GammaSwap enables trading perpetual options using DEX liquidity, while Ithaca Protocol positions itself as the Uniswap of options, offering an automated market maker for options trading. GammaSwap focuses on perpetual contracts with no expiry, whereas Ithaca likely provides standard options with an AMM model. GammaSwap suits traders seeking continuous exposure, while Ithaca appeals to those familiar with Uniswap-style decentralized options trading.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $1.4MDefiLlama | $13.5KDefiLlama |
| MCap Rank | #2292 | #4890 |
| Total Raised | — | $2.5M |
| Founded | — | 2023 |
| Stage | — | — |
| X / Twitter | 27K | 66K |
| GitHub Stars | 9 | 1 |
| Chains | arbitrumbaseethereum | arbitrumbnb-chainethereum |
| Tags | Decentralized Finance (DeFi), Perpetuals, Arbitrum Ecosystem | Derivatives, DeFi, Options |
GammaSwap is a decentralized options protocol that enables perpetual options trading using DEX liquidity. It operates on Arbitrum, Base, and Ethereum, offering a unique matching engine for onchain settlement.
Ithaca is a non-custodial, composable options protocol on Arbitrum that uses an auction-based matching engine to provide deep liquidity for options, option strategies, and structured products. It consistently ranks among the top option protocols by volume and aims to become the leading cross-chain options infrastructure, akin to the Uniswap of options.