GammaSwap lets users trade perpetual options using DEX liquidity, meaning positions have no expiry and are priced via automated market makers. SIREN offers fully-collateralized options on Ethereum with fixed expirations, similar to traditional options but on-chain. GammaSwap suits traders seeking flexibility and continuous exposure, while SIREN fits users who prefer standard, collateral-backed option contracts.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $1.4MDefiLlama | $286.8KDefiLlama |
| MCap Rank | #2292 | #6477 |
| Total Raised | — | $5.2M |
| Founded | — | 2020 |
| Stage | — | — |
| X / Twitter | 27K | 0 |
| GitHub Stars | 9 | 41 |
| Chains | arbitrumbaseethereum | arbitrumbnb-chainethereum |
| Tags | Decentralized Finance (DeFi), Perpetuals, Arbitrum Ecosystem | AI Agent, AI, MEME |
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.
SIREN is a decentralized protocol for creating, trading, and redeeming fully-collateralized options on any ERC-20 token. It operates without oracles, using a MarketsRegistry contract to coordinate individual markets.