Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.00% | 17.82% | 18.05% | 0.44% | 0.55% | 65.76% |
Comparison
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0xd29f...d744 |   DDX | 9,691,667.44 | 18.21% | $482.84K |
| 0x7647...641a | DDX | 8,900,001 | 16.72% | $443.4K |
| 0x9765...11ff | DDX | 7,500,000 | 14.09% | $373.65K |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | DDX/USDC | $0.1173 | $594 | $593 | $8 | 0.51% |
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About DerivaDEX
DerivaDEX is a perpetuals exchange that matches off-chain and settles on Ethereum: orders enter the matching engine encrypted, fills and margin state are batched into on-chain contracts, and users keep custody throughout. On-chain derivatives have been limited either by block confirmation or by handing custody to a centralized operator. It uses trusted execution environments for order handling to curb front-running and sandwiching, a checkpoint mechanism that compresses many fills into one settlement, and a cross-margin account that lets one collateral pool back several markets.
On 17 February 2026 it obtained a Class T licence from the Bermuda Monetary Authority and began crypto perpetuals trading, one of the few derivatives venues operating inside a regulatory perimeter while keeping on-chain governance, with order acknowledgement under 5 milliseconds. Class T is a test-tier licence, so participation is restricted to eligible advanced retail and institutional traders, and depth concentrates among a small set of market makers.
DerivaDEX, a decentralized derivatives exchange, launched with a vision to combine centralized performance with decentralized autonomy. Key milestones include: the introduction of the protocol and its tokenomics (2020), the launch of insurance mining and DerivaDAO governance (early 2021), the testnet release with feature-complete functionality and trading incentives (Q1 2021), and the mainnet proposal (Proposal #13) for a guarded launch with conservative parameters (Q2 2021). These events mark the transition from concept to community-governed live trading.
On 17 February 2026 DerivaDEX received a Class T licence from the Bermuda Monetary Authority and opened derivatives trading, becoming the first DAO-governed decentralised exchange to operate inside a licensing framework. It started with a limited set of professional retail and institutional traders on major crypto perpetuals, with prediction markets and traditional securities planned next.
The architecture pairs off-chain order matching with onchain Ethereum settlement, with order acknowledgement under five milliseconds and encrypted order handling plus trusted execution environments to resist front-running. Proposal 13, filed on 22 January, set conservative launch parameters: three times maximum leverage, a USD 10,000 deposit cap per user, defined price bands and an opt-in one-click trading session. The token side is strained, with DDX at roughly USD 2.14 million market capitalisation and about USD 546,500 daily volume, which constrains the credibility of its insurance backstop. To meet licensing preconditions, Proposal 13 also amended the Security Council charter to formalise consultation with the Bermuda entity on regulatory status, AML frameworks and risk management. The venue reports order acknowledgement latency under five milliseconds.
Future strategy and roadmap: DerivaDEX will loosen leverage and deposit limits through governance, widen the eligible user base, and bring prediction markets and additional asset classes into its licensed framework.
Aditya Palepu — Co-founder & CEO; founded DerivaDEX in 2020 with a background in derivatives and crypto trading research.
Frederic Fortier — Co-founder; involved in protocol and trading engine design.
Ainsley Sutherland — Head of Product.
DerivaDEX charges 0 bps maker and 5 bps taker on perpetuals, cut to 2.5 bps when fees are paid in DDX, a 50% discount; funding settles every 8 hours within a ±5 bps dead zone and a ±50 bps clamp, and unrealized PnL settles every 24 hours.
In November 2025, DerivaDEX obtained a Bermuda Monetary Authority digital asset business licence (Class T), the first held by a DAO-governed exchange, letting it run a licensed non-custodial crypto derivatives venue offering Bitcoin and Ethereum perpetual swaps to verified institutional traders.