DeFi · Category ranking
Best Options dApps in 2026
45 Options dApps ranked by SkyBitcoins score and total value locked. Open any row for the full review.
- Listed
- 45
- Reviewed
- 45
- Page
- 1/1
Options dApps at a glance
- Tracked
- 45
- Reviewed
- 45
- Total TVL
- $23.4M
- Avg. score
- 4.8/10
SkyBitcoins tracks 45 options dApps. Every one of them has a full review. Across the 31 with TVL data, the combined value locked is $23.4M. Hegic is the clear leader, holding 39% of it. The five largest make up 83% of the total; the median is $176K.
Ranked by TVL, Hegic ($9.09M), Deri V4 ($7.19M) and SOFA.org ($1.25M) lead the field. On SkyBitcoins scores, Bumper ranks first at 7.2/10, ahead of Derive V1 (6.4) and Zomma Protocol (5.2). The 17 rated options dApps average 4.8/10, and none scores 8 or above yet.
Most options dApps run on Ethereum (21), Arbitrum (19) and Base (9). 47% are deployed on more than one chain. Of the 23 with a confirmed status, 22 are active and 1 is inactive or wound down. In the past week, total value locked fell 1.0%. SOFA.org gained the most (+47.3%), while Flat Money V2 dropped the most (−5.2%).
Largest by TVL
- 1
Hegic$9.09M
- 2
Deri V4$7.19M
- 3
SOFA.org$1.25M
- 4
Flat Money V2$1.05M
- 5
Opyn Gamma$935K
Highest rated
- 1Bumper7.2
- 2
Derive V16.4
- 3
Zomma Protocol5.2
- 4
- 5
TYMIO5.0
| Chains | |||||
|---|---|---|---|---|---|
| 1 | BumperReviewed | — | — | — | 7.2 |
| 2 | Derive V1Reviewed | Ethereum, Arbitrum +1 | $134K | −0.1% | 6.4 |
| 3 | Zomma ProtocolReviewed | zkSync Era, Arbitrum | $79.8K | −0.0% | 5.2 |
| 4 | Flat Money V2Reviewed | Arbitrum, Optimism | $1.05M | −5.2% | 5.0 |
| 5 | TYMIOReviewed | Arbitrum, Ethereum | $197K | −1.0% | 5.0 |
| 6 | Rysk V1Reviewed | Arbitrum, Ethereum +1 | $193K | −0.0% | 5.0 |
| 7 | CallPutReviewed | Base | $186K | +1.9% | 4.8 |
| 8 | Premia V3Reviewed | Arbitrum | $65.6K | −87.7% | 4.8 |
| 9 | Pods FinanceReviewed | Polygon, Ethereum +1 | $389K | −0.1% | 4.7 |
| 10 | HegicReviewed | Arbitrum, Ethereum | $9.09M | +1.0% | 4.5 |
| 11 | Opyn GammaReviewed | Ethereum, Avalanche +1 | $935K | −1.5% | 4.5 |
| 12 | Stryke CLAMMReviewed | Arbitrum, Robinhood Chain +4 | $176K | −0.1% | 4.5 |
| 13 | Flat Money V1Reviewed | Base | $10 | −1.1% | 4.5 |
| 14 | LogiumReviewed | Ethereum | — | — | 4.5 |
| 15 | AuctusReviewed | Ethereum | $14.1K | −0.4% | 4.0 |
| 16 | Deri V4Reviewed | Linea, BNB Chain +10 | $7.19M | −1.9% | 3.5 |
| 17 | Opyn ConvexityReviewed | Ethereum | $524K | −1.2% | 3.2 |
| 18 | SOFA.orgReviewed | Ethereum, Arbitrum +2 | $1.25M | +47.3% | — |
| 19 | PsyOptionsReviewed | Solana | $533K | −3.8% | — |
| 20 | FinNexusReviewed | Ethereum, BNB Chain +1 | $232K | −0.1% | — |
| 21 | Dual FinanceReviewed | Solana | $227K | −2.2% | — |
| 22 | Thetanuts FinanceReviewed | Ethereum, Base +12 | $222K | −0.8% | — |
| 23 | Premia V2Reviewed | Arbitrum, Optimism +3 | $208K | −1.2% | — |
| 24 | Cega V2Reviewed | Arbitrum, Ethereum | $108K | −0.2% | — |
| 25 | Carmine OptionsReviewed | Starknet | $90.7K | −0.8% | — |
| 26 | LienReviewed | Ethereum | $82.0K | −0.9% | — |
| 27 | OpiumReviewed | Ethereum, Polygon +2 | $73.5K | −0.3% | — |
| 28 | OddzReviewed | Avalanche, BNB Chain +2 | $59.2K | −0.1% | — |
| 29 | GammaSwap Open InterestReviewed | Arbitrum, Base +1 | $45.8K | −2.4% | — |
| 30 | BaseVolReviewed | Base | $33.9K | +0.0% | — |
| 31 | Margin ZeroReviewed | Sonic | $27.5K | −4.4% | — |
| 32 | TON HedgeReviewed | TON | $25.3K | −0.0% | — |
| 33 | DeltaThetaReviewed | BNB Chain, Polygon | $1.70K | −1.0% | — |
| 34 | ShieldReviewed | BNB Chain | $0 | — | — |
| 35 | OptionBlitzReviewed | Arbitrum | $0 | — | — |
| 36 | EuphoriaReviewed | MegaETH | — | — | — |
| 37 | SirenReviewed | Ethereum | — | — | — |
| 38 | LyraReviewed | Optimism, Arbitrum | — | — | — |
| 39 | HiloReviewed | Ethereum | — | — | — |
| 40 | BaexReviewed | Ethereum | — | — | — |
| 41 | SupervolReviewed | Soneium | — | — | — |
| 42 | YolorektReviewed | — | — | — | — |
| 43 | BitswingReviewed | Ethereum | — | — | — |
| 44 | GakexReviewed | Tron | — | — | — |
| 45 | Pokpok ProtocolReviewed | Base | — | — | — |
Ranked by SkyBitcoins score, then total value locked. Click a column to re-sort this page. TVL data via DefiLlama.
Where they run
Options dApps by chain
- 1Ethereum2147%
- 2Arbitrum1942%
- 3Base920%
- 4BNB Chain920%
- 5Polygon613%
- 6Optimism49%
- 7Avalanche37%
- 8Sonic37%
- 9zkSync Era24%
- 10Hyperliquid L124%
- 11Robinhood Chain24%
- 12Blast24%
- 13Polygon zkEVM24%
- 14Solana24%
- 15Fantom24%
Frequently asked questions
What is the largest options dApp by TVL?
Which options dApp has the highest SkyBitcoins score?
Bumper has the highest score at 7.2/10, ahead of Derive V1 (6.4) and Zomma Protocol (5.2). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.
How many options dApps does SkyBitcoins track?
SkyBitcoins tracks 45 options dApps. Of these, 45 have a full review and 31 report value locked, $23.4M in total.
What chains do most options dApps run on?
Which options dApps grew the most this week?
Among options dApps with at least $1M locked, SOFA.org had the biggest 7-day TVL gain (+47.3%) and Flat Money V2 the biggest drop (−5.2%). Combined TVL moved −1.0% over the same seven days.
What is the average score for options dApps?
The 17 rated options dApps average 4.8 out of 10. Of these, 0 score 8 or higher and 11 score below 5.