Derivatives

TxFlow#11 · Derivatives

TxFlow is an open Layer 1 with multi-application ecosystem around TIP Liquidity Standards — where every Channel shares on-chain liquidity, settlement, and market data without bridging.

TVL$42.1M+1.3%

Extended#12 · Derivatives

Extended is a perp DEX where you can trade 330+ crypto and TradFi markets from one account, with unified margin, multi-asset collateral, spot, and lending markets. Built by an ex-Revolut team.

TVL$110M-0.3%

Unitas#13 · Derivatives

Unitas is a yield infrastructure protocol for onchain finance built on a basket of delta-neutral strategies.

TVL$52.6M+0.7%

dYdX#14 · Derivatives

The most powerful open trading platform for crypto assets. Margin trade, borrow, and lend cryptocurrency.

TVL$78.2M-1.8%

Synthetic BTC and ETH perpetuals on HyperEVM, where traders trade against a protocol-owned liquidity pool using Hyperliquid's BBO mid price.

TVL$27.1M-0.7%

Antarctic#16 · Derivatives

Antarctic Exchange (AX) is a high-performance decentralized perpetual futures DEX delivering CEX-grade trading with deep liquidity, low fees, and a clean, self-custodial UX.

TVL$8.7M+0.5%

PopDEX#17 · Derivatives

PopDEX is a trader-first perpetual DEX built for capital efficiency, execution quality, and 100% protocol value return to real contributors.

TrueCurrent#18 · Derivatives

TrueCurrent is a non-custodial perpetuals exchange on Injective, combining zero-fee RFQ trading, best-price execution, and self-custody.

Tori Finance#19 · Derivatives

Tori Finance is a synthetic dollar protocol where trUSD is backed by delta-neutral trading positions and can be staked into strUSD to earn yield from those market-neutral strategies.

TVL$72.2M-0.0%

Axis#20 · Derivatives

Quantitative yield protocol that issues USDx, a synthetic dollar backed by a cross-venue arbitrage engine. sUSDx is the staked yield-bearing vault.

TVL$66.6M-0.0%

Alchemix#21 · Derivatives

Alchemix is a protocol for creating and managing synthetic assets, allowing users to mint and burn synthetic assets backed by real-world assets.

TVL$38.6M+0.8%+1

Bitway Earn#22 · Derivatives

Bitway Earn is an asset management product from the Bitway suite that allows users to deploy on-chain capital into global investment opportunities. It functions as a comprehensive gateway for both retail and institutional players seeking to access yield globally.

TVL$35.4M-2.8%

Catapult Trade#23 · Derivatives

A gamified synthetic-trading app. Turbo Mode (live) is synthetic derivatives trading; a planned Hyper Mode adds an omnichain aggregator terminal and a token launcher.

ZEROBASE CeDeFi#24 · Derivatives

ZEROBASE introduces the first zk-powered staking product on stablecoins

TVL$60.7M+0.0%+3

Decibel#25 · Derivatives

Decibel is a composable, onchain trading engine for spot, perps, and yield opportunities.

TVL$29.3M-0.1%

Aegis#26 · Derivatives

YUSD & jUSD offer risk-adjusted yields through delta-neutral strategies.

TVL$34.4M+0.0%

ApeX Protocol#27 · Derivatives

ApeX, an innovative derivatives protocol to provide Web3 users with a supreme derivatives trading experience

TVL$29.9M-0.0%+4

Phoenix#28 · Derivatives

Phoenix is a decentralized limit order book on Solana that is fully on-chain, non-custodial, and crankless.

TVL$24.1M-0.4%

Manta CeDeFi#29 · Derivatives

Manta CeDeFi: offering more opportunities for Manta users through a diversified approach to earning yield through CeFi and DeFi.

TVL$26.7M+0.0%

Hegic#30 · Derivatives

Hegic is an on-chain peer-to-pool options trading protocol on Arbitrum. You can trade ETH and WBTC ATM / OTM Calls / Puts & One-click Option Strategies on Hegic

TVL$9.0M-0.7%

Liminal#31 · Derivatives

Liminal is designed to capture yield sources offered by Hyperliquid and distribute them through fully automated strategies across all ecosystems.

TVL$21.4M-0.0%

Primit#32 · Derivatives

Perpetuals DEX.

RISEx#33 · Derivatives

RISEx is a fully onchain perpetuals exchange built on RISE Chain.

TVL$21.2M+0.7%

Piku Finance#34 · Derivatives

Piku Finance is an on-chain yield platform offering USP, a yield-optimized stablecoin, together with institutional-grade Morini Capital vaults focused on market-neutral, foreign exchange arbitrage, carry trade, and basis trade strategies.

TVL$20.6M-0.2%

BULK#35 · Derivatives

BULK is a Solana perpetuals DEX built for ultra-low-latency derivatives trading with sub-20ms matching and high-throughput execution

TVL$8.0M+0.1%

SynFutures#36 · Derivatives

SynFutures is a leading decentralized protocol for perpetual futures, democratizing the derivatives market by empowering users to trade any asset and create arbitrary futures contracts within seconds

TVL$2.3M+88.3%+2

Veranta#37 · Derivatives

Perpetuals exchange for leveraged long and short exposure to crypto and global markets including equities, FX, indices, metals and commodities.

TVL$11.1M+7.6%

Katana Perps#38 · Derivatives

Perps by Katana.

TVL$1.3M-0.0%

Youves#39 · Derivatives

Youves is a decentralised, non-custodial and self-governed platform for the creation and management of synthetic assets. Minters of synthetic assets earn a passive income in YOU, the governance token on Youves.

TVL$16.7M-0.3%

Gains Network#40 · Derivatives

Gains Network is building the decentralized finance ecosystem of the future. Our goal is to build the most advanced and optimised suite of DeFi products in the space.

TVL$6.7M-0.5%+1

Aevo#41 · Derivatives

Trade crypto options on the world's first high-performance decentralized options exchange.

TVL$15.3M-0.1%

Perpl#42 · Derivatives

Perpl is a perpetual futures exchange on Monad.

TVL$3.2M-0.2%

XSY#43 · Derivatives

$UTY, also known as Unity, is a digital synthetic dollar (DSD). Unity is a delta-neutral asset and serves as the synthetic dollar at the center of XSY's ecosystem of decentralized financial products.

TVL$13.0M-0.0%

Reya#44 · Derivatives

The only DEX where speed never compromises security. Uniquely built as a based-rollup powered by zk-proofs, Reya DEX delivers 1 millisecond speed, 0 trading fess and 100% Ethereum uptime and security

TVL$9.9M+0.1%

BounceBit Prime#45 · Derivatives

Build structured positions in Franklin's Benji & BlackRock BUIDL. Holdings remain in custody while Prime deploys them as collateral and runs delta-neutral strategies for you across approved venues.

TVL$11.4M-0.0%

Contango#46 · Derivatives

Contango lets you loop anything on-chain. You can create leverage (re)staking positions, arb rates differentials, farm points, or simply go long or short like a perp at low funding.

TVL$9.8M+0.5%+6

Metronome#47 · Derivatives

Synthesizing the future of DeFi.

TVL$9.8M+0.4%

MUX Protocol#48 · Derivatives

MUX Protocol Suite contains the MUX Leveraged Trading Protocol and MUX Aggregator. MUX offers optimized trading cost, deep aggregated liquidity, diverse market options and a wide range of leverage options for traders.

TVL$9.2M+0.5%+1