Perpetual
0.87%
−0.01%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $74.35 | 4.29% | 32.44% | 18.07% | $18.75 B | $70.81 B | $644.19 M | |||
36 ASTER 36Aster | $0.731 | 13.62% | 22.65% | 16.48% | $1.98 B | $5.72 B | $105.78 M | |||
70 JUP 70Jupiter | $0.2113 | 12.50% | 26.91% | 4.07% | $699.92 M | $1.45 B | $35.71 M | |||
72 LIT 72Lighter | $2.73 | 0.18% | 22.47% | 14.31% | $683.25 M | $2.73 B | $59.88 M | |||
98 SUN 98Sun Token | $0.01763 | 2.59% | −2.79% | −5.78% | $338.89 M | $338.89 M | $20.66 M | |||
180 EDGE 180edgeX | $0.3689 | 12.87% | 16.07% | −6.65% | $130.06 M | $371.60 M | $2.68 M | |||
187 BP 187Backpack | $0.4954 | 19.40% | 30.10% | 0.44% | $123.85 M | $495.40 M | $5.07 M | |||
200 GENIUS 200Genius | $0.3334 | −0.05% | −11.63% | −0.14% | $112.32 M | $319.49 M | $3.83 M | |||
211 DYDX 211dYdX | $0.12 | 7.47% | 9.38% | −1.69% | $101.66 M | $114.81 M | $6.79 M | |||
255 O 255o1.exchange | $0.5013 | 7.56% | 11.97% | −18.37% | $80.21 M | $501.30 M | $3.27 M | |||
268 GMX 268GMX | $7.13 | 4.29% | 6.02% | 8.70% | $74.32 M | $74.32 M | $1.05 M | |||
288 DRV 288Derive | $0.1182 | 21.48% | 26.84% | −3.99% | $68.31 M | $117.60 M | $15.63 M | |||
475 AVNT 475Avantis | $0.107 | 12.68% | 6.12% | 12.14% | $36.00 M | $105.80 M | $7.02 M | |||
490 APEX 490ApeX | $0.2368 | 10.81% | 17.78% | −13.93% | $34.71 M | $118.70 M | $2.93 M | |||
507 RTX 507RateX | $0.8316 | 0.23% | 0.25% | −20.64% | $13.85 M | $83.16 M | $133,540.10 | |||
555 GRVT 555GRVT | $0.2813 | −1.04% | −18.65% | −37.27% | $32.00 M | $279.90 M | $60.84 M | |||
690 AEVO 690Aevo | $0.02468 | 12.42% | 30.57% | 28.69% | $23.07 M | $24.74 M | $17.66 M | |||
718 ROLL 718RollX | $0.1386 | −1.24% | 2.18% | 7.11% | $21.48 M | $138.60 M | $119,469.41 | |||
719 BASED 719Based | $0.09124 | 15.26% | 24.77% | 6.22% | $21.44 M | $91.24 M | $10.66 M | |||
798 MYX 798MYX Finance | $0.07883 | 5.77% | 7.69% | −2.87% | $18.52 M | $78.75 M | $8.45 M | |||
819 FUL 819Fulcrom | $0.001056 | 7.70% | 15.87% | 3.29% | $17.64 M | $21.12 M | $3,856.06 | |||
829 INX 829Infinex | $0.008718 | 5.86% | 10.28% | 23.60% | $17.35 M | $86.98 M | $504,424.52 | |||
911 F 911SynFutures | $0.003151 | 11.55% | 20.93% | −4.09% | $14.75 M | $31.51 M | $2.32 M | |||
952 ORDER 952Orderly | $0.0326 | 9.42% | 19.05% | −3.35% | $13.23 M | $32.50 M | $2.43 M | |||
976 GNS 976Gains Network | $0.537 | 2.57% | 3.17% | −3.63% | $12.65 M | $12.65 M | $777,689.99 | |||
1139 THE 1139THENA | $0.0708 | 10.01% | 21.06% | 32.35% | $9.39 M | $20.05 M | $2.24 M | |||
1150 DIME 1150Paradex | $0.01381 | 33.05% | 27.73% | 26.39% | $9.23 M | $13.81 M | $1,886.84 | |||
1237 DRIFT 1237Drift Protocol | $0.01273 | 6.13% | 16.76% | −5.37% | $7.77 M | $12.70 M | $1.19 M | |||
1249 MCB 1249MUX Protocol | $2.01 | 0.50% | −2.43% | 6.91% | $7.68 M | $9.65 M | $866.36 | |||
1273 PIKA 1273Pika Protocol | $0.3907 | 5.65% | 25.10% | 38.84% | $7.42 M | $39.07 M | $27.44 | |||
1354 LV 1354leverup | $0.0697 | 6.48% | 29.29% | 22.97% | $6.27 M | $69.70 M | $4,376.14 | |||
1548 BLUE 1548Bluefin | $0.00819 | 7.07% | 6.50% | −13.77% | $4.48 M | $8.13 M | $853,387.00 | |||
1566 MKL 1566Merkle Trade | $0.04363 | −0.45% | −1.25% | 40.36% | $4.36 M | $4.36 M | $6.60 | |||
1780 VOOI 1780VOOI | $0.008784 | 0.55% | 5.88% | 12.67% | $3.03 M | $8.80 M | $168,657.27 | |||
1938 PERP 1938Perpetual Protocol | $0.01852 | 6.00% | 0.54% | −5.54% | $2.45 M | $2.78 M | $56,042.94 | |||
2062 FT 2062Flying Tulip | $0.099 | 0.93% | 1.07% | 9.29% | $2.05 M | $990.00 M | $164,869.00 | |||
2150 GS 2150GammaSwap | $0.005002 | 4.85% | 18.78% | −3.84% | $1.80 M | $8.00 M | $1,236.14 | |||
2493 SUP 2493Superp | $0.003146 | −14.51% | −10.84% | −65.70% | $1.19 M | $3.15 M | $22,274.06 | |||
2710 TANGO 2710Contango | $0.002007 | 0.69% | 19.13% | −16.12% | $918,740.33 | $2.01 M | $222.81 | |||
2989 KILO 2989KiloEx | $0.003234 | 3.42% | 6.10% | −2.86% | $684,637.79 | $3.23 M | $2,949.15 | |||
3016 KUMA 3016Kuma | $0.0006599 | 3.15% | −9.00% | −49.32% | $659,900.00 | $659,900.00 | $25,204.92 | |||
3104 AARK 3104Aark Digital | $0.0009788 | 7.99% | 10.75% | 8.87% | $601,709.37 | $676,076.19 | $4,009.26 | |||
3445 3445 Nemesis | $0.0004299 | −6.20% | 82.19% | 49.11% | $429,595.08 | $429,900.00 | $4,732.22 | |||
3797 OVL 3797Overlay Protocol | $0.006219 | 0.37% | −0.21% | −13.99% | $310,806.95 | $504,601.70 | $62,230.77 | |||
4003 LN 4003Lnfi Network | $0.002779 | 12.65% | −18.67% | −52.65% | $260,212.92 | $416,849.99 | $23,710.00 | |||
4381 FAF 4381Flash.Trade | $0.0001595 | −0.72% | −17.63% | −94.69% | $191,399.50 | $191,399.50 | $840.27 | |||
4409 CYB 4409Cyberperp | $0.04461 | 24.65% | 24.65% | 22.37% | $187,486.36 | $446,099.99 | $1.23 | |||
4699 CYDX 4699CyberDEX | $0.0004425 | 9.42% | −99.76% | −99.76% | $153,728.36 | $708,000.00 | $3,977.88 | |||
5085 NAVI 5085Navigator Exchange | $0.03047 | 4.63% | 66.29% | 31.99% | $114,763.21 | $32,298.29 | $495.76 | |||
5230 STRPNK 5230Strategy Punks | $0.0001025 | −0.74% | −4.36% | 47.69% | $102,500.00 | $102,500.00 | $1,378.91 | |||
5625 LVL 5625Level | $0.004497 | 2.91% | −12.85% | −41.33% | $78,285.89 | $210,190.13 | $208.51 | |||
6081 ADX 6081Adrena | $0.00005694 | 3.64% | −35.32% | −51.01% | $56,253.72 | $56,660.11 | $31.50 | |||
6231 QTO 6231Quanto | $0.0000524 | 6.25% | 17.03% | 4.81% | $50,492.24 | $51,403.21 | $40.14 | |||
6913 NFI 6913NetherFi | $0.0001188 | 27.27% | 27.27% | 26.32% | $32,143.57 | $47,520.00 | $1.67 | |||
7305 BSX 7305BSX | $0.0001313 | 5.27% | 19.60% | 13.35% | $24,878.42 | $131,037.40 | $1.04 | |||
7671 NL 7671Niggaliquid | $0.00001932 | 4.20% | 19.86% | 25.97% | $19,320.00 | $19,320.00 | $0.016038 | |||
9513 LOGX 9513LogX Network | $0.00003643 | 56.22% | 54.96% | 74.59% | $4,735.90 | $36,430.00 | $28,998.70 | |||
9751 UND 9751Unstoppable DeFi | $0.0001201 | 1.83% | 28.93% | 28.93% | $3,603.00 | $12,010.00 | $2.55 | |||
9875 PUMPPERPS 9875PumpPerps | $0.00000305 | 0.33% | 16.86% | 4.10% | $3,033.89 | $3,033.89 | $4.12 | |||
10105 UNW 10105Uniwhale | $0.0001159 | 5.50% | 12.72% | −43.97% | $970.42 | $1,860.41 | $8.44 | |||
10442 FST 10442Futureswap | $0.0₈861 | −15.64% | −15.64% | −16.27% | -- | $0.029486 | $1.27 | |||
11477 PRY 11477Perpy Finance | $0.0001956 | 1.82% | 49.59% | 49.59% | -- | $67,785.40 | $2.88 |
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.