The ten largest perpetual-futures DEXs by tracked 24h trading volume, with fees, leverage, chain and token status side by side. Updated for 2026.
A perpetual DEX lets you trade with leverage straight from your own wallet, with no signup and no custody. This list ranks the market leaders by 24h volume, the clearest proxy for liquidity and depth. For always-current numbers see the live rankings, and open any venue's guide for the full breakdown.
| # | Perp DEX | 24h volume | Fees (m/t) | Max lev | Chain | Token |
|---|---|---|---|---|---|---|
| 1 | Hyperliquid | $2.90B | 1.5 / 4.5 bps | 50x | Hyperliquid L1 | $HYPE |
| 2 | ApeX Protocol | $1.30B | 2 / 5 bps | 100x | Multichain (zkLink) | $APEX |
| 3 | edgeX | $1.22B | 0.8 / 3.8 bps | 100x | zk rollup (Ethereum L2) | $EDGE |
| 4 | Aster | $1.20B | 0.8 / 3.5 bps | 100x | BNB, Ethereum, Solana | $ASTER |
| 5 | Lighter | $1.00B | 0 / 2 bps | 50x | zk rollup (Ethereum L2) | $LIT |
| 6 | Jupiter | $640M | 0 / 6 bps | 100x | Solana | $JUP |
| 7 | Pacifica | $522M | 0.75 / 2 bps | 50x | Solana | no token |
| 8 | GRVT | $503M | 0.5 / 3.5 bps | 50x | zkSync L2 | $GRVT |
| 9 | Nado | $347M | 1 / 3.5 bps | 20x | Ink (Kraken L2) | no token |
| 10 | StandX | $289M | 1 / 4 bps | 25x | BNB Chain and Solana | no token |
Hyperliquid is the largest onchain perpetuals exchange, a high-performance orderbook running on its own layer-1. It runs an orderbook on Hyperliquid L1 with up to 50x leverage and roughly 1.5 / 4.5 bps fees. Read the Hyperliquid guide, or trade on Hyperliquid ↗.
ApeX Protocol is a multichain, zk-powered orderbook perp DEX from a Bybit-backed team. It runs an orderbook on Multichain (zkLink) with up to 100x leverage and roughly 2 / 5 bps fees. Read the ApeX Protocol guide, or trade on ApeX Protocol ↗.
edgeX is an Amber-Group-backed zk orderbook perp DEX with a CEX-like feel and 100x leverage. It runs an orderbook on zk rollup (Ethereum L2) with up to 100x leverage and roughly 0.8 / 3.8 bps fees. Read the edgeX guide, or trade on edgeX ↗.
Aster is a multi-chain perp DEX with hundreds of markets and up to 100x leverage. It runs an orderbook on BNB, Ethereum, Solana with up to 100x leverage and roughly 0.8 / 3.5 bps fees. Read the Aster guide, or trade on Aster ↗.
Lighter is a near zero-fee zk-rollup perp DEX popular with fee-sensitive and high-frequency traders. It runs an orderbook on zk rollup (Ethereum L2) with up to 50x leverage and roughly 0 / 2 bps fees. Read the Lighter guide, or trade on Lighter ↗.
Jupiter is Solana's dominant pool-based perps venue, offering up to 100x on a handful of major assets. It runs an amm / pool on Solana with up to 100x leverage and roughly 0 / 6 bps fees. Read the Jupiter guide, or trade on Jupiter ↗.
Pacifica is a Solana-native orderbook perp DEX with up to 50x leverage and a pre-token points program. It runs an orderbook on Solana with up to 50x leverage and roughly 0.75 / 2 bps fees. Read the Pacifica guide, or trade on Pacifica ↗.
GRVT is a hybrid CEX-DEX on zkSync that blends a familiar exchange experience with self-custody. It runs an orderbook on zkSync L2 with up to 50x leverage and roughly 0.5 / 3.5 bps fees. Read the GRVT guide, or trade on GRVT ↗.
Nado is a CLOB perp and spot DEX on Ink with unified margin, built by the former Vertex team. It runs an orderbook on Ink (Kraken L2) with up to 20x leverage and roughly 1 / 3.5 bps fees. Read the Nado guide, or trade on Nado ↗.
StandX is an orderbook perp DEX on BNB Chain and Solana that uses a yield-bearing DUSD stablecoin as collateral. It runs an orderbook on BNB Chain and Solana with up to 25x leverage and roughly 1 / 4 bps fees. Read the StandX guide, or trade on StandX ↗.
Volume shows where the liquidity is, but the right venue depends on what you value: the lowest fees, the highest leverage, a pre-token venue to farm a possible airdrop, or a specific chain. You can compare any two head to head from the wiki.