Derivatives & Perps
On-chain derivatives let traders take leveraged, long, or short positions without holding the underlying asset. Perpetual futures ("perps") — futures with no expiry — dominate the category.
It includes perp DEXes (Hyperliquid, GMX, dYdX), options protocols (Lyra, Premia), and structured-product and volatility vaults. Leverage amplifies both gains and losses, and positions can be liquidated.
30 coins in this category — Browse all coins →
30 Derivatives & Perps
Browse all coins →EVM options and dated futures DEX that creates expirable positions by routing through existing money markets like Aave and Compound — no own
Read →What is dYdX v4?
Read →What is Gains Network?
Read →What is GMX?
Read →What is GMX v2?
Read →High-performance order book perps exchange on its own L1 (100k+ TPS, sub-second) — largest crypto airdrop in history (Nov 2024, no VC alloca
Read →What is Mango Markets?
Read →Pioneer on-chain perps DEX — invented the virtual AMM (vAMM) in 2020, then rebuilt on Optimism using Uniswap v3 as the actual price discover
Read →What is Ribbon Finance?
Read →Solana-native derivatives DEX offering both perpetual futures and options — the only major Solana platform combining both products under one
Read →