Derivatives
As of 23 Oct 2026, the 41 derivatives protocols we track hold $1.96B between them, down 3.2% over seven days. Jupiter Perpetual Exchange is the largest with $731.2M, 37% of the sector.
- Value locked
- $1.96B
- 7 days
- −3.2%
- Fees per day
- $2.64M
- Protocols
- 41
Share of value locked
All derivatives
| # | Protocol | Chains | Value locked | 24h | 7d | Fees/day | Fees / TVL |
|---|---|---|---|---|---|---|---|
| 1 |  Jupiter Perpetual Exchange | Solana | $731.2M | +0.3% | −0.9% | $135.1K | 6.7% |
| 2 |  GMX EVM | Arbitrum, Avalanche +1 | $211.3M | +0.8% | 0.0% | $42.92K | 7.4% |
| 3 |  Hyperliquid HLP | Hyperliquid L1 | $177.0M | −0.1% | −0.4% | $16.14K | 3.3% |
| 4 |  Lighter Robinhood Perps | Robinhood Chain | $114.3M | +0.6% | +1.7% | $75.67K | 24.2% |
| 5 |  Extended Perps | Arc, Ethereum +1 | $114.2M | +73.1% | −1.5% | $42.69K | 13.6% |
| 6 | Lighter LLP | zkLighter | $94.18M | −2.1% | – | – | – |
| 7 |  dYdX V4 | dYdX | $68.76M | −0.2% | −2.3% | $6.76K | 3.6% |
| 8 |  Arcus Perps | Robinhood Chain | $63.32M | −0.9% | +3.5% | $55.80K | 32.2% |
| 9 |  AZverse Perps | Arbitrum, BNB Chain +3 | $52.03M | 0.0% | 0.0% | $34.37K | 24.1% |
| 10 |  Papertrade | Hyperliquid L1 | $33.15M | −17.2% | −50.7% | $1.91M | 2,104% |
| 11 |  Apex Omni | Ethereum, Arbitrum +3 | $30.10M | −0.7% | −1.8% | $10.34K | 12.5% |
| 12 |  Decibel | Aptos | $29.38M | 0.0% | −1.2% | $17.35K | 21.6% |
| 13 |  GMX Solana | Solana | $26.69M | +0.2% | +0.5% | $113.4K | 155.1% |
| 14 |  Phoenix Perp | Solana | $23.82M | +0.1% | +0.3% | $7.77K | 11.9% |
| 15 |  RISEx | RISE | $20.93M | +0.1% | +2.1% | – | – |
| 16 |  Aevo Perps | Ethereum, Arbitrum +2 | $14.85M | +0.8% | +0.9% | – | – |
| 17 |  dYdX V3 | Ethereum | $11.64M | −9.4% | −62.5% | – | – |
| 18 |  Veranta | Base | $11.19M | −6.8% | −4.5% | $25.77K | 84.0% |
| 19 |  Moonlander | Cronos, Cronos zkEVM | $10.94M | +0.1% | −0.1% | $249 | 0.8% |
| 20 |  MUX Perps | Arbitrum, Avalanche +3 | $9.64M | +0.1% | −0.1% | $304 | 1.1% |
| 21 |  Fulcrom Perps | Cronos, ZKsync Era +1 | $9.51M | +0.6% | +0.7% | $2.14K | 8.2% |
| 22 |  Reya Perps | Reya Network | $9.38M | 0.0% | 0.0% | $902 | 3.5% |
| 23 |  Antarctic | Arbitrum | $8.67M | −1.6% | −2.0% | $84.56K | 355.8% |
| 24 |  BULK | Solana | $8.31M | −0.1% | +2.1% | $29.03K | 127.5% |
| 25 |  Gains Network | Arbitrum, Base +3 | $8.08M | +0.3% | −2.4% | $8.89K | 40.1% |
| 26 |  Contango V2 | Ethereum, Base +8 | $7.36M | −1.2% | −2.1% | $7 | 0.0% |
| 27 |  HertzFlow | BNB Chain | $6.98M | −0.1% | −1.8% | $111 | 0.6% |
| 28 |  TurboFlow Perps | BNB Chain, Solana | $6.69M | −1.2% | +0.2% | – | – |
| 29 |  Hakka Finance | Ethereum, BNB Chain | $5.29M | +0.4% | −0.8% | – | – |
| 30 |  Bumpin Trade | Solana | $4.34M | 0.0% | +0.1% | – | – |
| 31 |  Storm Trade | TON | $4.18M | −0.5% | −1.8% | $878 | 7.7% |
| 32 |  Evedex | Arbitrum | $3.68M | −0.1% | +1.2% | – | – |
| 33 |  Ostium | Arbitrum | $3.58M | −8.7% | −14.1% | $1.09K | 11.1% |
| 34 |  Perpl | Monad | $3.30M | +0.4% | −0.1% | $4.98K | 55.2% |
| 35 |  AlphaX | BNB Chain, Ethereum +2 | $3.21M | +1.5% | +6.8% | – | – |
| 36 |  GMX V1 EVM | Avalanche, Arbitrum | $3.21M | +0.1% | −0.8% | – | – |
| 37 |  SynFutures V3 | Base, Blast | $2.82M | +0.6% | +0.5% | $7.28K | 94.4% |
| 38 |  Meridian Perps | Robinhood Chain | $2.79M | −0.2% | −1.7% | $43 | 0.6% |
| 39 |  LeverUp | Monad | $2.38M | +4.2% | −1.8% | $766 | 11.7% |
| 40 |  Strike Finance Perpetuals | Cardano, Ethereum | $2.15M | −1.4% | −8.8% | $1.68K | 28.5% |
| 41 |  SYMMIO | Base, Arbitrum +7 | $1.98M | 0.0% | −1.1% | $27 | 0.5% |
