![The Drift homepage with a futuristic cityscape background. Main text reads "Trade & Earn with Drift." Highlights include "Earn High Yield Up to 32.2% APR" and "Trade the Hottest Markets" featuring Solana (SOL), Bitcoin (BTC), and Dogewithat (WIF). Navigation options and a "Launch App" button are at the top.](https://defishills.com/wp-content/uploads/2024/07/drift-768x350.jpg)
Drift Protocol
Drift Protocol is a decentralized exchange on Solana, specializing in perpetual futures trading with up to 20x leverage. It also supports spot trading, borrowing, and lending.
![Interface of Jupiter, a decentralized exchange aggregator on the Solana blockchain. The screenshot shows the swap feature, allowing users to exchange USDC for SOL, and includes options for limit orders, DCA, and value averaging, along with real-time exchange rates.](https://defishills.com/wp-content/uploads/2024/07/jupiter-768x371.jpg)
Jupiter
Jupiter is a decentralized exchange aggregator on Solana, offering fast transactions, low fees, and access to most SOL-based tokens. It features limit orders and cross-chain swaps.
![The Storm homepage with a dark theme. Main text reads "Trade Everything." It mentions a decentralized exchange for trading crypto, stock, forex, and commodities. A section for "Token STORM" with limited whitelist spots is highlighted. Navigation options and buttons for trading in the web app and Telegram are at the top.](https://defishills.com/wp-content/uploads/2024/07/storm-768x370.jpg)
Storm Trade
Storm Trade is a decentralized exchange on the TON blockchain, offering perpetual futures trading via a Telegram Web App. It features a user-friendly interface, and robust security measures.
![The Avantis homepage with a purple and black theme. Main text reads "Trade Crypto with up to 100x Leverage." It invites users to maximize their potential as traders and liquidity providers. A "Launch App" button and links to social media and documentation are present.](https://defishills.com/wp-content/uploads/2024/07/avantis-768x369.jpg)
Avantis
Avantis is a decentralized perpetual trading platform on Base, offering up to 75x leverage across crypto, forex, and commodities. It features loss protection and uses USDC for liquidity.
![The HMX homepage with a black and gold theme. Main text reads "Trade Limitless." Sections highlight "Unlock the Power of Leverage with HMX’s Perpetual Trading" and "Amplify Real Yield with HMX’s Leveraged Market Making." Bottom statistics: "$25.16M Total Value Locked (TVL)," "$21.44M HLP AUM," "$40.04B Total Trading Volume," and "$14.96M Total Fees."](https://defishills.com/wp-content/uploads/2024/07/hmx-768x370.jpg)
HMX
HMX is a decentralized perpetual exchange on Arbitrum and Blast, offering up to 1,000x leverage across crypto, forex, and commodities. It supports cross-margin and multi-asset collateral.
![The Vela Exchange homepage featuring a sailing ship against a starry night sky. Main text reads "The New Era of Decentralized Trading." Statistics displayed: "$4,525,246,410 Total Volume," "$10,881,457 24H Volume," and "328,112 Total Trades." Buttons for "Trade Now" and navigation options are present at the top.](https://defishills.com/wp-content/uploads/2024/07/velaexchange-768x373.jpg)
Vela Exchange
Vela Exchange is a decentralized perpetual trading platform on Arbitrum and Base, offering up to 100x leverage, multi-chain deposits, and Chainlink-powered price feeds.
![Decentralized trading platform described as a "Powerhouse" with a focus on lightning-fast order book, cross-chain liquidity, and unbeatable fees. Options to trade on Arbitrum or Mantle, with highlights of total volume over $100B and more than 50 markets.](https://defishills.com/wp-content/uploads/2024/07/vertex-768x372.jpg)
Vertex
Vertex Protocol is a decentralized exchange built on Arbitrum and Mantle, offering spot, perpetuals, and money markets with universal cross-margin accounts.
![Display of passive pools for earning and borrowing. Lists assets like DAI, USDC, WETH, WBTC, and FRAX with corresponding supply, APY, and borrow rates. Options to supply or withdraw are also shown.](https://defishills.com/wp-content/uploads/2023/10/Gearbox-768x300.jpg)
Gearbox
Gearbox offers a Composable Leverage Protocol enabling passive lending APY or up to 10X leverage for margin trading and farming on various DeFi platforms.
![Decentralized digital asset trading platform promoting trading perpetuals with up to 20x leverage. Interface shows detailed trading charts, order book, and account information with an invitation to trade now.](https://defishills.com/wp-content/uploads/2023/10/Bluefin-768x378.jpg)
Bluefin
Bluefin provides decentralized derivatives trading, featuring up to 20x leverage, prioritizing security, user experience, competitive fees, and programmatic trading via API.
![Homepage of Perpetual Protocol with a black background. Promotes trading, creating, and market making with options to connect a wallet. Displays various market assets like BTC, ETH, DOGE, and AAVE.](https://defishills.com/wp-content/uploads/2023/10/Perpetual-Protocol-768x378.jpg)
Perpetual Protocol
Perpetual Protocol facilitates on-chain perpetual futures trading through a decentralized exchange, offering governance via PERP token, and USDC revenue-sharing.
![dYdX: Decentralized trading platform powered by StarkWare. The interface features trading of perpetual contracts with low fees, deep liquidity, and up to 20x more buying power. The screenshot shows an ETH-USD trading pair with detailed order book and trading charts.](https://defishills.com/wp-content/uploads/2023/10/Dydx-768x361.jpg)
Dydx
dYdX is a powerful decentralized platform for trading perpetual contracts with low fees and high liquidity, offering up to 20x buying power, instant trade executions.
![GMX: Decentralized perpetual exchange for trading BTC, ETH, AVAX, and other top cryptocurrencies with up to 50x leverage. The homepage displays a total trading volume of $144,319,563,329, open interest of $92,453,478, and 333,590 total users.](https://defishills.com/wp-content/uploads/2023/10/GMX-768x375.jpg)
GMX
GMX is a decentralized perpetual exchange on Arbitrum and Avalanche, offering up to 30X leverage, low fees, deep liquidity, and transparent trading experiences.
![Hyperliquid: Trade perpetuals seamlessly on a decentralized exchange with best-in-class speed, liquidity, and price. The platform supports trading pairs like ARB-USD, showcasing detailed charts and order books for informed trading decisions.](https://defishills.com/wp-content/uploads/2023/10/Hyperliquid-768x367.jpg)
Hyperliquid
Hyperliquid is a decentralized perpetual exchange with advanced order types, instant trade finality, low fees, up to 50x leverage, and a fully on-chain order books.
![Volmex: Leading crypto volatility protocol offering tools for crypto volatility trading. The homepage displays BTC and ETH implied volatility indices at 40.83 and 41.55 respectively, with a sophisticated trading interface.](https://defishills.com/wp-content/uploads/2023/10/Volmex-768x351.jpg)
Volmex
Volmex Finance facilitates crypto volatility trading through Perpetual Futures and Volatility Tokens, providing a 24/7 transparent, permissionless platform with low fees.
![Pika: Decentralized perpetuals platform enabling crypto and forex trading with up to 200x leverage. The homepage features a trading interface with live charts and options for adding liquidity.](https://defishills.com/wp-content/uploads/2023/10/Pika-768x377.jpg)
Pika
Pika Protoco offers a decentralized perpetual swap exchange with up to 200x leverage, low slippage, diverse trading pairs, and reduced fees on Ethereum Layer 2.
![DeGate: ZK rollup DEX for fast, low-fee trading with maximum self-custody. The homepage highlights the ease of trading and secure self-custody with a sleek interface.](https://defishills.com/wp-content/uploads/2023/10/DeGate-768x320.jpg)
DeGate
DeGate leverages ZK rollup technology to offer a decentralized exchange (DEX) with notable fast transaction speeds, minimized fees, and a strong focus on self-custody.
![Kwenta: Platform for trading synthetic perpetuals with up to 50x leverage and deep liquidity. Powered by Synthetix, the homepage features a comprehensive trading interface with market and order details.](https://defishills.com/wp-content/uploads/2023/10/Kwenta-768x375.jpg)
Kwenta
Kwenta is a decentralized derivatives trading platform on Synthetix, offering synthetic asset and perpetual futures trading with low gas fees via Optimism.
![MUX: Decentralized self-custodial leveraged trading platform with up to 100x leverage. The homepage emphasizes zero price impact trading, aggregated liquidity, and a futuristic design.](https://defishills.com/wp-content/uploads/2023/10/MUX-768x379.jpg)
MUX Protocol
MUX Network is a decentralized finance (DeFi) leveraged trading protocol offering up to 100x leverage, zero price impact, and multi-chain liquidity books.
![Level: Omnichain liquidity marketplace offering on-demand liquidity and bespoke risk management. The platform showcases assets under management of $14,431,742, total trading volume of $22,931,480,857, and accrued fees of $31,187,611.](https://defishills.com/wp-content/uploads/2023/10/Level-768x334.jpg)
Level
Level Finance is a decentralized perpetual exchange offering leveraged trading with user-driven risk management and revenue-sharing mechanisms.
![Aevo: Screenshot of the Aevo platform's homepage with the text "On-Chain Options Trading Has Arrived" prominently displayed against a dark background, with various cryptocurrency prices scrolling at the top.](https://defishills.com/wp-content/uploads/2023/10/Aevo-768x342.jpg)
Aevo
Aevo facilitates trading perpetuals, options using off-chain matching, on-chain settlement on Ethereum, aiming for enhanced performance, security, and comprehensive trading strategies.
![Apex: Screenshot of Apex website homepage with a yellow-themed background promoting self-custody, speed, and security in decentralized derivatives trading. The text highlights trading volume, total trades, and open interest, with a 'Trade Now' button.](https://defishills.com/wp-content/uploads/2023/10/Apex-768x374.jpg)
Apex
ApeX facilitates high-performance, decentralized derivatives trading with cross-margined perpetual contracts, multi-chain support, up to 30x leverage, and governance tokens.