GammaSwap is a platform for trading perpetual options using DEX liquidity, while Opium is a universal decentralized derivative protocol covering swaps, options, and structured products. The key difference is scope: GammaSwap focuses solely on perpetual options with automated liquidity, whereas Opium offers a broader range of customizable derivatives. GammaSwap suits traders seeking leveraged, perpetual options with DEX integration; Opium suits developers and users wanting a flexible, multi-asset derivative framework.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $1.4MDefiLlama | $130.5KDefiLlama |
| MCap Rank | #2292 | #4593 |
| Total Raised | — | $3.3M |
| Founded | — | 2019 |
| Stage | — | — |
| X / Twitter | 27K | 11K |
| GitHub Stars | 9 | 37 |
| 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.
Opium is a decentralized derivative protocol that allows users to create, settle, and trade any type of derivative. It offers products like USDT de-pegging insurance and fixed interest rate investments, providing innovative risk management tools in DeFi.