Perpetual DEXs ranked by 24h trading volume, updated for 2026.
The best perp DEX depends on what you value, but volume is the clearest proxy for liquidity and trust. Here are the top perpetual DEXs by listed 24h volume.
| # | Perp DEX | Metric | Chain | Leverage |
|---|---|---|---|---|
| 1 | Hyperliquid | $2.90B 24h | Hyperliquid L1 | 50x |
| 2 | ApeX Protocol | $1.30B 24h | Multichain (zkLink) | 100x |
| 3 | edgeX | $1.22B 24h | zk rollup (Ethereum L2) | 100x |
| 4 | Aster | $1.20B 24h | BNB, Ethereum, Solana | 100x |
| 5 | Lighter | $1.00B 24h | zk rollup (Ethereum L2) | 50x |
| 6 | Jupiter | $640M 24h | Solana | 100x |
| 7 | Pacifica no token | $522M 24h | Solana | 50x |
| 8 | GRVT | $503M 24h | zkSync L2 | 50x |
| 9 | Nado no token | $347M 24h | Ink (Kraken L2) | 20x |
| 10 | StandX no token | $289M 24h | BNB Chain and Solana | 25x |
| 11 | Drift | $280M 24h | Solana | 20x |
| 12 | GMX | $175M 24h | Arbitrum | 100x |
| 13 | Ondo | $173M 24h | Ondo Chain | 20x |
| 14 | Bluefin | $120M 24h | Sui | 50x |
| 15 | Extended no token | $110M 24h | Starknet L2 | 50x |
| 16 | RISEx no token | $87M 24h | RISE L2 | 25x |
| 17 | Ostium no token | $80M 24h | Arbitrum | 200x |
| 18 | Arcus no token | $75M 24h | Robinhood Chain (Arbitrum L2) | 50x |
| 19 | Phoenix no token | $45M 24h | Solana | 25x |
| 20 | Perpl no token | $43M 24h | Monad | n/a |
| 21 | dYdX | $39M 24h | dYdX Chain (Cosmos) | 100x |
| 22 | Decibel no token | $25M 24h | Aptos | 40x |
| 23 | Hibachi no token | $24M 24h | Base (Celestia DA, ZK) | n/a |
| 24 | Paradex no token | $21M 24h | Starknet appchain | 50x |
| 25 | Gains Network | n/a 24h | Arbitrum, Base, Polygon | 150x |
| 26 | Avantis | n/a 24h | Base (Coinbase L2) | 500x |
| 27 | Reya | n/a 24h | Reya Network (Ethereum L2) | n/a |
| 28 | Vest no token | n/a 24h | zkRisk appchain | 50x |
| 29 | Variational no token | n/a 24h | Arbitrum | 50x |
| 30 | Aftermath no token | n/a 24h | Sui | n/a |
Hyperliquid tops this list. Hyperliquid is a perpetual futures DEX built on a purpose-made layer-1 chain, designed so a fully onchain central limit order book can match orders with near-CEX speed. It is the clear volume leader in onchain perps, and its HYPE token launched via one of the largest airdrops in the space. Read the full Hyperliquid guide →