PopDEX
Not enough dataPopDEX is a decentralized perpetual futures exchange on Morph_tachyon. It lists perpetual markets on traditional assets such as stocks, commodities or FX alongside crypto.
PopDEX at a glance
- Launched
- Not verified yet
- Trading fees (base tier)
- Taker 0.032% · maker 0.01% source ↗VIP 0 (<$3M 14-day volume); down to taker 0.018% / maker -0.001% at VIP 6; builder fees may be added on top
- Maximum leverage
- 100× source ↗official API futures-tier: 100x first tier on BTCUSDT and ETHUSDT; most other crypto 50x; RWA markets 20x (e.g. AAOIUSDT)
- Perp markets
- About 66 · includes stocks, commodities or FX source ↗official API: 66 futures symbols with status Trading = 31 crypto + 35 RWA (CLUSDT, BZUSDT, XAUUSDT, XAGUSDT, US500USDT, TECH100USDT, JP225USDT, NVDAUSDT, TSLAUSDT etc.)
- Collateral
- USDT (deposits and futures settlement in USDT; other accepted tokens count at tiered discounts in the Unified Account) source ↗settlementToken USDT for all futures per https://api.popdex.xyz/api/v1/config/symbols?category=Futures; collateral discounts per https://popdex.xyz/docs/product-docs/trading/unified-account
- KYC
- Not required source ↗Privacy Notice: 'designed to allow both natural persons and institutional clients to interact with PopDEX without the need for traditional identity verification (KYC)'. Text read from the site's JS bundle (page is client-rendered). The app bundle also contains a 'TradFi (MT5) trial' identity-verification prompt, apparently for a separate TradFi feature
- Restricted regions
- Austria, Canada, Crimea, Donetsk, Luhansk, Cuba, France, Germany, Hong Kong, Iran, Malaysia, North Korea and 19 more source ↗'Prohibited Countries' definition in Terms of Use; text read from the site's JS bundle (page is client-rendered)
- Audits
- BlockSec — cross-chain bridge contracts (published 2026-07-03); BlockSec — top-up address deposit contracts (published 2026-08-24) source ↗
- Incidents
- None found in official sources
- Points program
- Not verified yet
- Referral program
- Yes; any discount for the referred trader is set by the referrer. “The standard referral rebate is 20% of the invitee's net eligible fees. Referrers can choose to share a portion of this rebate with the invitee — the invitee receives their share as a rebate, and the remainder is retained by the referrer.” source ↗rebates apply to first $1 billion volume per invitee; referral program went live in v1.4.0 (2026-08-10) per product-updates
From PopDEX’s own documentation, terms, API or official posts, checked 08 Oct 2026. Terms change; confirm on the venue before trading. “Not verified yet” means we could not confirm it from an official source.
PopDEX trend: Not enough data
No metric has enough comparable history on a sufficient base yet. The label counts metric directions; it is not a score and not investment advice.
Rank by open interest: #25 now · not ranked 30 days ago · not ranked 90 days ago (among venues reporting that day)
| Metric | 30 days | 90 days | Coverage | Reading |
|---|---|---|---|---|
| Open interest | — | — | 10% | Not enough daily history yet |
| User fees | — | — | 12% | Not enough daily history yet |
| Trading volume | — | — | — | Not enough daily history yet |
Thresholds: open interest ±25%, fees ±30%, volume ±40% over 30 days; the 90-day move must agree at half the threshold. Incentive campaigns can lift activity temporarily.
Activity over time
Open interest · daily
DefiLlama daily open interest · 6 days · 03 Oct 2026 – 08 Oct 2026
Gaps are not joined. The scale starts near the series minimum, not at zero.
User fees · daily
DefiLlama daily user fees, complete UTC days · 7 days · 01 Oct 2026 – 07 Oct 2026
Gaps are not joined. The scale starts near the series minimum, not at zero.
PopDEX is a trader-first perpetual DEX built for capital efficiency, execution quality, and 100% protocol value return to real contributors.
Project description as listed on DefiLlama
PopDEX: common questions
What is PopDEX’s open interest?
PopDEX had $39.09M of open interest according to DefiLlama on 08 Oct 2026 · 12:17 UTC, ranking #25 of 91 perp DEXs we track by open interest. That is 0.3% of the combined open interest of the tracked venues.
How much do traders pay in fees on PopDEX?
Traders paid $103.73K in fees over the last 30 days according to DefiLlama.
Is PopDEX growing?
Our current reading is “Not enough data”. The reading updates daily and requires sufficient history and a minimum base.
Does PopDEX have a token?
We have not verified a tradable PopDEX token. Beware of look-alike tokens using the name.
What are PopDEX’s trading fees?
Taker 0.032% · maker 0.01% at the base tier, according to PopDEX’s fee documentation. Higher-volume tiers and promotions can differ.
What is the maximum leverage on PopDEX?
Up to 100× on some markets, according to PopDEX’s documentation. Most markets allow less.
Does PopDEX require KYC?
Not required, based on PopDEX’s terms and sign-up flow. Access rules can change by country.
Does PopDEX have a referral program?
Yes; any discount for the referred trader is set by the referrer. “The standard referral rebate is 20% of the invitee's net eligible fees. Referrers can choose to share a portion of this rebate with the invitee — the invitee receives their share as a rebate, and the remainder is retained by the referrer.”.
Similar perp DEXs
Sources and capture details
- DefiLlama oi history for listing “popdex-perps”, fetched 08 Oct 2026 · 12:17 UTC, SHA-256
e6b9f66029436679… - DefiLlama fees history for listing “popdex-perps”, fetched 08 Oct 2026 · 12:17 UTC, SHA-256
e93ec0425df72b07…
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 ↗