The top Derivatives projects, ranked by prominence — TVL, market cap, funding, and on-chain activity.

Pendle
Tokenize and trade future yield with precision.

dYdX
Decentralized derivatives exchange on its own chain

Drift
Trade perps, predict markets, stake SOL.

Synthetix
CEX-like perpetual futures on Ethereum.

Bluefin
Your home for onchain finance on Sui

Dolomite
Next-gen money market and DeFi prime brokerage

Flying Tulip
Custom lending & perps across Sonic and Ethereum

SynFutures
Decentralized perpetual futures for any asset

Gearbox
Permissionless credit layer for leverage

Avantis
Largest RWA perps DEX on Base

Tranchess
defunctYield enhancing asset tracker with varied risk-return

SYMMIO
Trustless clearing house for permissionless derivatives

Perpetual Protocol
Decentralized perpetual contracts for every asset.

Strike
Decentralized lending and borrowing on Ethereum.

Level
Decentralized perpetual exchange and yield protocol

MYX Finance
Permissionless perps with matching pool liquidity

Nirvana
Programmable value that can only go up.

Thetanuts Finance
Decentralized altcoin options protocol for DeFi

Tradoor
Trade with confidence, zero counterparty risk

Opium
Universal decentralized derivatives protocol

QuickSwap
All-in-one DeFi hub across multiple chains

GMX
Trade 70+ assets with up to 100x leverage

Aevo
High-performance decentralized options and perps exchange.

DeFituna
Leveraged liquidity market making on Solana

Revest Finance
NFTs as programmable financial instruments

Ithaca Protocol
The Uniswap of Options

Jupiter
Lend and borrow crypto on Solana.

Bifrost
Multi-chain staking yield layer

GRVT
Private DEX for on-chain derivatives and perpetuals

Hourglass
Time-boost your restaking rewards

SIREN
Decentralized, fully-collateralized options on Ethereum

Mango
defunctAdvanced DeFi trading on Solana

WOO Network
AI-powered decentralized trading and liquidity network

Arkham
Deanonymizing the blockchain

Gains Network
Advanced DeFi derivatives for the future

Storm Trade
Leveraged trading for all assets on TON

edgeX
24/7 decentralized trading for global assets

Rain
Permissionless prediction markets, fully on-chain.

OpenLeverage
Permissionless margin trading on any DEX pair

Paradex
Private perpetuals DEX with zero fees on L2

Metronome
First autonomous cross-chain cryptocurrency

Ribbon Finance
Structured products for DeFi portfolios

Derive
Programmable onchain options and perps exchange

OpenOcean
Optimized swaps across all major chains

Kine Protocol
Decentralized derivatives with pooled liquidity

CAP
Credible financial guarantees via stablecoins

Nomina
Execute complex DEX strategies with delta-neutral yield.

Infinex
The most CEX-like trading experience onchain

Apex
Self-custodial DEX for perpetuals and prediction markets.

Hakka Finance
DeFi ecosystem with crypto native primitives