See the market.
Follow the evidence.
Perpetual venues, token mechanics and the data gaps between activity and holder benefit.
- ActivityVolume and open interest, each with its own source, scope and time.
- Token rightsWhat a project documents for its token, kept apart from what has been observed.
- Data gapsUnknown stays unknown. A missing figure is never shown as zero.
This desk keeps detailed token and evidence profiles for the venues below. Its 30-day volume column can rely on a dated manual baseline; for current open interest, volume and fees across every perp DEX use the daily directory.
Protocol activity
30-day volumeRanked by manual baseline checked 2026-09-22; source observation times unknown. Volume ranking ≠ quality ranking. A dated baseline does not become a live series. Read the method ↗
Order follows the 30-day volume basis only. Fees, token rights, coverage marks and referral status do not affect it.
How to read coverage marks
Coverage marks V volume · OI open interest · F fees · H holder flow · S supply · T token terms. Solid = observed; hatched = stale; double outline = source time unknown; half fill = some figures or a documented rule; dashed outline = none on file. Marks show data presence and timing, not a quality score.
| # | Venue | Token price | Volume · 30d | Open interest | Fees · 30d | Token rights | Evidence |
|---|---|---|---|---|---|---|---|
| 01 |  HyperliquidHYPE | $85.11Observed 08 Oct 2026 · 13:00 UTC | $222.99B | $8.33B | $87.56MSource time unknown | Terms on file | View evidence ↗
|
| 02 |  AsterASTER | $0.7040Observed 08 Oct 2026 · 13:00 UTC | $68.46B | $1.37B | $5.36MSource time unknown | Terms on file | View evidence ↗
|
| 03 | VariationalVAR · pre-TGE | —Pre-TGE | $42.55B | $1.09B | —No comparable observation | Pre-TGE token | View evidence ↗
|
| 04 |  edgeXEDGE | $0.3982Observed 08 Oct 2026 · 12:52 UTC | $40.50B | $635.20M | $3.83MSource time unknown | Terms on file | View evidence ↗
|
| 05 |  GRVTGRVT | $0.2294Observed 08 Oct 2026 · 12:52 UTC | $14.56B | $460.51M | —No comparable observation | Terms on file | View evidence ↗
|
| 06 | ExtendedNo verified token | —No verified token | $7.40B | $96.78M | $1.55MSource time unknown | No verified token | View evidence ↗
|
| 07 | ReyaREYA · pre-TGE | —Pre-TGE | $2.92B | $1.75M | $53.85KSource time unknown | Pre-TGE token | View evidence ↗
|
| 08 |  Veranta / AvantisAVNT | $0.1329Observed 08 Oct 2026 · 12:52 UTC | $2.70B | $65.43M | $414.10KSource time unknown | Rule documented | View evidence ↗
|
| 09 |  SynFuturesF | $0.003208Observed 08 Oct 2026 · 12:52 UTC | $2.31B | $1.29M | $226.35KSource time unknown | Rule pending | View evidence ↗
|
| 10 |  ParadexDIME | $0.0372Observed 08 Oct 2026 · 12:52 UTC | $330.30M | $10.56M | $23.86KSource time unknown | Rule documented | View evidence ↗
|
| 11 | OstiumNo verified token | —No verified token | $244.20M | $8.85M | $103.13KSource time unknown | No verified token | View evidence ↗
|
Beyond the ranking
Explore the full venue directory ↗12 additional verified perp venue identities. They are not in the comparable ranking yet: product activity is verified, but full-scope historical metrics and overlap checks are pending. A source directory is not a count of active exchanges.
- Apex Omni ↗Research available
- Bluefin Pro ↗Research available
- dYdX V4 ↗Research available
- Gains Network ↗Research available
- GMX V2 Perps ↗Research available
- Jupiter Perpetual ExchangeOfficial source ↗
- Lighter Perps ↗Research available
- Ondo Perps ↗Research available
- Orderly PerpsOfficial source ↗
- SoDEX Perps ↗Research available
- SYMMIO ↗Research available
- Velocity ↗Research available