Compare the Best Decentralized Perp DEXs
Find the perfect decentralized perpetual trading platform for your needs. Compare leverage, fees, security, and more across the top DeFi exchanges.
High Leverage
Up to 100x leverage
Lightning Fast
Instant execution
Secure
Non-custodial trading
Best Rates
Competitive fees
Featured Platforms
Top-rated decentralized perpetual trading platforms with the best features and highest trading volumes.
Aster
Founded 2025
24h Volume
Aster is a decentralized perpetual trading platform.
BNB, Solana, Ethereum, Arbitrum
BTC, ETH, SOL, AVAX, HYPE, and more.
Hyperliquid
Founded 2024
24h Volume
Hyperliquid is a decentralized perpetual trading platform.
Arbitrum
BTC, ETH, SOL, AVAX, HYPE, and more.
Compare All Platforms
Side-by-side comparison of all decentralized perpetual trading platforms. Click on column headers to sort by different criteria.
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What Are Decentralized Perpetual Trading Platforms?
Decentralized perpetual trading platforms (perp DEXs) are innovative DeFi protocols that allow users to trade perpetual futures contracts directly on the blockchain, without the need for a centralized intermediary. Unlike traditional exchanges, these platforms operate in a trustless, permissionless, and non-custodial manner, giving traders full control over their assets and privacy.
- No KYC Required:Trade anonymously without submitting personal documents or undergoing lengthy verification processes.
- Airdrop Opportunities:Many perp DEXs reward active users with airdrops, loyalty programs, and governance tokens, allowing you to farm future value while trading.
- Decentralized & Non-Custodial:Your funds always remain in your wallet. There is no risk of exchange hacks or withdrawal freezes.
- Competitive Fees:Perp DEXs often offer lower trading fees compared to centralized platforms, especially for high-volume traders.
- Global Access:Anyone with an internet connection and a crypto wallet can participate, regardless of location or nationality.
Perpetual contracts are derivatives that allow traders to speculate on the price of cryptocurrencies without an expiry date. This means you can hold positions as long as you want, with the flexibility to go long or short on a wide range of assets, including BTC, ETH, and many altcoins. Decentralized perpetual platforms use smart contracts to automate trading, settlement, and risk management, ensuring transparency and fairness for all participants.
By using a perp DEX, you benefit from censorship resistance, self-custody, and the ability to participate in the rapidly growing DeFi ecosystem. Whether you're a professional trader or a DeFi enthusiast, decentralized perpetual trading platforms offer a powerful alternative to traditional exchanges.
Understanding Leverage: Power & Risk
Leverage allows traders to open positions larger than their account balance by borrowing funds from the protocol. For example, with 10x leverage, a $100 deposit lets you control a $1,000 position. This can amplify both profits and losses, making leverage a double-edged sword.
- Amplified Gains:Small price movements can result in significant profits when using leverage.
- Increased Risk:Losses are also magnified, and you can be liquidated if the market moves against your position.
- Risk Management:Always use stop-loss orders and only risk what you can afford to lose. Understand the platform's liquidation mechanics before trading with leverage.
Leverage is a powerful tool for experienced traders but can be risky for beginners. It's essential to educate yourself, start with low leverage, and practice responsible trading to avoid significant losses.
Decentralized perpetual trading platforms provide transparent and fair leverage mechanics, with all rules enforced by smart contracts. This ensures that all traders are treated equally and that risks are clearly defined.