Perpetual DEXs pre-token venues worth farming, updated for 2026.
These perpetual DEXs have not launched a token yet, so trading now may position you for a potential future airdrop. Never guaranteed, always DYOR. Estimate value with MoonMath.
| # | Perp DEX | Metric | Chain | Leverage |
|---|---|---|---|---|
| 1 | Pacifica no token | $522M 24h | Solana | 50x |
| 2 | Nado no token | $347M 24h | Ink (Kraken L2) | 20x |
| 3 | StandX no token | $289M 24h | BNB Chain and Solana | 25x |
| 4 | Extended no token | $110M 24h | Starknet L2 | 50x |
| 5 | RISEx no token | $87M 24h | RISE L2 | 25x |
| 6 | Ostium no token | $80M 24h | Arbitrum | 200x |
| 7 | Arcus no token | $75M 24h | Robinhood Chain (Arbitrum L2) | 50x |
| 8 | Phoenix no token | $45M 24h | Solana | 25x |
| 9 | Perpl no token | $43M 24h | Monad | n/a |
| 10 | Decibel no token | $25M 24h | Aptos | 40x |
| 11 | Hibachi no token | $24M 24h | Base (Celestia DA, ZK) | n/a |
| 12 | Paradex no token | $21M 24h | Starknet appchain | 50x |
| 13 | Vest no token | n/a 24h | zkRisk appchain | 50x |
| 14 | Variational no token | n/a 24h | Arbitrum | 50x |
| 15 | Aftermath no token | n/a 24h | Sui | n/a |
Pacifica tops this list. Pacifica is a decentralized perpetual exchange built on Solana, running an on-chain central limit orderbook across roughly 20 markets with up to 50x leverage. It offers cross and isolated margin and runs a points program ahead of any token. Read the full Pacifica guide →