Nado is the orderbook DEX where raw power collides with surgical precision to unleash breathtaking performance for traders. Trade spot and perpetuals via unified margin, where kinetic collateral dynamically flows across positions — netting risks in real-time for superior capital efficiency.

Avantis is an oracle-based synthetic derivatives protocol where users can trade crypto and real world assets with up to 100x leverage, and earn yield as a market-maker by providing USDC liquidity.

Hyperliquid is a performant L1 optimized from the ground up. The vision is a fully onchain open financial system with user built applications interfacing with performant native components, all without compromising end user experience. The Hyperliquid L1 is performant enough to operate an entire ecosystem of permissionless financial applications – every order, cancel, trade, and liquidation happens transparently on-chain with block latency <1 second. The flagship native application is a fully onchain order book perpetuals exchange, the Hyperliquid DEX.

Rain is a decentralized prediction and options protocol on Arbitrum. At the core is $RAIN - a token designed with a deflationary engine that burns 2.5% of every trade volume, reducing supply as usage grows.

RateX Protocol is a decentralized exchange (DEX) built on Solana. RateX offers leveraged yield trading, similar to perpetual futures contracts, allowing users to gain exposure to underlying assets with a much larger position size compared to their deposited margin. To fully unlock the potential of yield trading, RateX offers three tightly integrated features: Leveraged Yield Trading, Earn, and Synthetic Assets.

Lighter is a perpetual trading protocol that introduces a scalable, secure, transparent, non-custodial, and verifiable order book trading infrastructure within the Ethereum ecosystem. As an application-specific zk-rollup, it employs advanced cryptographic techniques and data structures. Lighter significantly improves the security and fairness of order book trading with its verifiable matching engine, ensuring scalable and efficient market price discovery. Thus, Lighter lays the groundwork for creating new, high-performance, and secure digital trading platforms.

Hertzflow is a blockchain-based leveraged trading platform enabling users to trade various assets directly from wallets with decentralized finance services and asset control.

StandX is a perpetual DEX that enables users to trade with yield-earning margins. DUSD is StandX's first product - a yield-bearing stablecoin.

MYX Finance is the Chain-Abstracted Perpetual DEX built for the democratizing alpha on-chain. MYX Finance lets anyone trade perpetual contracts on any token—from blue-chip assets to the newest meme coin—with deep liquidity, 1 bp fees, and a seamless UX—all without surrendering keys or jumping chains.

Ethereal is a decentralized spot and perpetual DEX based on Ethena. Ethereal aims to fully utilize the power of USDe within a high performance onchain finance environment to provide users with a one-stop-shop for all their core DeFi needs in a single vertically integrated application.

Dolomite is a next-generation margin trading and lending protocol.

Lyra is an automated market maker (AMM) for options, allowing traders to buy and sell options on cryptocurrencies from a pool of liquidity. Liquidity providers (LPs) deposit sUSD (a stablecoin) into one of the asset-specific Lyra Market Maker Vaults (MMVs). This liquidity is used to create two-way (buy and sell) options markets for the asset that the vault holds (e.g. ETH Market Maker Vault LPs quote options on ETH). LPs deposit liquidity into the vault to receive the fees paid when options are traded. Traders use Lyra to trade options, either buying options from or selling options to the MMV. They pay fees (in the form of the market-making spread) to LPs, as payment for their liquidity.

Jupiter is a Solana-based DEX aggregator that aggregates liquidity for traders looking for the best possible prices with minimal slippage. Though Jupiter was initially conceived as a swap engine, the protocol has evolved significantly to include a number of different products for different kinds of users such as: Dollar-Cost Averaging (DCA), limit orders, perpetual trading, and, most recently, a launchpad.

Pendle is a yield trading protocol that allows users to tokenize and trade future yields by leveraging top yield-generating protocols such as Aave, Compound, and Wonderland. Similar to stripped bonds in traditional finance, Pendle splits yield-bearing assets into tokenized ownership (zero-coupon bonds) and yield components (coupons), enabling innovative yield trading opportunities.

Synthetix is a decentralized platform for synthetic assets that provides on-chain exposure to real-world currencies, commodities, stocks, and indices. These synthetic assets (Synths) are backed by Synthetix Network Tokens (SNX) locked into a smart contract as collateral. The protocol also issued a stablecoin sUSD. Synths track the prices of various assets, allowing crypto-native and unbanked users to trade peer-to-contract (P2C) on Synthetix Exchange without liquidity restrictions.

Drift Protocol is a Solana on-chain asset trading center, offer Perps, Prediction Market and so on services.

Hyena is a decentralized perpetual trading platform.

ApeX is a multi-chain decentralized trading protocol based on zero-knowledge proof. It provides contracts and spot transactions under the self-custody of user assets. Its product lines include crypto-perpetual contracts, leveraged event prediction contracts, vault treasury, usdt one-click trading of multi-chain assets and US stock spot.

Boros is a DeFi protocol where users can trade funding rates on margin.

Pacifica is building the next generation decentralized perpetual trading platform.

Felix is a synthetic dollar protocol on Hyperliquid L1 that allows users to deposit collateral and borrow feUSD to earn income using Felix vaults.

DeFituna is a CLMM Leverage protocol on Solana that provide even more Liquidity. User can Short , Long or stay Delta neutral.

Tradoor is an NDMM exchange using smart math and safety measures to allow people to trade with confidence and protecting traders, LPs, and the protocol from unexpected market changes.

PRDT Finance is a decentralized prediction platform that provides a secure, user-friendly cross-chain environment for binary options trading. PRDT Finance features a more innovative and attractive reward system, such as the thrill of winning big, an interactive coin flip game, the chance to get treasure chests containing various rewards, and other features.

Xwin Finance is a DeFi strategy platform that allows users to increase returns through its index and trading vaults.

VOOI is a perpetual DEX aggregator supporting both EVM and non-EVM networks, offering flexibility to integrate additional networks and perpetual DEXs as needed. By focusing on chain and account abstraction, VOOI simplifies leveraged trading across supported DEXs, making user interactions seamless across any supported network.

Fulcrom Finance is a decentralized perpetual exchange on Cronos and zkSync Era that allows users to trade leveraged positions with up to 75x leverage, low fees, and zero price impact, whilst having the peace of mind that all trades and collateral are stored transparently on-chain. Fulcrom Finance is incubated by Cronos Labs.

Pear Protocol is an on-chain spread trading platform that enables users to create leveraged long and short positions on different assets. Spread trading, or pair trading specifically, is the concept of shorting one asset while going long on another.

Rysk Finance is spearheading on-chain market making for DeFi derivatives, while resolving long-standing industry complexities around generating higher returns per unit of risk taken for liquidity providers. Rysk's signature product, the Dynamic Hedging Vault (DHV), is a dynamic, self-governing options Automated Market Maker (AMM), generating uncorrelated returns for liquidity providers through options trading.

Pika Protocol is an exchange for perpetual swaps on Optimism, allowing users to trade both Forex and Crypto with up to 100x leverage and nearly zero slippage.