Perp DEXs
losing activity.
16 venues hold at least 30% less open interest today than at their peak in the last 180 days (peaks of $5.00M or more). 3 venue(s) currently read as Declining on our 30/90-day rules. A drawdown alone can follow the end of an incentive campaign or a market-wide fall; check the venue page for context.
| # | Venue | Open interest | 180-day peak | From peak | OI 30d | Trend | 180 days |
|---|---|---|---|---|---|---|---|
| 1 |  HotstuffHotstuff | $45.12K | $8.44M10 May 2026 | -99.5% | -71.3% | Not enough data | |
| 2 |  OstiumArbitrum | $8.85M | $320.91M09 Jul 2026 | -97.2% | -58.5% | Declining | |
| 3 |  gTrade (Gains Network)ApeChain, Arbitrum | $2.52M | $53.78M27 Sep 2026 | -95.3% | +387.6% | Growing | |
| 4 |  PerplMonad | $1.62M | $8.39M07 Aug 2026 | -80.7% | -51.4% | Declining | |
| 5 |  HibachiHibachi | $1.35M | $5.92M14 Apr 2026 | -77.2% | -21.7% | Not enough data | |
| 6 |  Bullbit | $20.66M | $74.53M29 May 2026 | -72.3% | — | Not enough data | |
| 7 | StandXStandX | $20.75M | $72.07M17 Apr 2026 | -71.2% | -26.0% | Declining | |
| 8 |  OrderlyOrderly Network | $18.77M | $51.65M17 May 2026 | -63.7% | +2.0% | Stable | |
| 9 |  ParadexEthereum, Paradex | $11.04M | $25.77M13 Apr 2026 | -57.2% | +117.7% | Stable | |
| 10 |  dYdXdYdX | $39.64M | $91.85M11 May 2026 | -56.8% | -13.1% | Stable | |
| 11 |  Gate Perp DEXGateLayer | $8.52M | $17.74M03 Jul 2026 | -52.0% | +11.8% | Stable | |
| 12 |  SunX | $5.66M | $11.67M02 Jun 2026 | -51.5% | -21.6% | Stable | |
| 13 |  ExtendedEthereum, Starknet | $96.78M | $175.78M13 Apr 2026 | -44.9% | +5.7% | Stable | |
| 14 |  DecibelAptos | $3.58M | $6.30M02 Jul 2026 | -43.3% | -5.4% | Growing | |
| 15 |  NadoInk | $41.87M | $66.66M05 May 2026 | -37.2% | +12.1% | Stable | |
| 16 |  edgeXedgeX L1 | $218.35M | $320.40M22 Sep 2026 | -31.9% | — | Stable |
Peak = highest DefiLlama daily open interest in the last 180 days; venues need at least 30 days of history. See the growing venues → · Closed and inactive perp DEXs →
Open interest and fees: DefiLlama, captured 08 Oct 2026 · 12:17 UTC. 24h volume: CoinGecko derivatives exchange data (rolling 24 hours, converted from BTC), captured 08 Oct 2026 · 12:16 UTC. Token prices and 30-day price change: CoinGecko, at the time shown on each venue page; a parent-project or chain token is labelled and is not evidence of a claim on exchange revenue. Changes compare the last 30 days with the previous 30 days (OI as a daily average, fees as a total) and need at least 95% daily coverage. A trend label needs the 30-day move to pass a threshold (OI ±25%, fees ±30%) on a minimum base (OI ≥ $5M, fees ≥ $100K per 30 days); with 90 days of history both horizons must agree. Venue-reported volume is not audited; ⚑ marks volume above 25× open interest. “—” means unavailable, never zero. Full method ↗