DeFi · Category ranking

Best Derivatives dApps in 2026

229 Derivatives dApps ranked by SkyBitcoins score and total value locked. Open any row for the full review.

Listed: 229
Reviewed: 229
Page: 1/5

Derivatives dApps at a glance

Tracked: 229
Reviewed: 229
Total TVL: $1.24B
Avg. score: 4.6/10

The SkyBitcoins index lists 229 derivatives dApps. Every one of them has a full review. Across the 135 with TVL data, the combined value locked is $1.24B. Jupiter Perpetual Exchange dominates, with 53% of that total. The top five account for 77%, while the median derivatives dApp holds $140K.

By value locked, the largest derivatives dApps are Jupiter Perpetual Exchange ($660M), Hyperliquid HLP ($151M) and dYdX V4 ($70.8M). On SkyBitcoins scores, Hyperliquid ranks first at 7.2/10, ahead of Derive (6.7) and Volmex (6.3). The 82 rated derivatives dApps average 4.6/10, and none scores 8 or above yet.

The most common chains for derivatives dApps are Arbitrum (63), Ethereum (48) and BNB Chain (39). 35% are deployed on more than one chain. Of the 134 with a confirmed status, 120 are active and 14 are inactive or wound down. Over the last seven days, combined TVL fell 5.9%. SynFutures V3 gained the most (+70.8%), while StandX Bridge dropped the most (−54.4%).

Largest by TVL

Highest rated

1Hyperliquid7.2
2Derive6.7
3Volmex6.3
4Grvt6.3
5Gmx6.2

Best Derivatives dApps, page 1 of 5
		Chains
1	HyperliquidReviewed	Hyperliquid L1	—	—	7.2
2	DeriveReviewed	Ethereum	—	—	6.7
3	VolmexReviewed	Arbitrum, Ethereum +1	$131K	−0.1%	6.3
4	GrvtReviewed	—	—	—	6.3
5	GmxReviewed	Arbitrum, Avalanche	—	—	6.2
6	Gtrade by Gains NetworkReviewed	Arbitrum, Polygon	—	—	6.2
7	Orderly BridgeReviewed	Ethereum, Solana +17	$23.5M	−9.6%	6.0
8	Orderly ChainReviewed	Ethereum	$242K	−0.9%	6.0
9	Contango V2Reviewed	Arbitrum, Ethereum +8	$6.80M	−0.4%	5.9
10	MUX PerpsReviewed	Arbitrum, Avalanche +3	$8.96M	−2.3%	5.8
11	OstiumReviewed	Arbitrum	$2.27M	−4.4%	5.8
12	DydxReviewed	dYdX	—	—	5.8
13	DreamcashReviewed	Hyperliquid L1	—	—	5.8
14	ApeX ProReviewed	Ethereum, Polygon +5	$1.28M	−0.1%	5.7
15	Synthetix V3Reviewed	Base, Ethereum +1	$0	−0.0%	5.7
16	Jupiter Perpetual ExchangeReviewed	Solana	$660M	−4.8%	5.6
17	InfinityPoolsReviewed	Base	$115K	−0.1%	5.6
18	Kinetiq kmHYPEReviewed	Hyperliquid L1	$38.1M	−12.4%	5.5
19	AnyHedgeReviewed	Bitcoin Cash	$1.85M	—	5.5
20	Bluefin ProReviewed	Sui	$1.41M	−4.9%	5.5
21	StobixReviewed	Base	$51.0K	−0.2%	5.5
22	Tranchess ProtocolReviewed	BNB Chain	—	—	5.5
23	SIRReviewed	Ethereum, MegaETH +1	$82.9K	−6.1%	5.3
24	Storm TradeReviewed	TON	$3.71M	−2.0%	5.2
25	SynFutures V3Reviewed	Base, Blast	$2.09M	+70.8%	5.2
26	SYMMIOReviewed	Base, Berachain +6	$1.72M	−12.9%	5.2
27	ElectraReviewed	BNB Chain, TON +1	$81.9K	−0.0%	5.2
28	ZO PerpsReviewed	Sui	$69.5K	−0.8%	5.2
29	GrvtReviewed	zkSync Era, Ethereum	—	—	5.2
30	Sudo PerpsReviewed	Sui	$709K	−3.1%	5.1
31	ELFi ProtocolReviewed	Base, Arbitrum	$1.38M	−11.2%	5.0
32	LavarageReviewed	Solana	$498K	−9.9%	5.0
33	YieldFlow-YTradeReviewed	Arbitrum	$55.1K	−0.3%	5.0
34	LikwidReviewed	BNB Chain, Base +1	$12.4K	−1.0%	5.0
35	Grvt BridgeReviewed	Ethereum	$34.3M	+3.0%	4.8
36	DecibelReviewed	Aptos	$29.2M	−0.3%	4.8
37	AlphaXReviewed	BNB Chain, Ethereum +2	$3.37M	+0.3%	4.8
38	Strike Finance PerpetualsReviewed	Cardano, Ethereum	$2.20M	+30.2%	4.8
39	Atomic GreenReviewed	Arbitrum, Robinhood Chain	$84.3K	−0.1%	4.8
40	Rocket BridgeReviewed	Arbitrum	$1	−0.1%	4.8
41	Strike FinanceReviewed	Cardano	—	—	4.8
42	Pacifica PerpsReviewed	Solana	—	—	4.8
43	HodlReviewed	—	—	—	4.7
44	Fulcrom PerpsReviewed	Cronos, zkSync Era +1	$4.88M	−2.5%	4.5
45	KiloExReviewed	BNB Chain, Op_Bnb +4	$1.31M	−0.5%	4.5
46	JOJOReviewed	Base, Arbitrum +2	$25.0K	−0.1%	4.5
47	Aark DigitalReviewed	Arbitrum	$0	—	4.5
48	Flex PerpetualsReviewed	Base	$0	−0.0%	4.5
49	EdgexReviewed	Starkware	—	—	4.5
50	ApolloxReviewed	BNB Chain, Ethereum +4	—	—	4.5

Ranked by SkyBitcoins score, then total value locked. Click a column to re-sort this page. TVL data via DefiLlama.

Where they run

Derivatives dApps by chain

1Arbitrum6328%
2Ethereum4821%
3BNB Chain3917%
4Base3817%
5Solana2310%
6Polygon219%
7Optimism157%
8zkSync Era115%
9Mantle94%
10Hyperliquid L183%
11Avalanche83%
12Blast83%
13Mode73%
14Sui73%
15Sonic63%

Frequently asked questions

What is the largest derivatives dApp by TVL?

Jupiter Perpetual Exchange is the largest derivatives dApp by total value locked, with $660M. It is followed by Hyperliquid HLP ($151M) and dYdX V4 ($70.8M). TVL figures come from DefiLlama and change daily.

Which derivatives dApp has the highest SkyBitcoins score?

Hyperliquid has the highest score at 7.2/10, ahead of Derive (6.7) and Volmex (6.3). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many derivatives dApps does SkyBitcoins track?

SkyBitcoins tracks 229 derivatives dApps. Of these, 229 have a full review and 135 report value locked, $1.24B in total.

What chains do most derivatives dApps run on?

Arbitrum is the most common, with 63 of 229 derivatives dApps, followed by Ethereum (48) and BNB Chain (39). 35% are deployed on more than one chain.

Which derivatives dApps grew the most this week?

Among derivatives dApps with at least $1M locked, SynFutures V3 had the biggest 7-day TVL gain (+70.8%) and StandX Bridge the biggest drop (−54.4%). Combined TVL moved −5.9% over the same seven days.

What is the average score for derivatives dApps?

The 82 rated derivatives dApps average 4.6 out of 10. Of these, 0 score 8 or higher and 48 score below 5.