1 4.9 Hyperliquid HYPE $32.10 24h: +1.6% 6 reviews Hyperliquid is one of the most popular perpetual futures DEXes, running on its own L1 blockchain to deliver sub-second execution and deep liquidity without gas fees. 2 4.7 GMX GMX Arbitrum 1 review GMX is a leading decentralized perpetual futures exchange on Arbitrum and Avalanche, offering up to 100x leverage with oracle-based pricing and zero price impact trades. 3 4.7 Vertex Protocol VRTX Arbitrum 1 review Vertex offers perpetual futures with up to 20x leverage using a hybrid orderbook-AMM model for optimal execution on Arbitrum. 4 4.7 ApeX APEX $0.282200 24h: +1.4% 6 reviews ApeX specializes in decentralized perpetual futures trading with up to 100x leverage, offering a non-custodial alternative to centralized derivatives exchanges. 5 4.7 Drift DRIFT $0.094000 24h: +1.7% 6 reviews Drift is Solana's top perpetual futures DEX, offering up to 50x leverage on 40+ crypto assets with a hybrid orderbook-AMM architecture for deep liquidity. 6 4.6 SynFutures F $0.006460 24h: +0.1% 6 reviews SynFutures is a top perpetual futures DEX on Base, enabling permissionless creation of perp markets for any token through its innovative oAMM model. 7 4.5 Injective INJ Injective 1 review Injective's native modules support perpetual futures, derivatives, and binary options trading with a fully decentralized on-chain order book and zero gas fees. 8 4.5 MYX 6 reviews MYX Finance is a perpetual DEX on Arbitrum offering up to 150x leverage with a unique Matching Pool Mechanism that reduces trading costs and provides deep on-chain liquidity. 9 4.5 Axiom 6 reviews Axiom Perps is Axiom's perpetual futures offering, powered by Hyperliquid. It lets users trade up to 50× leverage on a wide variety of assets"including BTC, ETH, SOL, DOGE, and many memecoins"with features like zero gas fees and a high-performance, on-chain order book. Axiom's integration provid 10 4.4 edgeX 6 reviews edgeX specializes in decentralized perpetual futures with institutional backing from Amber Group, offering high-performance on-chain derivatives trading. 11 4.4 Gains Network GNS Arbitrum 1 review Gains Network (gTrade) offers leveraged perpetuals on crypto, forex, stocks, and commodities with up to 150x leverage on Arbitrum. 12 4.4 Kwenta KWENTA Optimism 1 review Kwenta offers decentralized perpetual futures with up to 50x leverage on synthetic assets via Synthetix, featuring zero slippage and deep liquidity. 13 4.3 Jupiter JUP $0.155720 24h: +1.8% 6 reviews Jupiter Perps is a perpetual derivatives exchange on Solana offering up to 150× leverage on assets like SOL, ETH, and BTC. Traders borrow from a shared liquidity pool (JLP), which provides deep liquidity and backstops leveraged positions. Users deposit collateral in any supported token, and Jupi 14 4.2 Aster 6 reviews AsterDEX is a decentralized perpetual futures platform targeting both newcomers and seasoned traders with a user-friendly experience and advanced order types. 15 4.2 BasedApp 6 reviews BasedApp offers decentralized perpetual trading alongside wallet and payment features, combining derivatives access with comprehensive crypto financial services. 16 4.2 MUX Protocol MCB Arbitrum 1 review MUX operates its own perpetual trading protocol with up to 100x leverage, alongside aggregating liquidity from other perp DEXes. 17 4.1 Raydium Perps RAY $0.627000 24h: +0.8% 6 reviews Raydium Perps is a gasless perpetual futures DEX on Solana using a CLOB architecture for precise order matching and up to 40x leverage on major crypto assets. 18 4.1 Aevo AEVO Ethereum 1 review Aevo provides perpetual futures and pre-launch token markets on its own L2 rollup with off-chain orderbook and on-chain settlement. 19 4.0 PancakeSwap CAKE $1.31 24h: +0.5% 6 reviews PancakeSwap Perpetuals V2 is a fully on-chain perpetual futures trading feature that lets users take leveraged long or short positions on various assets without any fixed expiry dates. It removes the need for traditional order books by consolidating liquidity into an ALP pool, which supports all tra 20 3.9 Level Finance LVL BNB Chain 1 review Level Finance provides perpetual futures with up to 50x leverage and unique multi-tranche risk management for liquidity providers. 21 3.7 Parcl PRCL Solana 1 review Parcl functions as a perpetual trading platform for real estate price indices, allowing users to go long or short on property markets in specific cities. 22 3.5 Rage Trade Arbitrum 1 review Rage Trade offers decentralized perpetual futures with recycled liquidity that reuses existing DeFi liquidity as trading collateral. 23 3.4 Perpetual Protocol PERP Optimism 1 review Perpetual Protocol pioneered the virtual AMM model for decentralized perpetual futures, offering up to 10x leverage on Optimism.