Perpetual
0.96%
0.00%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $85.36 | 0.81% | −3.95% | 6.43% | $21.70 B | $81.17 B | $616.18 M | |||
45 ASTER 45Aster | $0.7136 | 2.33% | −0.27% | 0.89% | $1.93 B | $5.56 B | $71.80 M | |||
59 JUP 59Jupiter | $0.3664 | −2.88% | 11.40% | 65.14% | $1.22 B | $2.51 B | $64.37 M | |||
72 LIT 72Lighter | $3.63 | 1.40% | −0.24% | −19.75% | $907.50 M | $3.63 B | $63.59 M | |||
120 SUN 120Sun Token | $0.01688 | 0.34% | −1.51% | 0.42% | $324.47 M | $324.47 M | $16.03 M | |||
122 DRV 122Derive | $0.5499 | 6.25% | 42.64% | 268.54% | $319.44 M | $549.90 M | $28.25 M | |||
128 BP 128Backpack | $1.19 | −3.80% | −1.51% | 111.14% | $299.75 M | $1.20 B | $8.14 M | |||
213 EDGE 213edgeX | $0.357 | −1.06% | −24.54% | −33.89% | $124.95 M | $357.00 M | $3.48 M | |||
218 DYDX 218dYdX | $0.1397 | 1.73% | −7.55% | 24.30% | $118.20 M | $133.88 M | $4.92 M | |||
223 GENIUS 223Genius | $0.3432 | 1.95% | 5.53% | 19.18% | $115.10 M | $327.40 M | $2.97 M | |||
262 GMX 262GMX | $8.63 | 1.04% | 6.88% | 14.95% | $90.36 M | $90.36 M | $1.72 M | |||
290 O 290o1.exchange | $0.4855 | 6.01% | −4.78% | −9.92% | $77.68 M | $485.50 M | $11.68 M | |||
389 DIME 389Paradex | $0.07551 | 31.74% | 89.96% | 697.32% | $50.50 M | $75.51 M | $190,901.44 | |||
408 AVNT 408Veranta (formerly Avantis) | $0.1346 | −0.49% | 5.16% | 36.09% | $47.79 M | $134.60 M | $6.39 M | |||
484 APEX 484ApeX | $0.2426 | 4.46% | 7.31% | 7.26% | $37.63 M | $121.30 M | $1.41 M | |||
507 RTX 507RateX | $0.6645 | −3.56% | −4.79% | −5.34% | $11.07 M | $66.45 M | $13,349.44 | |||
666 GRVT 666GRVT | $0.2302 | 1.89% | 8.83% | 36.67% | $26.31 M | $230.20 M | $3.40 M | |||
701 AEVO 701Aevo | $0.02611 | −3.92% | −1.52% | 20.05% | $24.35 M | $26.11 M | $4.62 M | |||
879 F 879SynFutures | $0.003252 | 2.10% | −5.77% | 2.70% | $16.51 M | $32.52 M | $716,238.00 | |||
889 FUL 889Fulcrom | $0.0009619 | 1.21% | −9.44% | −13.17% | $16.07 M | $19.24 M | $3,963.54 | |||
893 MYX 893MYX Finance | $0.06808 | 5.04% | −5.04% | 14.50% | $16.01 M | $68.08 M | $4.30 M | |||
897 BASED 897Based | $0.06786 | 1.46% | 10.21% | 14.25% | $15.95 M | $67.86 M | $5.69 M | |||
914 ORDER 914Orderly | $0.03746 | 3.34% | −4.70% | 2.59% | $15.42 M | $37.46 M | $2.16 M | |||
1004 ROLL 1004RollX | $0.08321 | −2.72% | −2.02% | −29.01% | $12.90 M | $83.21 M | $62,452.27 | |||
1068 DRIFT 1068Drift Protocol | $0.01881 | 1.38% | −6.29% | 61.44% | $11.50 M | $18.81 M | $1.43 M | |||
1155 INX 1155Infinex | $0.00495 | 3.45% | −17.75% | −8.47% | $9.87 M | $49.50 M | $223,298.13 | |||
1184 GNS 1184Gains Network | $0.4013 | 5.34% | −3.91% | −10.17% | $9.38 M | $9.38 M | $334,072.53 | |||
1189 THE 1189THENA | $0.06966 | 4.19% | −5.35% | 5.21% | $9.28 M | $19.82 M | $3.24 M | |||
1210 MCB 1210MUX Protocol | $2.35 | −0.42% | −4.08% | 0.00% | $8.98 M | $11.29 M | $259.73 | |||
1230 BUBI 1230Bullbit | $0.03026 | 0.62% | −19.42% | −37.00% | $8.58 M | $121.04 M | $7.03 M | |||
1291 PIKA 1291Pika Protocol | $0.408 | 0.72% | −8.00% | 0.69% | $7.75 M | $40.80 M | $8.56 | |||
1459 LV 1459leverup | $0.06104 | −0.12% | −25.49% | 4.32% | $5.49 M | $61.04 M | $32.28 | |||
1466 BLUE 1466Bluefin | $0.009026 | 3.13% | −7.30% | −3.56% | $5.45 M | $9.03 M | $80,623.04 | |||
1713 FT 1713Flying Tulip | $0.1522 | 2.33% | 19.53% | 47.22% | $3.69 M | $78.75 M | $5,022.21 | |||
1881 PERP 1881Perpetual Protocol | $0.0213 | 2.33% | 4.47% | 9.24% | $2.81 M | $3.20 M | $57,047.89 | |||
1902 VOOI 1902VOOI | $0.007851 | 3.57% | 2.74% | −7.95% | $2.71 M | $7.85 M | $97,157.58 | |||
2042 MKL 2042Merkle Trade | $0.02202 | 0.07% | 0.21% | −42.94% | $2.20 M | $2.20 M | $0.57 | |||
2597 TANGO 2597Contango | $0.002374 | 5.75% | −4.63% | −5.43% | $1.08 M | $2.37 M | $223.12 | |||
2724 GS 2724GammaSwap | $0.002162 | 0.88% | −6.27% | −26.31% | $924,865.51 | $3.46 M | $4.86 | |||
3023 KILO 3023KiloEx | $0.003178 | −2.47% | −1.34% | 4.69% | $672,782.60 | $3.18 M | $8,437.85 | |||
3075 3075 Nemesis | $0.0006358 | −14.57% | −25.39% | 41.34% | $635,349.04 | $635,800.00 | $9,015.42 | |||
3146 SUP 3146Superp | $0.0009919 | 129.05% | −56.31% | −76.54% | $591,331.25 | $991,900.00 | $130,960.56 | |||
3158 AARK 3158Aark Digital | $0.0009359 | −6.46% | 357.54% | 4.37% | $585,249.13 | $656,191.92 | $5,702.78 | |||
3288 KUMA 3288Kuma | $0.0005056 | −17.46% | −45.35% | −46.28% | $505,600.00 | $505,600.00 | $71,111.37 | |||
3402 CYDX 3402CyberDEX | $0.001303 | 4.44% | −77.05% | 238.24% | $455,149.27 | $2.08 M | $877.64 | |||
3839 OVL 3839Overlay Protocol | $0.005542 | 0.62% | −2.75% | −9.31% | $297,133.46 | $448,180.01 | $178.83 | |||
4051 LN 4051Lnfi Network | $0.002483 | 14.51% | 29.86% | 25.73% | $244,911.83 | $372,450.00 | $25,104.00 | |||
4219 PUNKSR 4219V1 Punk Strategic Reserve | $0.0003463 | −0.33% | −16.22% | −1.60% | $214,380.23 | $328,191.46 | $359.86 | |||
4465 NAVI 4465Navigator Exchange | $0.04659 | 5.07% | 23.72% | 47.02% | $175,478.12 | $49,385.53 | $126.23 | |||
4953 STRPNK 4953Strategy Punks | $0.0001178 | 3.26% | −45.35% | 70.72% | $117,800.00 | $117,800.00 | $526.86 | |||
5232 FAF 5232Flash.Trade | $0.00008034 | −0.92% | −4.25% | −29.46% | $96,406.91 | $96,406.89 | $164.42 | |||
5436 LVL 5436Level | $0.00474 | 0.23% | −3.38% | 2.42% | $82,516.15 | $221,547.96 | $3,042.29 | |||
5909 QTO 5909Quanto | $0.00006069 | 0.33% | −9.13% | 8.52% | $58,479.90 | $59,535.51 | $2.46 | |||
7599 NL 7599Niggaliquid | $0.00001766 | −0.93% | −12.51% | −16.80% | $17,660.00 | $17,660.00 | $0.016016 | |||
8278 ADX 8278Adrena | $0.00001129 | 0.03% | −9.82% | 164.33% | $11,153.80 | $11,234.02 | $0.4667 | |||
8638 BSX 8638BSX | $0.00004684 | 0.50% | −20.59% | −61.41% | $8,875.13 | $46,746.32 | $19.61 | |||
9320 LOGX 9320LogX Network | $0.00004109 | 0.78% | 15.39% | 46.23% | $5,341.70 | $41,090.00 | $3,985.44 | |||
9351 PDGN 9351Degen Perp Dex | $0.0000052 | −0.32% | −3.69% | 1.83% | $5,200.00 | $5,200.00 | $1.01 | |||
9398 PERPEX 9398Perpex | $0.00000515 | −2.88% | −17.43% | −97.45% | $4,914.12 | $4,914.12 | $120.47 | |||
9607 PUMPPERPS 9607PumpPerps | $0.00000393 | −0.76% | −3.20% | 11.97% | $3,909.23 | $3,909.23 | $109.24 | |||
9925 UNW 9925Uniwhale | $0.0001116 | 2.17% | −4.94% | 5.24% | $934.42 | $1,791.39 | $3.52 | |||
12124 TMX 12124TMX | $0.9154 | −5.49% | −10.72% | 522.32% | -- | -- | $95.43 |
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.