Perpetual
0.94%
−0.01%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
10 HYPE 10Hyperliquid | $86.04 | −1.44% | −9.47% | 3.10% | $21.60 B | $81.81 B | $287.45 M | |||
44 ASTER 44Aster | $0.7745 | 7.57% | 12.06% | 10.77% | $2.09 B | $6.02 B | $162.17 M | |||
64 JUP 64Jupiter | $0.3247 | −0.03% | 12.63% | 47.43% | $1.08 B | $2.23 B | $85.52 M | |||
69 LIT 69Lighter | $4.00 | −11.64% | −26.28% | 10.32% | $1.00 B | $3.97 B | $253.92 M | |||
117 SUN 117Sun Token | $0.01722 | 0.68% | 0.61% | 2.81% | $331.01 M | $331.39 M | $15.97 M | |||
132 BP 132Backpack | $1.10 | −9.09% | 36.33% | 166.91% | $276.75 M | $1.11 B | $9.96 M | |||
155 DRV 155Derive | $0.3758 | −2.27% | −17.41% | 134.74% | $218.33 M | $376.60 M | $12.29 M | |||
167 EDGE 167edgeX | $0.5194 | −4.14% | −6.62% | 42.57% | $181.79 M | $521.00 M | $2.42 M | |||
212 DYDX 212dYdX | $0.1449 | 5.10% | 11.63% | 31.61% | $122.61 M | $139.25 M | $10.97 M | |||
222 GENIUS 222Genius | $0.3216 | 0.13% | −4.28% | 13.31% | $107.86 M | $306.32 M | $1.99 M | |||
261 O 261o1.exchange | $0.5506 | −2.52% | 1.23% | 0.80% | $88.10 M | $550.60 M | $5.01 M | |||
274 GMX 274GMX | $7.96 | 0.62% | −1.72% | 2.45% | $83.27 M | $83.37 M | $1.03 M | |||
434 AVNT 434Veranta (formerly Avantis) | $0.1267 | 0.35% | 12.17% | 25.49% | $44.95 M | $127.30 M | $5.10 M | |||
440 APEX 440ApeX | $0.2819 | −0.07% | 14.28% | 5.91% | $43.72 M | $139.95 M | $2.62 M | |||
507 RTX 507RateX | $0.6967 | −0.39% | −1.35% | −12.32% | $11.61 M | $69.67 M | $12,628.84 | |||
647 DIME 647Paradex | $0.04219 | 6.41% | −13.23% | 199.56% | $28.20 M | $42.19 M | $22,247.00 | |||
710 AEVO 710Aevo | $0.02592 | −0.22% | 3.14% | 15.91% | $24.18 M | $25.95 M | $1.48 M | |||
719 GRVT 719GRVT | $0.2062 | 0.17% | 6.77% | 17.99% | $23.58 M | $206.50 M | $3.16 M | |||
806 FUL 806Fulcrom | $0.001158 | −1.19% | 12.89% | −6.78% | $19.35 M | $23.16 M | $8,558.37 | |||
857 F 857SynFutures | $0.003598 | 1.31% | −0.42% | 12.14% | $17.55 M | $36.07 M | $1.86 M | |||
861 MYX 861MYX Finance | $0.07406 | 0.13% | −3.07% | 3.59% | $17.42 M | $74.03 M | $4.72 M | |||
875 ORDER 875Orderly | $0.0404 | −1.05% | 3.36% | 17.29% | $16.55 M | $40.85 M | $3.12 M | |||
901 BASED 901Based | $0.06747 | −0.23% | 3.19% | −5.46% | $15.86 M | $67.79 M | $4.78 M | |||
1020 ROLL 1020RollX | $0.08263 | 1.58% | −1.13% | −39.98% | $12.81 M | $82.50 M | $135,126.15 | |||
1032 DRIFT 1032Drift Protocol | $0.02005 | 0.45% | 3.90% | 57.80% | $12.26 M | $20.05 M | $1.59 M | |||
1062 INX 1062Infinex | $0.005885 | 1.89% | −0.87% | −14.74% | $11.74 M | $58.89 M | $599,291.73 | |||
1069 GNS 1069Gains Network | $0.485 | 1.69% | 3.04% | −7.29% | $11.32 M | $11.43 M | $1.67 M | |||
1094 BUBI 1094Bullbit | $0.03879 | −2.35% | −10.70% | −19.08% | $11.00 M | $155.16 M | $14.86 M | |||
1132 THE 1132THENA | $0.0767 | −1.24% | −0.63% | 10.71% | $10.22 M | $21.93 M | $2.94 M | |||
1173 MCB 1173MUX Protocol | $2.54 | −0.39% | 17.05% | 30.26% | $9.71 M | $12.20 M | $1,103.70 | |||
1248 PIKA 1248Pika Protocol | $0.4434 | 0.00% | 1.41% | 9.76% | $8.42 M | $44.34 M | $20.99 | |||
1413 LV 1413leverup | $0.06948 | −0.48% | 12.06% | 0.95% | $6.25 M | $69.48 M | $288.30 | |||
1454 BLUE 1454Bluefin | $0.009775 | −3.84% | −0.19% | 2.45% | $5.90 M | $9.81 M | $2.04 M | |||
1879 PERP 1879Perpetual Protocol | $0.02201 | 3.02% | 3.19% | 6.83% | $2.91 M | $3.30 M | $50,965.11 | |||
1968 VOOI 1968VOOI | $0.007562 | −1.09% | −6.68% | −19.16% | $2.61 M | $7.56 M | $174,046.72 | |||
1985 FT 1985Flying Tulip | $0.1208 | 0.96% | 10.50% | 19.26% | $2.54 M | $1.21 B | $135,823.00 | |||
2073 MKL 2073Merkle Trade | $0.02197 | −2.35% | −2.11% | −48.11% | $2.20 M | $2.20 M | $13.14 | |||
2524 TANGO 2524Contango | $0.002791 | 7.25% | 25.93% | 79.55% | $1.27 M | $2.79 M | $445.30 | |||
2570 SUP 2570Superp | $0.002421 | −6.28% | 276.92% | 101.99% | $1.20 M | $2.42 M | $48,711.29 | |||
2711 GS 2711GammaSwap | $0.00235 | −3.43% | 0.44% | −42.46% | $1.01 M | $3.76 M | $6.19 | |||
2772 KUMA 2772Kuma | $0.000944 | 3.18% | 0.43% | 12.86% | $944,000.00 | $944,000.00 | $8,979.50 | |||
2860 2860 Nemesis | $0.0008583 | 4.66% | 21.03% | 121.20% | $857,691.23 | $858,300.00 | $13,739.59 | |||
3116 KILO 3116KiloEx | $0.003134 | 0.59% | 0.47% | −1.27% | $663,467.80 | $3.13 M | $545.05 | |||
3397 AARK 3397Aark Digital | $0.0008008 | 4.72% | 6.29% | −30.97% | $496,730.86 | $557,355.30 | $1,611.28 | |||
3914 OVL 3914Overlay Protocol | $0.005667 | 1.01% | −3.06% | −8.96% | $303,729.83 | $458,288.73 | $11.24 | |||
4181 STRPNK 4181Strategy Punks | $0.000246 | 4.13% | 37.56% | 401.55% | $246,000.00 | $246,000.00 | $125.79 | |||
4536 LN 4536Lnfi Network | $0.001919 | −1.05% | −0.05% | −22.90% | $185,443.43 | $287,850.00 | $15,428.62 | |||
4772 NAVI 4772Navigator Exchange | $0.04111 | 0.31% | −14.73% | 15.93% | $154,838.06 | $43,576.72 | $328.42 | |||
4786 CYDX 4786CyberDEX | $0.0004393 | −39.22% | −39.34% | −90.21% | $153,451.32 | $702,880.00 | $230.10 | |||
5337 FAF 5337Flash.Trade | $0.00008455 | −0.24% | −2.18% | −36.63% | $101,459.30 | $101,458.95 | $38.68 | |||
5481 CYB 5481Cyberperp | $0.02172 | −24.46% | −27.24% | −49.60% | $92,047.15 | $217,200.00 | $1,990.57 | |||
5603 LVL 5603Level | $0.004825 | 0.81% | −0.13% | 5.05% | $83,995.87 | $225,520.87 | $470.91 | |||
6003 QTO 6003Quanto | $0.00006559 | −0.45% | 2.52% | 10.25% | $63,201.51 | $64,342.30 | $2.44 | |||
8317 ADX 8317Adrena | $0.00001316 | 24.49% | −11.08% | 70.13% | $13,001.25 | $13,094.74 | $74.22 | |||
8437 BSX 8437BSX | $0.00006355 | 2.86% | 5.66% | −48.25% | $12,041.30 | $63,422.90 | $4.95 | |||
9159 PERC 9159Perpetual Exchange Protocol | $0.00000739 | −0.40% | 0.27% | 8.66% | $7,357.03 | $7,357.03 | $4.37 | |||
9411 PERPEX 9411Perpex | $0.0000062 | −3.76% | −28.24% | −96.92% | $5,916.05 | $5,916.05 | $59.73 | |||
9662 LOGX 9662LogX Network | $0.00003311 | −0.57% | 4.15% | −11.78% | $4,304.30 | $33,110.00 | $1,106.28 | |||
9704 PUMPPERPS 9704PumpPerps | $0.00000404 | −0.25% | −0.25% | 12.50% | $4,018.65 | $4,018.65 | $7.87 | |||
9996 UNW 9996Uniwhale | $0.0001152 | 0.22% | 0.11% | 6.08% | $964.56 | $1,849.18 | $2.46 | |||
12265 TMX 12265TMX | $1.03 | 605.46% | 605.46% | 605.46% | -- | -- | $239.50 |
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.