Coinranking
Perpetual DEX Coins
75 coins #27| | Coins | | | ||
|---|---|---|---|---|---|
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| | 1 |  Hyperliquid HYPE | | -2.23% | |
| | 2 |  Aster ASTER | | -0.52% | |
| | 3 |  Jupiter JUP | | -2.51% | |
| | 4 |  dYdX Token DYDX | | -2.94% | |
| | 5 |  GMX GMX | | -4.61% | |
| | 6 |  Avantis AVNT | | -3.40% | |
| | 7 |  ApeX Protocol APEX | | -2.84% | |
| | 8 |  Arkham ARKM | | -3.26% | |
| | 9 |  MYX MYX | | -1.71% | |
| | 10 |  WOO Network WOO | | -2.79% | |
| | 11 |  Aevo AEVO | | -3.56% | |
| | 12 |  TRADOOR TRADOOR | | -0.83% | |
| | 13 |  Orderly Network ORDER | | -1.16% | |
| | 14 |  SynFutures F | | -3.95% | |
| | 15 |  Rujira RUJI | | -5.98% | |
| | 16 |  Gains Network GNS | | +2.91% | |
| | 17 |  Bluefin BLUE | | -2.43% | |
| The coins below are ranked lower due to missing data. Learn more | |||||
| | 18 |  APX APX | | -0.00% | |
| | 19 |  MCDex MCB | | +0.30% | |
| | 20 |  Quickswap[New] QUICK | | -2.40% | |
| | 21 |  Cryptex CTX | | +0.68% | |
| | 22 |  Perpetual Protocol PERP | | +0.15% | |
| | 23 |  KiloEx Token KILO | | +0.00% | |
| | 24 |  Fulcrom Finance FUL | | +1.41% | |
| | 25 |  Zeta ZEX | | +1.47% | |
| | 26 |  Kromatika Finance KROM | | +4.83% | |
| | 27 |  Full Moon FM | | +7.22% | |
| | 28 |  AARK Token AARK | | -3.31% | |
| | 29 |  Deri Protocol DERI | | +2.01% | |
| | 30 |  Overlay OVL | | +0.00% | |
| | 31 |  IDEX IDEX | | -6.82% | |
| | 32 |  Superp (Formerly Vanilla Finance) $SUP | | -10.31% | |
| | 33 |  LogX Network LOGX | | -0.19% | |
| | 34 |  Mango MNGO | | +0.56% | |
| | 35 |  Metavault MVX | | -0.02% | |
| | 36 |  handleFOREX FOREX | | -0.80% | |
| | 37 |  OX Coin OX | | -3.29% | |
| | 38 |  FDX FDX | | +2.55% | |
| | 39 |  TLX DAO Token TLX | | --% | |
| | 40 |  Your Future Exchange YFX | | --% | |
| | 41 |  SakeToken SAKE | | --% | |
| | 42 |  Yieldification YDF | | --% | |
| | 43 |  Vela Token VELA | | --% | |
| | 44 |  Roseon ROSN | | --% | |
| | 45 |  Vertex VRTX | | --% | |
| | 46 |  Horizon Protocol HZN | | --% | |
| | 47 |  Futureswap FST | | --% | |
| | 48 |  Kwenta KWENTA | | --% | |
| | 49 |  Level LVL | | --% | |
| | 50 |  RabbitX RBX | | --% | |
Trending Perpetual DEX Coins
| Coins | Live Price | 24h |
|---|
Top Gainers
| Coins | | | |||
|---|---|---|---|---|---|
| | Gains Network GNS | | +2.91% | ||
| | Aster ASTER | | -0.52% | ||
| | TRADOOR TRADOOR | | -0.83% | ||
| | Orderly Network ORDER | | -1.16% | ||
| | MYX MYX | | -1.71% | ||
| All Gainers | |||||
Market Cap
What Are Perpetual DEX Coins?
Perpetual DEX coins are the tokens of perp DEXs, decentralized exchanges where people trade perpetual futures. A perpetual future is a contract that tracks the price of an asset and has no expiry date. This perp DEX list ranks these coins by market cap, with live prices and daily price changes.
Quick Facts
- Meaning: Perp DEX is short for perpetual decentralized exchange.
- Products: Perpetual futures with leverage, for both long and short trades.
- Custody: Traders keep control of their funds in their own wallet or a smart contract.
- Examples: Hyperliquid, dYdX and GMX are well-known perp DEXs with their own tokens.
- Ranking: We rank perp DEX coins by market cap. Market cap is the price times the coins in circulation.
How Perpetual DEXs Work
On a perp DEX, you deposit collateral, often a stablecoin. You then open a long position if you expect the price to rise, or a short if you expect it to fall. Leverage lets you open a larger position than your deposit.
Perpetual futures have no end date. To keep the contract price close to the real market price, perp DEXs use funding rates. These are small payments between long and short traders. If your losses get too close to your collateral, the position is closed. This is called liquidation.
Types of Perp DEXs
- Order book DEXs: Match buyers and sellers, like a classic exchange. Hyperliquid and dYdX use this model on their own blockchains.
- Pool-based DEXs: Traders trade against a shared pool of funds from liquidity providers. GMX is a known example.
Perp DEX vs Centralized Exchange
A centralized exchange holds your funds and often asks for identity checks. A perp DEX runs on smart contracts or its own chain, so you keep control of your keys. Centralized exchanges may offer more markets, while perp DEXs show trades openly on-chain.
Risks
Leverage can wipe out your deposit fast. Smart contract bugs, oracle errors and market manipulation have caused losses on some platforms. A perp DEX token can also fall even when the exchange does well. Trading rules differ by country, so check what applies to you.
Related Lists
Frequently Asked Questions
- What is a perp DEX?
A perp DEX is a decentralized exchange for trading perpetual futures. These are contracts that track an asset's price and never expire. Traders can go long or short with leverage while keeping control of their own funds. Well-known perp DEXs include Hyperliquid, dYdX and GMX.
- What is the best perp DEX?
We do not give investment advice. The list above ranks perp DEX coins by market cap, with live prices. To compare them, look at market cap, trading volume, daily price change and project age. Also check fees, available markets, security history and how open the platform is about its risks.
- How do perpetual futures work on a DEX?
You deposit collateral and open a long or short position, often with leverage. The contract has no expiry date. Funding rates, which are payments between long and short traders, keep its price near the market price. If losses get too close to your collateral, the position is liquidated.
- What is a perp DEX coin used for?
A perp DEX coin is the native token of a perpetual exchange. Depending on the platform, holders can vote on changes, get lower trading fees, stake the token or share in fees. Some perp DEXs run on their own blockchain, where the token also pays for network fees.
- Are perp DEXs safe?
Perp DEXs carry high risk. Leverage can wipe out your deposit in minutes. Smart contract bugs, price oracle errors and market manipulation have caused losses on some platforms. Start small, understand liquidation, use only funds you can afford to lose, and check the rules where you live.
- What is the difference between a perp DEX and a regular DEX?
A regular DEX lets you swap one token for another at the current price. A perp DEX lets you trade perpetual futures contracts, often with leverage, without owning the asset itself. Perp DEXs also let you profit from falling prices by opening a short position.