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Best of · Arbitrum · Updated

The best Synthetics dApps on Arbitrum in 2026

We track 6 Synthetics dApps that run on Arbitrum and have reviewed 3 of them in full. Our top pick is Alchemix V3. Each one is scored on security, ease of use, fees and features.

Ranked list

  1. 1
    Alchemix V3 logo

    Alchemix V3

    Synthetics · Ethereum, Optimism, Base +1

    Alchemix V3 lets you borrow against ETH or USDC while yield can repay the loan over time. Check the strategy risks, redemption timing and unpublished fees before depositing.

    Read the Alchemix V3 reviewVisit Alchemix V3(opens in a new tab)
    ScoreScore 6.1 out of 10
    TVL $38.2M−1.1%
  2. 2
    Jarvis Network logo

    Jarvis Network

    Synthetics · Polygon, BNB Chain, Avalanche +4

    Jarvis Network is a set of protocols for synthetic asset exposure, with a wallet app that reads your on-chain positions. Fees, liquidity and contract-key risks need checking before you use it.

    Read the Jarvis Network reviewVisit Jarvis Network(opens in a new tab)
    ScoreScore 4.8 out of 10
    TVL $82.0K−0.3%
  3. 3
    Alchemix V2 logo

    Alchemix V2

    Synthetics · Ethereum, Optimism, Arbitrum +1

    Alchemix V2 was a DeFi protocol for borrowing synthetic assets against deposits expected to earn future yield. It has been migrated to V3, so don’t treat V2 as the current place to open a loan.

    Read the Alchemix V2 reviewVisit Alchemix V2(opens in a new tab)
    ScoreScore 3.0 out of 10
    TVL $79.0K−0.4%
  4. 4
    Duet Protocol logo

    Duet Protocol

    Synthetics · Arbitrum, BNB Chain

    Duet Protocol is a synthetics project on Arbitrum and Bnb Chain. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.

    Read the Duet Protocol review
    ScoreNot rated yet
    TVL $36.1K−0.7%
  5. 5
    SynthEx logo

    SynthEx

    Synthetics · Arbitrum

    SynthEx is a synthetics project on Arbitrum. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.

    Read the SynthEx reviewVisit SynthEx(opens in a new tab)
    ScoreNot rated yet
    TVL $6−0.6%
  6. 6

    Kopio

    Synthetics · Arbitrum

    Kopio appears to be a protocol for creating and managing crypto-backed synthetic assets. There is too little public detail to assess its safety, costs or how to use it.

    Read the Kopio review
    ScoreNot rated yet
    TVL —

Synthetics dApps on Arbitrum: the numbers

Tracked
6
Reviewed
6
Total TVL
$38.4M
Avg. score
4.6/10

There are 6 synthetics dApps on Arbitrum in the SkyBitcoins index. Every one of them has a full review. The 5 that report TVL hold $38.4M between them, counting value on every chain they support. Alchemix V3 dominates, with 99% of that total.

Ranked by TVL, Alchemix V3 ($38.2M), Jarvis Network ($82.0K) and Alchemix V2 ($79.0K) lead the field. On SkyBitcoins scores, Alchemix V3 ranks first at 6.1/10, ahead of Jarvis Network (4.8) and Alchemix V2 (3.0). That makes Alchemix V3 both the biggest and the best-rated. The 3 rated synthetics dApps average 4.6/10, and none scores 8 or above yet.

Many also deploy elsewhere, most often on Optimism (3), Ethereum (2) and Base (2). Of the 3 with a confirmed status, 2 are active and 1 is inactive or wound down. Over the last seven days, combined TVL fell 1.1%.

Largest by TVL

  1. 1Alchemix V3 logoAlchemix V3$38.2M
  2. 2Jarvis Network logoJarvis Network$82.0K
  3. 3Alchemix V2 logoAlchemix V2$79.0K
  4. 4Duet Protocol logoDuet Protocol$36.1K
  5. 5SynthEx logoSynthEx$6

Highest rated

  1. 1Alchemix V3 logoAlchemix V36.1
  2. 2Jarvis Network logoJarvis Network4.8
  3. 3Alchemix V2 logoAlchemix V23.0

Method

How we ranked them

Reviewed dApps come first. Each SkyBitcoins review scores security, ease of use, fees and features from 0 to 10 using public facts such as audits, documentation and on-chain data; the overall score orders the list, with total value locked as the tie-breaker. Projects we have not reviewed yet follow, ordered by total value locked. Scores are never sold.

Guides

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Frequently asked questions

What is the largest synthetics dApp on Arbitrum by TVL?

Alchemix V3 is the largest synthetics dApp on Arbitrum by total value locked, with $38.2M across all the chains it supports. It is followed by Jarvis Network ($82.0K) and Alchemix V2 ($79.0K). TVL figures come from DefiLlama and change daily.

Which synthetics dApp on Arbitrum has the highest SkyBitcoins score?

Alchemix V3 has the highest score at 6.1/10, ahead of Jarvis Network (4.8) and Alchemix V2 (3.0). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many synthetics dApps on Arbitrum has SkyBitcoins reviewed?

SkyBitcoins tracks 6 synthetics dApps on Arbitrum. Of these, 6 have a full review and 5 report value locked, $38.4M in total, counting value on every chain they support.

Which synthetics dApps on Arbitrum grew the most this week?

Among synthetics dApps with at least $1M locked, . Combined TVL moved −1.1% over the same seven days.

What is the average score for synthetics dApps on Arbitrum?

The 3 rated synthetics dApps on Arbitrum average 4.6 out of 10. Of these, 0 score 8 or higher and 2 score below 5.