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Top Options Projects

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

Flying Tulip

Flying Tulip

Custom lending & perps across Sonic and Ethereum

avalanchebasebnb-chain+2
Strike

Strike

Decentralized lending and borrowing on Ethereum.

cardanoethereumsolana
Thetanuts Finance

Thetanuts Finance

Decentralized altcoin options protocol for DeFi

arbitrumauroraavalanche+8
Opium

Opium

Universal decentralized derivatives protocol

arbitrumbnb-chainethereum+1
Aevo

Aevo

High-performance decentralized options and perps exchange.

arbitrumbaseethereum+1
Ithaca Protocol

Ithaca Protocol

The Uniswap of Options

arbitrumbnb-chainethereum
SIREN

SIREN

Decentralized, fully-collateralized options on Ethereum

arbitrumbnb-chainethereum+1
Rain

Rain

Permissionless prediction markets, fully on-chain.

arbitrum
Ribbon Finance

Ribbon Finance

Structured products for DeFi portfolios

avalanchebnb-chainethereum+1
Derive

Derive

Programmable onchain options and perps exchange

arbitrumbaseblast+2
Thales

Thales

Liquidity and settlement for prediction markets.

arbitrumbaseethereum+2
Jones DAO

Jones DAO

Yield, strategy, and liquidity for DeFi options.

arbitrumethereum
Dual Finance

Dual Finance

Tokenization engine for real world assets

baseethereumsolana
katana

katana

Automated options yield on Solana

solana
Ryze.Fi

Ryze.Fi

Binary options for crypto price speculation

arbitrumbnb-chainethereum+2
Opyn

Opyn

acquired

Pioneer of DeFi options and convexity trading.

avalancheethereumpolygon
Exotic Markets

Exotic Markets

Real options, automated yield on Solana

solana
Panoptic

Panoptic

First on-chain permissionless options protocol

baseethereumunichain
Oddz

Oddz

Multi-chain options trading with rewards

avalanchebnb-chainethereum+2
Deribit

Deribit

The leading crypto derivatives exchange

bitcoinbnb-chainethereum+2
Hedgehog

Hedgehog

Automated Uniswap V3 liquidity with Squeeth hedging

ethereum
Hegic

Hegic

Decentralized options trading on Arbitrum and Ethereum

arbitrumethereumfantom
GammaSwap

GammaSwap

Trade perpetual options with DEX liquidity

arbitrumbaseethereum+1
Polynomial

Polynomial

defunct

Unlocking the full potential of DeFi derivatives

optimismpolynomial
Deri Protocol

Deri Protocol

Your option, your future — on-chain derivatives

arbitrumbaseblast+12
RCH Token

RCH Token

Decentralized settlement for on-chain finance

arbitrumbnb-chainethereum+1
Stryke

Stryke

Decentralized options protocol

arbitrumbaseblast+1
Premia

Premia

Next-gen options and meta-vaults for DeFi

arbitrumethereumfantom+1
Helmet Insure

Helmet Insure

P2P price-shield insurance for crypto assets

bnb-chainpolygon
Auctus

Auctus

Decentralized options protocol for DeFi

arbitrumbnb-chainethereum
A.T.M. by BaseVol

A.T.M. by BaseVol

base
Bitune

Bitune

arbitrumavalanchebnb-chain+1
Divergence Protocol

Divergence Protocol

ethereum
LogX Network

LogX Network

arbitrumbaseethereum
PsyFi

PsyFi

defunct

Decentralized options trading platform

Typus

Typus

sui
Lien

Lien

Ethereum-based options protocol

ethereum
Deriverse

Deriverse

Derivatives DEX on Solana

solana
HXRO

HXRO

ethereumsolana
Hedget

Hedget

ethereum
Eve

Eve

--

solana
Racks

Racks

Decentralized derivatives trading platform

Epicentral Labs

Epicentral Labs

solana
Moret

Moret

AMM protocol for crypto option trading

polygon
Caddy Finance

Caddy Finance

LSD Options Protocol

starknet
Dopex

Dopex

arbitrumethereum
Bynomo

Bynomo

solana
Silo Protocol

Silo Protocol

Decentralized strategy protocol for ALGO and Algorand Standard Assets

algorand
SignalPlus

SignalPlus

Options trading platform

Pod

Pod

Decentralized options AMM for everyone

arbitrumethereumpolygon