Perp DEX

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Drift Protocol

Largest Solana perp DEX with cross-margin and JIT auction liquidity.

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dYdX

Decentralized perpetuals exchange with its own Cosmos-based chain.

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GMX

Decentralized perp exchange on Arbitrum and Avalanche with multi-asset GLP pool.

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Hyperliquid

Leading onchain perp DEX with custom L1 and deep stablecoin-margined liquidity.

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Vertex Protocol

Cross-margined orderbook+AMM perps and spot DEX across multiple L2s.

ExchangesPerp DEX