Perpetual DEXs the most recently launched venues, updated for 2026.
The newest perpetual DEXs we track, most recent first. Newer venues are often pre-token, which can mean airdrop upside but also less track record.
| # | Perp DEX | Metric | Chain | Leverage |
|---|---|---|---|---|
| 1 | Arcus no token | Launched 2026 | Robinhood Chain (Arbitrum L2) | 50x |
| 2 | Ondo | Launched 2026 | Ondo Chain | 20x |
| 3 | Perpl no token | Launched 2026 | Monad | n/a |
| 4 | Decibel no token | Launched 2026 | Aptos | 40x |
| 5 | Pacifica no token | Launched 2025 | Solana | 50x |
| 6 | RISEx no token | Launched 2025 | RISE L2 | 25x |
| 7 | Hibachi no token | Launched 2025 | Base (Celestia DA, ZK) | n/a |
| 8 | Variational no token | Launched 2025 | Arbitrum | 50x |
| 9 | Nado no token | Launched 2025 | Ink (Kraken L2) | 20x |
| 10 | Aftermath no token | Launched 2025 | Sui | n/a |
| 11 | Phoenix no token | Launched 2025 | Solana | 25x |
| 12 | Aster | Launched 2024 | BNB, Ethereum, Solana | 100x |
| 13 | Lighter | Launched 2024 | zk rollup (Ethereum L2) | 50x |
| 14 | edgeX | Launched 2024 | zk rollup (Ethereum L2) | 100x |
| 15 | Extended no token | Launched 2024 | Starknet L2 | 50x |
| 16 | GRVT | Launched 2024 | zkSync L2 | 50x |
| 17 | Ostium no token | Launched 2024 | Arbitrum | 200x |
| 18 | Paradex no token | Launched 2024 | Starknet appchain | 50x |
| 19 | Avantis | Launched 2024 | Base (Coinbase L2) | 500x |
| 20 | Reya | Launched 2024 | Reya Network (Ethereum L2) | n/a |
| 21 | Vest no token | Launched 2024 | zkRisk appchain | 50x |
| 22 | StandX no token | Launched 2024 | BNB Chain and Solana | 25x |
| 23 | Hyperliquid | Launched 2023 | Hyperliquid L1 | 50x |
| 24 | Jupiter | Launched 2023 | Solana | 100x |
| 25 | Bluefin | Launched 2023 | Sui | 50x |
| 26 | Drift | Launched 2022 | Solana | 20x |
| 27 | ApeX Protocol | Launched 2022 | Multichain (zkLink) | 100x |
| 28 | GMX | Launched 2021 | Arbitrum | 100x |
| 29 | Gains Network | Launched 2021 | Arbitrum, Base, Polygon | 150x |
| 30 | dYdX | Launched 2017 | dYdX Chain (Cosmos) | 100x |
Arcus tops this list. Arcus is a self-custodial DEX on Robinhood Chain, incubated by dYdX Labs and backed by Robinhood Crypto, that lets non-US users trade tokenized stocks and cross-margined perpetuals around the clock. It uses the Paxos-issued USDG stablecoin as collateral. Read the full Arcus guide →