Strike Finance is a decentralized perpetual futures exchange on Cardano. It lists perpetual markets on traditional assets such as stocks, commodities or FX alongside crypto.
Open interest$1.14M#48 of 91 · 0.0% share
Volume · 24h$5.30MRolling 24h · CoinGecko
Fees · 30d$76.44K+30.3% vs prior 30d
OI · 30d change+16.2%Daily average vs prior 30 days
Perp markets31Listed pairs · CoinGecko
KEY FACTS
Strike Finance at a glance
Launched
2025-05 source ↗'Strike V1 launched in May 2025 as the first perpetuals platform on Cardano' (GMX-style pool); current V2 is a CLOB, V2 launch date not stated
Trading fees (base tier)
Taker 0.05% · maker -0.005% (order book, tiered by 30-day volume) source ↗Tier 0 (<$100K 30d volume); negative maker = rebate; taker down to 0.028% at >=$200M; staked STRIKE discounts 5-40%
Maximum leverage
50× source ↗site meta description: 'up to 50x leverage'; per-market margin tiers in docs show 100x only as an 'Example Tier Table', so not used
Perp markets
About 31 · includes stocks, commodities or FX source ↗official public API: 31 symbols, all status 'trading'; includes gold/silver/oil (XAU, XAG, WTI), indices (SP500, NAS100) and stock perps (TSLA, NVDA, GOOGL, COIN, CRCL, MU, SNDK, SKHYNIX etc.)
Collateral
USD-denominated account balance; deposits on Cardano and Ethereum (stablecoins, or volatile assets such as ADA/ETH auto-swapped into stablecoins) source ↗exchanger described at https://docs.strikefinance.org/perpetuals/deposits-and-withdrawals/exchanger; public API lists marginAsset USDT for all markets
KYC
Not required source ↗homepage: 'NOT REQUIRED No KYC' / 'Trade without identity verification using your crypto wallet'
Restricted regions
Cuba, Iran, North Korea, Syria, Crimea, Donetsk (DNR), Luhansk (LNR), United States (incl. territories), United Kingdom, Canada, Japan, Australia, Singapore, Hong Kong and 28 more source ↗Restricted Persons page (last updated January 2025); referenced from Terms
Audits
Not verified yet
Incidents
None found in official sources
Points program
Live source ↗Season 1 Sep 28 - Oct 28 2026: points for SLP vault deposits, converted to STRIKE; 'Trading will earn points in a future season'
Referral program
Yes. Benefit for the referred trader: “Referred traders also receive a fee discount based on your referral tier. ... Bronze: 4% Silver: 5% Gold: 6% Platinum: 7% Diamond: 8%” source ↗discount set by the venue's tier table (depends on referrer's tier, 4-8%), not chosen by the referrer; applies to positive trading fees
From Strike Finance’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.
IS IT GROWING?
Strike Finance 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: #48 now · #44 30 days ago · #49 90 days ago (among venues reporting that day)
Metric
30 days
90 days
Coverage
Reading
Open interest
+16.2%
—
100%
Base too small for a reliable direction
User fees
+30.3%
+7.5%
100%
Base too small for a reliable direction
Trading volume
—
—
2%
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.
HISTORY
Activity over time
Open interest · daily
DefiLlama daily open interest · 137 days · 24 May 2026 – 07 Oct 2026
$1.14M
Gaps are not joined. The scale starts near the series minimum, not at zero.
User fees · daily
DefiLlama daily user fees, complete UTC days · 180 days · 11 Apr 2026 – 07 Oct 2026
$2.23K
Gaps are not joined. The scale starts near the series minimum, not at zero.
24h volume · daily capture
CoinGecko rolling 24h volume, one capture per UTC day
Daily volume history started on 8 October 2026; the chart appears after the second daily capture.
Strike Finance is an open-source derivatives protocol built on top of Cardano offering options, forwards, and perpetual contract trading
Strike Finance had $1.14M of open interest according to DefiLlama on 08 Oct 2026 · 12:17 UTC, ranking #48 of 91 perp DEXs we track by open interest. That is 0.0% of the combined open interest of the tracked venues.
How much volume does Strike Finance trade per day?
CoinGecko reported $5.30M of rolling 24-hour volume for Strike Finance on 08 Oct 2026 · 12:16 UTC. Venue-reported volume is not independently audited.
How much do traders pay in fees on Strike Finance?
Traders paid $76.44K in fees over the last 30 days according to DefiLlama, +30.3% compared with the previous 30 days.
Is Strike Finance growing?
Our current reading is “Not enough data”. Average open interest over the last 30 days changed +16.2% versus the prior 30 days. The reading updates daily and requires sufficient history and a minimum base.
Does Strike Finance have a token?
We have not verified a tradable Strike Finance token. Beware of look-alike tokens using the name.
What are Strike Finance’s trading fees?
Taker 0.05% · maker -0.005% (order book, tiered by 30-day volume) at the base tier, according to Strike Finance’s fee documentation. Higher-volume tiers and promotions can differ.
What is the maximum leverage on Strike Finance?
Up to 50× on some markets, according to Strike Finance’s documentation. Most markets allow less.
Does Strike Finance require KYC?
Not required, based on Strike Finance’s terms and sign-up flow. Access rules can change by country.
Does Strike Finance have a referral program?
Yes. Benefit for the referred trader: “Referred traders also receive a fee discount based on your referral tier. ... Bronze: 4% Silver: 5% Gold: 6% Platinum: 7% Diamond: 8%”.
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 ↗
