HMX Review: Should You Use This Inactive Perps DEX?
HMX is a decentralized perpetuals exchange, but it is marked inactive. Don’t plan a trade or deposit until you verify that the app and markets are live.
By the SkyBitcoins review team · Updated
At a glance
HMX key facts
| Type | Decentralized perpetuals exchange |
|---|---|
| Chains | Polygon, Arbitrum, Blast |
| Token | HMX |
| Status | Inactive |
| Value locked | $13.9K−1.6% 7d |
| Updated |
HMX FAQs
What is HMX?
HMX is a decentralized exchange for perpetual contracts. It is described as supporting cross-margin and multiple collateral assets, as well as leveraged market making.
Is HMX still active?
HMX is classified as inactive. Check whether its app and markets are currently operating before connecting a wallet or sending funds.
What are HMX’s fees, and has it been audited?
A fee schedule is not published, and no audits are listed for HMX. You should treat trading costs and smart-contract risk as unresolved before using it.
Compare
HMX alternatives
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Derive offers Ethereum options and perps with self-custody, but confirm its fees, collateral rules and access terms before trading.
Volmex offers crypto volatility indices and API data, while linked derivatives trade on outside venues with separate fees and risks.
Grvt offers multi-asset perpetuals, spot trading and yield features, but verify fees, custody and account rules before funding.
GMX offers wallet-based spot and perpetual trading on Arbitrum and Avalanche, but variable costs and smart-contract risks call for care.
gTrade offers wallet-based perpetuals across crypto and traditional markets, but high leverage and incomplete fee details call for caution.
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Contango V2 automates leveraged DeFi looping, but check borrowing costs, liquidation conditions and contract risks before opening a position.
MUX Perps aggregates leveraged crypto trading across five chains, but check live costs, liquidation rules and contract risks before trading.
Ostium offers leveraged Arbitrum perpetuals across FX, commodities, equities and crypto, but check its fees, audits and local availability first.
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Aave V3 offers non-custodial lending and collateralised borrowing, but rates vary and deposits remain exposed to DeFi and liquidation risks.
Uniswap offers wallet-based swaps and liquidity pools across 15+ networks, but pool fees, gas and self-custody risks still matter.
Compound V3 offers variable-rate crypto lending across several networks, but market terms and liquidation risks require close checking.
Uniswap V2 enables wallet-based swaps and liquidity provision, but check the pool, network, gas and token risks before you trade.
Uniswap V3 offers wallet-based token swaps and concentrated liquidity, but check pool fees, gas, execution risks and price-range exposure.
Uniswap v4 offers multichain swaps and customizable pools, but check each pool’s fees, hook behavior and risks before trading.
How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.