Perpetual
0.93%
−0.00%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
10 HYPE 10Hyperliquid | $75.04 | −3.22% | −10.80% | −10.92% | $18.99 B | $70.87 B | $392.15 M | |||
44 ASTER 44Aster | $0.6462 | −4.38% | −6.16% | −7.01% | $1.79 B | $5.04 B | $62.12 M | |||
64 JUP 64Jupiter | $0.2569 | 5.93% | 3.88% | −31.66% | $852.75 M | $1.75 B | $53.54 M | |||
69 LIT 69Lighter | $3.27 | 2.77% | 6.66% | −8.55% | $818.18 M | $3.27 B | $77.41 M | |||
111 SUN 111Sun Token | $0.01536 | −0.69% | −1.26% | −8.70% | $295.14 M | $294.76 M | $8.57 M | |||
123 BP 123Backpack | $0.8778 | −1.42% | −1.81% | −29.56% | $219.45 M | $877.80 M | $3.88 M | |||
152 DRV 152Derive | $0.3064 | −3.98% | 1.23% | −38.88% | $178.02 M | $305.90 M | $6.89 M | |||
173 EDGE 173edgeX | $0.3931 | 20.72% | 25.45% | 14.27% | $137.59 M | $396.40 M | $10.32 M | |||
218 GENIUS 218Genius | $0.2923 | 1.35% | −2.07% | −13.29% | $98.03 M | $277.80 M | $2.83 M | |||
234 GMX 234GMX | $7.74 | −3.13% | −4.36% | −9.63% | $82.78 M | $82.35 M | $1.95 M | |||
242 DYDX 242dYdX | $0.09203 | −0.67% | −9.08% | −33.63% | $77.87 M | $87.87 M | $3.36 M | |||
260 O 260o1.exchange | $0.449 | 4.99% | 16.34% | −1.01% | $71.84 M | $448.50 M | $2.14 M | |||
448 AVNT 448Veranta (formerly Avantis) | $0.0839 | 1.62% | −4.70% | −37.83% | $32.52 M | $83.55 M | $4.51 M | |||
493 APEX 493ApeX | $0.187 | 0.73% | −7.37% | −19.69% | $29.53 M | $93.00 M | $1.79 M | |||
589 GRVT 589GRVT | $0.204 | 2.10% | −14.23% | −9.74% | $23.33 M | $202.70 M | $3.39 M | |||
704 AEVO 704Aevo | $0.01868 | 0.37% | −4.37% | −29.91% | $17.42 M | $18.70 M | $2.71 M | |||
824 ORDER 824Orderly | $0.03111 | 3.14% | −13.67% | −14.48% | $13.39 M | $31.00 M | $5.74 M | |||
847 F 847SynFutures | $0.002428 | −0.70% | −11.46% | −23.39% | $12.80 M | $24.16 M | $1.17 M | |||
890 FUL 890Fulcrom | $0.0007028 | 1.70% | −9.21% | −26.99% | $11.74 M | $14.06 M | $1,741.25 | |||
898 MYX 898MYX Finance | $0.0494 | −0.34% | −9.22% | −23.90% | $11.62 M | $49.32 M | $3.20 M | |||
980 GNS 980Gains Network | $0.423 | −12.08% | 19.82% | 12.84% | $9.96 M | $10.04 M | $7.82 M | |||
996 BASED 996Based | $0.04164 | −3.21% | −13.23% | −36.93% | $9.79 M | $41.40 M | $5.45 M | |||
1037 ROLL 1037RollX | $0.05742 | 3.45% | −5.91% | −32.02% | $8.90 M | $58.03 M | $247,233.84 | |||
1063 MCB 1063MUX Protocol | $2.23 | −0.45% | −0.45% | −5.11% | $8.52 M | $10.71 M | $80.22 | |||
1089 INX 1089Infinex | $0.004074 | 0.45% | −9.36% | −14.08% | $8.12 M | $40.73 M | $346,347.60 | |||
1128 DRIFT 1128Drift Protocol | $0.01226 | 1.87% | −0.79% | −33.59% | $7.50 M | $12.26 M | $1.01 M | |||
1196 DIME 1196Paradex | $0.03663 | −3.29% | 17.79% | −38.88% | $6.63 M | $36.63 M | $8,803.17 | |||
1201 PIKA 1201Pika Protocol | $0.3461 | −4.56% | −5.44% | −14.37% | $6.58 M | $34.61 M | $1.40 | |||
1277 BUBI 1277Bullbit | $0.01724 | −4.63% | −10.81% | −42.59% | $5.63 M | $68.96 M | $15.14 M | |||
1358 BLUE 1358Bluefin | $0.007449 | −0.67% | −8.69% | −17.78% | $4.69 M | $7.47 M | $432,067.47 | |||
1377 THE 1377THENA | $0.034 | −3.41% | −25.46% | −48.93% | $4.53 M | $9.67 M | $1.75 M | |||
1524 LV 1524leverup | $0.04031 | −0.61% | −10.36% | −33.63% | $3.63 M | $40.31 M | $8.44 | |||
1656 FT 1656Flying Tulip | $0.112 | −0.84% | −4.01% | −25.60% | $2.87 M | $57.83 M | $23,820.88 | |||
1726 VOOI 1726VOOI | $0.00731 | 0.07% | −4.77% | −3.75% | $2.52 M | $7.30 M | $174,166.37 | |||
1746 MKL 1746Merkle Trade | $0.02465 | 0.12% | −0.06% | 12.01% | $2.47 M | $2.47 M | $1.46 | |||
1798 PERP 1798Perpetual Protocol | $0.0172 | −2.02% | −4.68% | −17.37% | $2.27 M | $2.58 M | $45,260.01 | |||
1881 TANGO 1881Contango | $0.004379 | 0.00% | 143.37% | 93.50% | $2.00 M | $4.38 M | $74.69 | |||
2009 SUP 2009Superp | $0.00294 | 5.72% | 44.91% | 589.46% | $1.66 M | $2.94 M | $135,720.97 | |||
2465 GS 2465GammaSwap | $0.002058 | −5.19% | −3.48% | −3.67% | $893,259.56 | $3.29 M | $1,005.10 | |||
2602 2602 Nemesis | $0.0007564 | −4.22% | −6.26% | 1.82% | $755,863.50 | $756,400.00 | $338.34 | |||
2774 LN 2774Lnfi Network | $0.00494 | −3.89% | −48.06% | 132.73% | $616,146.11 | $741,000.00 | $11,842.76 | |||
2949 KILO 2949KiloEx | $0.002408 | −13.77% | −14.35% | −25.87% | $509,773.60 | $2.41 M | $27,060.28 | |||
3063 AARK 3063Aark Digital | $0.0007156 | −1.53% | 17.87% | −27.69% | $446,601.58 | $501,825.50 | $592.39 | |||
3458 OVL 3458Overlay Protocol | $0.005589 | 0.00% | −0.96% | 2.50% | $301,425.99 | $451,952.44 | $458.20 | |||
3637 CYDX 3637CyberDEX | $0.0007086 | 4.39% | −15.24% | −43.46% | $247,520.16 | $1.13 M | $913.31 | |||
3985 KUMA 3985Kuma | $0.0001782 | 7.35% | −5.81% | −70.46% | $178,200.00 | $178,200.00 | $2,214.68 | |||
4613 NAVI 4613Navigator Exchange | $0.02757 | −0.00% | −4.00% | −38.03% | $103,840.56 | $29,224.28 | $11.83 | |||
4779 FAF 4779Flash.Trade | $0.00007488 | −1.90% | −2.42% | −7.65% | $89,854.53 | $89,854.53 | $334.06 | |||
4959 LVL 4959Level | $0.00452 | −8.22% | −3.12% | −4.32% | $78,686.29 | $211,265.15 | $6,368.21 | |||
5743 QTO 5743Quanto | $0.00004478 | −2.74% | −9.93% | −25.68% | $43,149.14 | $43,928.16 | $328.15 | |||
7034 NL 7034Niggaliquid | $0.00001647 | −7.04% | −17.08% | −7.35% | $16,470.00 | $16,470.00 | $0.0211 | |||
7912 ADX 7912Adrena | $0.00000815 | 7.99% | 5.62% | −27.52% | $8,051.68 | $8,109.58 | $24.14 | |||
8110 PERC 8110Perpetual Exchange Protocol | $0.00000697 | −1.83% | 22.50% | −1.83% | $6,938.41 | $6,938.41 | $1,587.14 | |||
8718 LOGX 8718LogX Network | $0.00002784 | 7.08% | −9.73% | −30.47% | $3,619.20 | $27,840.00 | $267.49 | |||
8788 PERPEX 8788Perpex | $0.00000341 | −5.30% | −6.81% | −35.34% | $3,253.81 | $3,253.81 | $1.13 | |||
8880 PUMPPERPS 8880PumpPerps | $0.0000028 | −25.13% | −25.13% | −5.56% | $2,785.18 | $2,785.18 | $1.01 | |||
9093 UNW 9093Uniwhale | $0.00008661 | −1.39% | −3.05% | −20.61% | $725.18 | $1,390.25 | $3.50 | |||
9377 FST 9377Futureswap | $0.0₈852 | −43.58% | −43.58% | −68.49% | -- | $0.029178 | $1.04 | |||
10852 XTEN 10852Extended (prev. X10) | $0.24 | 4.35% | −7.69% | −11.19% | -- | -- | $4.24 M | |||
11276 TMX 11276TMX | $0.6993 | −0.81% | 0.66% | −27.67% | -- | -- | $215.32 |
Frequently Asked Questions
What is the Perpetual category and what are perp DEXs?
The Perpetual category groups tokens of perp DEX protocols — decentralized exchanges that host perpetual futures contracts on-chain. Perpetual DEXs let traders open leveraged long or short positions with no expiry date, settled in stablecoin collateral rather than the underlying asset. The category matters because derivatives volume now exceeds spot trading across most of crypto, and perp DEXs are the on-chain venue capturing that flow. DropsTab tracks more than 55 perpetual projects with a combined market cap above $15B.
How do perpetual futures work?
Perpetual futures are derivative contracts that track an asset's price without an expiry date, allowing positions to stay open indefinitely. A funding-rate mechanism keeps the perpetual price anchored to the spot price. Traders apply leverage to control positions larger than the deposited collateral, amplifying both gains and liquidation risk. Most perpetual DEXs settle profit and loss in stablecoins and trigger liquidations from a mark price derived from spot and contract prices.
What is a funding rate in perpetual contracts?
A funding rate is a periodic payment exchanged between long and short position holders, typically every 8 hours. When the perpetual price trades above spot, long holders pay short holders; when the perpetual price trades below spot, short holders pay longs. The funding rate keeps the contract price aligned with spot and signals positioning — persistently high rates flag crowded one-sided trades and elevated reversal risk. Hyperliquid and dYdX publish live funding rates per market.
Which perp DEX leads by trading volume and market share?
Hyperliquid (HYPE) leads all perp DEXs by trading volume, handling the majority of decentralized perpetuals volume on most days in 2026. Hyperliquid is the only major perp DEX to gain volume share through early 2026, while most competitors lost ground over the same period. Volume share matters because perp DEX revenue scales with trading activity, tying protocol fees directly to token value. Aster (ASTER) and edgeX rank among the next-largest venues by volume.
How are the top perp DEX tokens ranked by market cap?
Hyperliquid (HYPE) ranks largest in the Perpetual category by a wide margin, holding the majority of category market cap. Aster (ASTER) ranks second, followed by Jupiter (JUP) and Lighter (LIT). Market-cap ranking helps investors separate established perp DEX leaders from smaller, higher-risk entrants. DropsTab ranks more than 55 perpetual projects by market cap, FDV, and trading volume on a single category page.
What are the main risks of perp DEX tokens?
Concentration risk defines the Perpetual category — Hyperliquid (HYPE) holds the majority of category market cap, creating single-protocol dependency where one outage or exploit would cascade across the sector. Regulatory risk is high: perpetual futures face US scrutiny, and leading front-ends including Hyperliquid remain inaccessible to US users, capping the addressable market. Dilution risk persists where token FDV far exceeds market cap, signaling large pending unlocks. Liquidation-engine and smart-contract failures remain live technical risks under high leverage.
How do token unlocks affect perpetual DEX investors?
Token unlocks release previously locked supply into circulation, raising sell pressure when large allocations vest. For perpetual DEX tokens, FDV far exceeding circulating market cap signals significant pending unlocks — Hyperliquid (HYPE) carries an FDV several times the circulating market cap. Unlock timing concentrates risk when team and early-investor allocations vest simultaneously. DropsTab tracks per-token unlock schedules for perpetual projects on the DropsTab Vesting calendar.
Who funds perp DEX projects?
Perp DEX funding models split sharply. Hyperliquid (HYPE) launched with no venture capital, no presale, and no outside investors, funding development through trading revenue. Aster (ASTER) drew backing linked to YZi Labs, while dYdX (DYDX) routes 75% of net protocol revenue into DYDX token buybacks. Funding structure signals token-holder alignment — self-funded and revenue-buyback models return value to holders, while heavy VC backing concentrates early unlock supply. DropsTab records funding rounds and investor profiles for perpetual projects.