Perpetual
0.94%
−0.04%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $65.86 | −5.74% | 0.49% | 12.64% | $16.66 B | $62.75 B | $255.32 M | |||
40 ASTER 40Aster | $0.635 | −2.66% | −0.32% | −7.83% | $1.71 B | $4.96 B | $40.26 M | |||
69 JUP 69Jupiter | $0.2123 | −2.57% | 14.10% | −0.27% | $708.89 M | $1.47 B | $40.11 M | |||
90 LIT 90Lighter | $1.62 | 1.65% | −4.28% | 13.70% | $406.00 M | $1.62 B | $27.34 M | |||
105 SUN 105Sun Token | $0.01729 | 0.13% | 1.67% | −14.20% | $332.51 M | $332.51 M | $58.02 M | |||
165 BP 165Backpack | $0.631 | −6.84% | 39.56% | 365.77% | $157.75 M | $631.00 M | $8.43 M | |||
173 GENIUS 173Genius | $0.4212 | 0.18% | −12.49% | −3.72% | $141.09 M | $401.34 M | $13.21 M | |||
178 EDGE 178edgeX | $0.3887 | −1.50% | 3.17% | −72.89% | $136.15 M | $389.00 M | $3.02 M | |||
190 FT 190Flying Tulip | $0.09883 | −1.84% | −4.92% | 4.38% | $121.18 M | $988.30 M | $314,365.00 | |||
193 O 193o1.exchange | $0.7327 | 5.29% | 15.66% | 11.25% | $117.23 M | $732.70 M | $28.52 M | |||
215 DYDX 215dYdX | $0.1202 | 0.42% | −3.11% | −22.67% | $101.46 M | $115.19 M | $13.40 M | |||
313 GMX 313GMX | $5.84 | −3.39% | 0.34% | −17.30% | $60.96 M | $60.96 M | $1.70 M | |||
343 DRV 343Derive | $0.09181 | −7.10% | −9.41% | 5.81% | $53.33 M | $91.81 M | $390,961.00 | |||
439 APEX 439ApeX | $0.2833 | −1.59% | −5.38% | −28.34% | $39.26 M | $141.65 M | $916,620.21 | |||
480 AVNT 480Avantis | $0.1077 | −2.12% | −5.63% | −30.52% | $34.92 M | $107.70 M | $4.16 M | |||
501 RTX 501RateX | $1.01 | −0.42% | 12.64% | −23.13% | $16.83 M | $101.00 M | $446,181.36 | |||
680 BASED 680Based | $0.09015 | −0.41% | 20.76% | 11.27% | $21.13 M | $89.93 M | $11.52 M | |||
705 MYX 705MYX Finance | $0.1057 | −10.10% | −38.38% | −41.82% | $20.16 M | $105.70 M | $13.83 M | |||
759 AEVO 759Aevo | $0.01936 | −0.85% | −4.48% | −25.79% | $17.74 M | $19.34 M | $4.48 M | |||
792 F 792SynFutures | $0.00376 | −1.89% | −5.95% | −30.11% | $16.12 M | $37.60 M | $2.73 M | |||
794 INX 794Infinex | $0.008032 | 2.07% | 1.25% | −22.40% | $16.02 M | $80.32 M | $580,953.54 | |||
832 ORDER 832Orderly | $0.03839 | 0.29% | −6.67% | −30.42% | $15.05 M | $38.39 M | $4.90 M | |||
837 FUL 837Fulcrom | $0.0008978 | 1.75% | −5.06% | −17.68% | $14.99 M | $17.96 M | $545.15 | |||
885 GNS 885Gains Network | $0.574 | −1.99% | −4.04% | 22.55% | $13.46 M | $13.46 M | $798,766.91 | |||
925 ROLL 925RollX | $0.08091 | −1.02% | 3.56% | 31.12% | $12.54 M | $80.91 M | $136,439.61 | |||
945 DRIFT 945Drift Protocol | $0.01988 | 13.98% | 17.48% | −26.78% | $12.16 M | $19.88 M | $12.63 M | |||
1110 THE 1110THENA | $0.0641 | −1.13% | −7.25% | −33.10% | $8.56 M | $18.28 M | $3.03 M | |||
1152 MCB 1152MUX Protocol | $2.06 | 0.49% | −0.96% | 59.69% | $7.87 M | $9.89 M | $50.49 | |||
1302 BLUE 1302Bluefin | $0.01155 | 6.17% | −6.17% | −34.24% | $6.07 M | $11.55 M | $885,833.96 | |||
1504 LV 1504leverup | $0.04894 | 0.82% | −7.06% | −20.53% | $4.40 M | $48.94 M | $12,812.87 | |||
1621 FAF 1621Flash.Trade | $0.003537 | −4.28% | 11.68% | −11.95% | $3.54 M | $3.54 M | $9,984.46 | |||
1657 MKL 1657Merkle Trade | $0.03305 | 0.57% | −6.15% | −25.41% | $3.31 M | $3.31 M | $0.73 | |||
1688 DIME 1688Paradex | $0.01437 | 19.70% | 24.46% | −36.57% | $3.18 M | $14.37 M | $3,975.14 | |||
1791 CYDX 1791CyberDEX | $0.008045 | 0.72% | 1175.05% | 1499.75% | $2.79 M | $12.87 M | $31,620.00 | |||
2057 GS 2057GammaSwap | $0.00543 | −8.69% | −9.30% | −48.63% | $1.93 M | $8.69 M | $44,683.00 | |||
2191 VOOI 2191VOOI | $0.005079 | −0.09% | 1.95% | −4.90% | $1.60 M | $5.08 M | $184,789.99 | |||
2312 KUMA 2312Kuma | $0.001378 | 1.59% | −6.81% | −20.56% | $1.38 M | $1.38 M | $30,204.69 | |||
2314 PERP 2314Perpetual Protocol | $0.01896 | −2.57% | −1.16% | −21.89% | $1.38 M | $2.84 M | $102,332.00 | |||
2732 SUP 2732Superp | $0.00477 | −53.00% | 16.64% | −30.67% | $834,750.00 | $4.77 M | $1.86 M | |||
2791 KILO 2791KiloEx | $0.003733 | −1.60% | −15.90% | −35.72% | $790,276.10 | $3.73 M | $130,406.22 | |||
2861 TANGO 2861Contango | $0.001588 | −2.28% | −20.65% | −62.80% | $728,208.80 | $1.59 M | $60.41 | |||
2954 AARK 2954Aark Digital | $0.001108 | 1.33% | −8.59% | −22.39% | $669,208.27 | $753,606.58 | $175.55 | |||
3337 LN 3337Lnfi Network | $0.005094 | 0.79% | 24.89% | −31.76% | $441,309.67 | $5.09 M | $42,954.00 | |||
3400 3400 Nemesis | $0.0004147 | −4.21% | −9.74% | 55.63% | $414,405.86 | $414,700.00 | $4,924.41 | |||
3508 OVL 3508Overlay Protocol | $0.007559 | 0.50% | −1.66% | 2.22% | $372,974.49 | $629,446.62 | $67,832.62 | |||
3590 CYB 3590Cyberperp | $0.08334 | −1.75% | −10.46% | −30.74% | $340,330.28 | $833,400.00 | $19.51 | |||
3863 ADX 3863Adrena | $0.000261 | −10.01% | −19.26% | −61.89% | $257,854.67 | $259,717.44 | $318.74 | |||
4557 LVL 4557Level | $0.007908 | −0.15% | −4.18% | −4.30% | $137,666.19 | $212,136.26 | $37.97 | |||
5080 STRPNK 5080Strategy Punks | $0.00008997 | 0.00% | 8.18% | −0.78% | $89,970.00 | $89,970.00 | $89.97 | |||
5757 NAVI 5757Navigator Exchange | $0.01393 | −9.21% | −34.24% | −64.52% | $52,466.41 | $14,765.84 | $18.16 | |||
5876 QTO 5876Quanto | $0.00004855 | 0.08% | 0.99% | −25.63% | $46,782.42 | $46,782.42 | $68.83 | |||
6650 BSX 6650BSX | $0.00008518 | −0.08% | −7.78% | −54.32% | $24,084.73 | $85,009.63 | $5.51 | |||
6682 NFI 6682NetherFi | $0.00008637 | −0.22% | −44.17% | −44.17% | $23,369.03 | $34,548.00 | $48.20 | |||
7860 UNW 7860Uniwhale | $0.0009527 | −0.13% | 0.65% | 0.61% | $7,976.92 | $15,292.68 | $76.74 | |||
8605 LOGX 8605LogX Network | $0.00002633 | −12.58% | −47.34% | −44.45% | $3,422.90 | $26,330.00 | $5,653.99 | |||
8719 PUMPPERPS 8719PumpPerps | $0.00000291 | −3.64% | 1.75% | −22.81% | $2,894.75 | $2,894.75 | $15.69 | |||
10073 DPEX 10073DPEX | $0.0000105 | 0.57% | 1.06% | −1.50% | -- | $13,125.00 | $1.64 | |||
10522 ZEEP 10522Zeepr | $0.0₅11 | 10.99% | 10.99% | −25.12% | -- | $11,000.00 | $0.080447 |
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.