Perp DEX tokens
at a glance.
20 perpetual DEX tokens ranked by market cap with price, 30-day change and the venue’s open interest. Updated daily from CoinGecko.
By PerpsAtlas Research · Data as of . The text below is calculated from the same capture as the directory and changes when the data does.
- Venue tokens20
- Combined market cap$22.61B
- LargestHYPE
- Announced, not trading1
What the data shows
20 perp DEXs in our directory have their own tradable token. Together their market capitalisation is about $22.61B (CoinGecko). The largest is HYPE (Hyperliquid).
A token’s price and the exchange’s activity are different things. Whether a token receives any of the venue’s fees depends on its documented rights — buybacks, fee sharing or none — which vary widely; see each venue’s profile and our evidence desk. 1 venue(s) have announced a token that is not trading yet (Variational).
Tokens of a parent company or of the chain a venue runs on are left out of this table, because they do not represent the exchange itself.
Tokens by market cap
| # | Venue | Token | Price | Market cap | 30d | Venue OI |
|---|---|---|---|---|---|---|
| 1 |  HyperliquidHyperliquid L1 | HYPE | $83.95 | $18.68B | -1.0% | $8.33B |
| 2 |  AsterChain not listed | ASTER | $0.6982 | $1.90B | -7.0% | $1.32B |
| 3 |  LighterRobinhood Chain, zkLighter | LIT | $3.59 | $898.67M | -25.5% | $804.18M |
| 4 |  DeriveEthereum | DRV | $0.4632 | $464.33M | +167.1% | — |
| 5 |  SynthetixEthereum | SNX | $0.2307 | $134.13M | +6.0% | $404.44K |
| 6 |  edgeXedgeX L1 | EDGE | $0.3673 | $128.55M | -35.0% | $215.28M |
| 7 |  dYdXdYdX | DYDX | $0.1306 | $110.59M | +8.2% | $50.40M |
| 8 |  GMXArbitrum, Avalanche | GMX | $8.06 | $84.44M | -2.1% | $57.42M |
| 9 |  Veranta (Avantis)Base | AVNT | $0.1329 | $47.19M | +24.9% | $65.43M |
| 10 |  ApeX OmniArbitrum, Ethereum | APEX | $0.2241 | $34.76M | +11.0% | $79.38M |
| 11 |  GRVTGRVT | GRVT | $0.2294 | $26.22M | +35.9% | $446.68M |
| 12 |  ParadexEthereum, Paradex | DIME | $0.0379 | $25.34M | +279.7% | $10.88M |
| 13 |  AevoAevo L2 | AEVO | $0.0266 | $24.80M | +13.5% | $11.79M |
| 14 |  SynFuturesBase, Blast | F | $0.003124 | $15.85M | -9.8% | $1.05M |
| 15 |  OrderlyOrderly Network | ORDER | $0.0354 | $14.58M | -2.8% | $29.93M |
| 16 |  gTrade (Gains Network)ApeChain, Arbitrum | GNS | $0.3826 | $9.10M | -21.3% | $1.90M |
| 17 |  BullbitBase | BUBI | $0.0313 | $8.87M | — | $28.13M |
| 18 |  Bluefin ProSui | BLUE | $0.009118 | $5.50M | -7.9% | $1.06M |
| 19 |  Storm TradeTON | STORM | $0.00342 | $1.27M | -4.5% | $666.56K |
| 20 |  SparkDEX PerpsFlare | SPRK | $0.006499 | $521.33K | +4.8% | $283.83K |
Common questions
What are the biggest perp DEX tokens?
By market capitalisation: HYPE (Hyperliquid), ASTER (Aster), LIT (Lighter), DRV (Derive), SNX (Synthetix).
Do perp DEX tokens earn a share of trading fees?
Some do through buybacks or fee distributions, many do not. Check the token rights documented by each venue rather than assuming exchange revenue reaches holders.
More data reports
- Best perp DEXs in 2026: shortlist by liquidity and track record
- Hyperliquid alternatives: the largest other perp DEXs compared
- Perp DEX volume ranking: top DEXs by 24h trading volume
- Perp DEX fee comparison: lowest and zero-fee DEXs
- Perp DEX teams and investors: who is behind each exchange
- Highest-leverage perp DEXs: maximum leverage by venue
- Perp DEX restricted countries: USA, UK, Canada and more
- Perp DEX market share by open interest
- Which perp DEXs earn the most fees
- Perp DEX volume vs open interest: turnover ratio
- Perp DEXs without a token yet, ranked by open interest
- Perp DEXs by blockchain: where open interest settles
- RWA perp DEXs: who offers stocks, gold and FX perpetuals
Open interest and fees: DefiLlama, captured 09 Oct 2026 · 00:25 UTC. 24h volume: CoinGecko derivatives exchange data (rolling 24 hours, converted from BTC), captured 09 Oct 2026 · 00:25 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 ↗
Market data, not investment advice. Venue links in the directory may be referral links; they never change rankings. Disclosure