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Perpetual DEXes Dashboard
Overview of top perpetual DEXes
TL;DR
Track real-time trading volume, open interest, and funding rates across 35+ perpetual DEXs including Hyperliquid, TradeXYZ, Aster, Lighter, and dYdX. As of August 2026, total daily perp DEX volume is $15.23B with $22.01B in open interest, with TradeXYZ commanding 24.1% market share. Data updated hourly from on-chain sources and exchange APIs.
| № | Protocol | 24h Volume | Open Interest | 30d Volume | 30d Revenue | TVL | Token | FDV | Maker Fee | Taker Fee | Fundraise |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | $3.66B | $4.14B | $25.52B | $3.61M | $42.52M | — | — | 0.0030% | 0.0090% | — | |
| 2 | $2.98B | $11.40B | $94.93B | $31.24M | $1.42B | HYPE | $57.43B | −0.0200% | 0.0350% | None. Entirely self-funded. | |
| 3 | $1.39B | $1.95B | $59.74B | $9.69M | $283.64M | ASTER | $4.73B | 0.0100% | 0.0350% | Seed (YZi Labs/Binance Labs, Nov 2024) | |
| 4 | $1.14B | $116.34M | $37.89B | $253.32K | $72.49M | APEX | $215.21M | — | 0.0250% | $20M Strategic: $20M (Dragonfly Capital, Jan 2023) | |
| 5 | $998.53M | $864.44M | $34.00B | $1.83M | $95.47M | LIT | $2.39B | — | — | $95M total Series B $68M (Founders Fund, Nov 2025) Val: $1.5B | |
| 6 | $858.73M | $1.42B | $23.61B | $719.73K | $28.37M | — | — | — | — | $10.3M Seed (Bain Capital Crypto, Oct 2023) | |
| 7 | $820.84M | $3.23M | $9.39B | $1.94M | $68.23M | — | — | 0.0120% | 0.0380% | Pre-seed (Amber Group, Dec 2024); Strategic (Circle Ventures, Jan 2026) | |
| 8 | $519.24M | $187.18M | $13.39B | $2.73M | $136.81M | — | — | — | 0.0250% | $6.5M Seed (Tioga, Cherry, StarkWare) | |
| 9 | $492.10M | $107.16M | $18.74B | $809.16K | $29.74M | — | — | 0.0150% | 0.0400% | — | |
| 10 | $485.16M | $349.27M | $25.43B | $5.15M | $156.29M | — | — | −0.0100% | 0.0450% | $17.3M total Series A $7.3M (Matrix, Apr 2024) | |
| 11 | $278.37M | $72.64M | $19.01B | $63.24K | $15.44M | — | — | 0.0100% | 0.0400% | None. Self-funded by founding team. | |
| 12 | $255.75M | $8.22M | $7.93B | $1.28M | $21.05M | AVNT | $97.73M | — | 0.0600% | $12M total Series A $8M (Founders Fund, Pantera) | |
| 13 | $245.98M | $12.35M | $7.63B | $7.31K | $10.27M | REYA | — | 0.0400% | 0.0400% | $16M total $10M Series A (Coinbase Ventures, Wintermute, Brevan Howard) Val: $150M | |
| 14 | $185.72M | $582.37M | $5.76B | $9.41M | $692.98M | JUP | $1.17B | — | 0.0600% | None. Community-driven via airdrop. | |
| 15 | $142.37M | $262.33M | $4.48B | $504.59K | $9.89M | ATTX | — | — | — | — | |
| 16 | $121.39M | $78.04M | $2.42B | $40.27K | $399.75K | — | — | — | — | $5M+ Seed $5M (Jane Street, Amber Group, QCP Capital, Selini Capital, Mar 2025) | |
| 17 | $116.92M | $68.50M | $3.67B | $351.00 | $382.38M | BP | $386.78M | 0.0200% | 0.0500% | $87M ($37M + $50M) Series A: $37M. Current: $50M at $1B valuation (Jump Crypto, FTX Ventures) Val: $1B (current round) | |
| 18 | $111.54M | $29.02M | $3.46B | $0.00 | $1.06M | — | — | — | — | $6.2M total Pre-seed $2.2M (Speedinvest, Nov 2023); Seed $4M (CoinFund, Flow Traders, Auros, Feb 2025) | |
| 19 | $103.80M | $73.27M | $5.89B | $418.74K | $18.35M | — | — | 0.0100% | 0.0350% | — | |
| 20 | $48.27M | $8.74M | $1.50B | $19.13K | $0.00 | — | — | — | — | Strategic (Tether, Feb 2026) | |
| 21 | $43.80M | $4.18M | $845.99M | $407.69K | $29.73M | — | — | — | — | Incubated by Aptos Labs | |
| 22 | $43.74M | $2.86M | $378.69M | $291.79 | $0.00 | — | — | −0.0100% | 0.0450% | Part of Injective Labs (no separate raise) | |
| 23 | $34.98M | $124.14M | $1.08B | $22.45K | $312.64M | DRIFT | $11.25M | −0.0025% | 0.0350% | $23.5M total Series A: Multicoin Capital (Oct 2021) + Jump Crypto | |
| 24 | $32.50M | $2.67M | $1.01B | $0.00 | $0.00 | — | — | — | — | $5M Seed $5M (Dragonfly, Electric Capital, Echo, Mar 2025) | |
| 25 | $30.24M | $0.00 | $937.29M | $21.57K | $0.00 | BASED | — | — | — | $11.5M Series A + undisclosed seed Series A: $11.5M led by Pantera Capital (Feb 2026), with Coinbase Ventures, Wintermute Ventures, Karatage. Seed (2022): Hashed, Spartan Group, Delphi Ventures, Ethena Foundation, Newman Capital. | |
| 26 | $25.27M | $39.82M | $960.53M | $205.30K | $341.52M | DYDX | $106.23M | 0.0100% | 0.0500% | $87M total Series C: $65M (Paradigm, Aug 2021). Earlier: Series A $10M, Series B $12M. Val: $2B peak valuation (2021 bull) | |
| 27 | $17.91M | $7.19M | $555.19M | $31.34K | $86.22M | — | — | — | 0.0300% | Ethena ecosystem | |
| 28 | $16.00M | $1.29M | $495.95M | $0.00 | $0.00 | — | — | — | — | $2.2M Seed (Multicoin Capital, Alameda Research, Solana Ventures) | |
| 29 | $13.68M | $0.00 | $424.12M | $127.15K | $0.00 | — | — | — | — | $7.6M Seed (Paradigm, General Catalyst) | |
| 30 | $8.36M | $47.51M | $251.22M | $483.58K | $121.53M | DIME | $10.89M | — | — | Paradigm-backed | |
| 31 | $5.13M | $38.55M | $522.11M | $302.76K | $17.54M | — | — | 0.0300% | 0.1000% | $27.8M total Seed $3.5M (General Catalyst + LocalGlobe, Oct 2023); Series A $20M (General Catalyst + Jump Crypto, Dec 2025); $4M strategic Val: ~$250M (post-Series A, Dec 2025) | |
| 32 | $1.17M | $0.00 | $36.20M | $29.07K | $0.00 | — | — | — | — | Undisclosed seed (6th Man Ventures, Delphi Digital, Manifold Trading, Spartan Group, Anatoly Yakovenko, Balaji Srinivasan) | |
| 33 | $732.10K | $5.51M | $434.44M | $1.21K | $8.52M | — | — | 0.0100% | 0.0350% | Ethena & Hashed backed | |
| 34 | $287.81K | $640.62K | $8.92M | $38.15K | $923.96K | VNTLS | — | — | — | — | |
| 35 | $1.50K | $2.29K | $46.34K | $5.42K | $96.97K | MYX | $79.66M | 0.0100% | 0.0100% | $5M seed + undisclosed strategic Seed $5M (HongShan/Sequoia China at $50M valuation, Nov 2023); Strategic (Consensys, Feb 2026) Val: $50M (seed round) |
Market Insights
AI-Powered AnalysisMarket Overview
35 active DEXs with $15.23B total 24h volume. Leading protocols (TradeXYZ, Hyperliquid, Apex) drive the market. $22.01B in open interest across all protocols.
TradeXYZ Volume Spike
24h volume of $3.66B is +3.31% above 30d average ($850.68M). Capturing 24.1% market share today.
Hyperliquid Revenue Leader
$1.11M in 24h revenue (40% of market). Annualized: $405.69M. Strong protocol economics with $2.98B daily volume.
💡 Insights are auto-generated based on volume trends, open interest, revenue data, and market activity. Data refreshes every 5 minutes. Use these insights as a starting point for your own research.
Perpetual DEX Comparison: Hyperliquid vs Lighter vs Aster vs EdgeX
Head-to-head comparison of the top perpetual exchanges by volume based on live data
| Feature | Hyperliquid | Lighter | Aster | EdgeX |
|---|---|---|---|---|
Blockchain | Hyperliquid L1 | Ethereum (own L2) | BNB Chain | Ethereum (own L2) |
Trading Pairs Number of perpetual markets available | 50+ | 30+ | 200+ | 100+ |
Maker Fee | -0.02% (rebate) | 0.00% (rebate) | 0.02% | 0.02% |
Taker Fee | 0.03% to 0.05% | 0.03% | 0.045% | 0.05% |
Funding Interval | 1 hour | 1 hour | 8 hours | 8 hours |
Max Leverage | 50x | 50x | 200x | 100x |
Custody Model | Non-custodial | Non-custodial | Non-custodial | Non-custodial |
Token | HYPE | None (points active) | ASTER | None (points active) |
Best For | High-volume traders, maker rebates | Low-latency orderbook, zero maker fees | BNB ecosystem, high leverage | Deep liquidity, institutional trading |
Data Sources & References
Primary data source for perpetual DEX volume, open interest, and TVL metrics. Industry-standard aggregator cross-referenced for data integrity.
Reference source for funding rate comparison and liquidation data across centralized and decentralized exchanges.
Official documentation for fee structure, funding mechanisms, and API endpoints.
Technical specifications for dYdX Chain, trading mechanics, and network parameters.
GLP pool mechanics, fee structure, and multi-chain deployment details.
Frequently Asked Questions
1.What is the highest volume perpetual DEX right now?
TradeXYZ currently leads with $3.66B in 24-hour volume, representing 24.1% market share. Volume rankings change based on market conditions, new protocol launches, and trader preferences for specific chains or fee structures.
2.How do perpetual DEX funding rates compare across platforms?
Funding rates vary significantly across perpetual DEXs. Most platforms use 1-hour or 8-hour funding intervals. Rates typically range from -0.1% to +0.1% per period, with extreme market conditions pushing rates higher. Visit our Funding Rates page for real-time cross-platform comparison.
3.What are the fees for trading perpetuals on decentralized exchanges?
Perpetual DEX fees vary by protocol. Maker fees range from -0.02% (rebates) to +0.05%, while taker fees typically range from 0.02% to 0.10%. Some protocols like Hyperliquid offer maker rebates, while others like GMX use a tiered fee structure. Check the Extended Metrics view for detailed fee information per protocol.
4.What is the difference between CEX and DEX perpetual futures?
DEX perpetuals are non-custodial (you control your funds), settled on-chain, and often offer unique features like no KYC and permissionless access. CEX perps typically have higher liquidity, more trading pairs, and faster execution, but require trusting the exchange with your funds. DEX perps have grown significantly, with leading platforms now matching CEX volumes on major pairs.
5.How does open interest on perp DEXs affect crypto prices?
Open interest represents the total value of outstanding derivative contracts. High OI indicates strong trader conviction and can amplify price movements in either direction. Rising OI with rising prices suggests new longs entering (bullish), while rising OI with falling prices suggests new shorts (bearish). Sudden OI drops often indicate liquidation cascades.
6.Which perpetual DEX has the most trading pairs?
Hyperliquid and dYdX v4 offer the widest selection of perpetual trading pairs, with 50+ markets each including major cryptocurrencies, altcoins, and even some meme tokens. GMX focuses on high-liquidity blue-chip pairs. Check individual protocol pages for complete pair listings and liquidity depth.
7.How is this perpetual DEX data collected and verified?
Data is aggregated from on-chain sources and official exchange APIs, updated hourly via automated GitHub Actions. We cross-reference with DefiLlama, validate against historical baselines, and maintain data integrity checks. All volume and open interest figures come directly from blockchain data or verified API endpoints.