest is launching a perpetual futures exchange to demonstrate how universal risk assessment enables a fair, predictable, and liquid trading environment.

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.