In this article, I will discuss the best decentralized perpetuals exchanges, which provide users with a secure and transparent platform to trade perpetual contracts without relying on centralized intermediaries.
These exchanges offer advanced features such as high leverage, low fees, and access to a wide range of assets, ensuring a seamless trading experience for both beginners and seasoned traders.
Key Points & Best Decentralized Perpetuals Exchanges
| Platform | Key Points |
|---|---|
| EvoDeFi | Offers decentralized perpetual trading with a focus on low fees and high liquidity. |
| dYdX | Renowned for advanced trading tools, margin trading, and low latency on perpetual contracts. |
| Drift Protocol | A decentralized platform focused on trading perpetual contracts with high capital efficiency. |
| SynFutures | Specializes in decentralized futures trading, providing synthetic assets and unique derivatives. |
| Kwenta | A decentralized trading platform that offers leverage and derivatives on the Synthetix network. |
| OpenOcean | Aggregates liquidity from multiple decentralized exchanges to offer seamless perpetual and spot trading. |
| 1inch | A decentralized exchange aggregator that optimizes trades across different platforms for better pricing. |
| Deribit | Primarily a centralized exchange, but known for its decentralized features like perpetual swaps. |
| Perp Exchange | Focuses on decentralized perpetual futures trading, offering a non-custodial, user-friendly experience. |
| Injective Protocol | A fully decentralized layer-2 protocol for trading perpetual contracts with fast execution and low fees. |
10 Best Decentralized Perpetuals Exchanges 2025
1.dYdX
The high dYdX volumetric trading and its decentalization make it one of the best decentralized perpetuals exchanges.
Users are allowed to have perpetual contract and margin trading on it. Its liquidity is very high and the fees are low, alongside with users having non-custodial access to their funds.
The platform has an appealing interface that comes with advanced charting, automated order placement, and other comprehensive order management features making it useful for novice traders and experienced ones.
Transparency and reliability is one of the many features of dYdX, as its innovative protocal design and security features improves it further. As a leading choice for decentralized terhaps trading, it is openly available on the market
| Aspect | Details |
|---|---|
| Platform Type | Decentralized Perpetuals Exchange |
| Key Features | Advanced margin trading, perpetual contracts, spot trading, and high liquidity |
| Security | Non-custodial, secure smart contracts, decentralized governance |
| Trading Pairs | Extensive range of perpetual contract pairs across multiple asset classes |
| Fees | Low trading fees with fee discount programs |
| Liquidity | High liquidity due to integration with top liquidity providers |
| User Experience | User-friendly interface, professional trading tools, real-time market data |
| Leverage | Up to 25x leverage available for perpetual contracts |
| Supported Chains | Ethereum and StarkEx (Layer-2 solution for faster, cheaper transactions) |
| Unique Selling Point | High-frequency, advanced trading features combined with decentralized security |
2.Drift Protocol
The Drift Protocol is an emerging top-performer in decentralized perpetual exchanges, focusing on capital efficiency and Liquidity. It applies advanced mechanisms to allow users to trade perpetual contracts with high leverage and minimal slippage.
The protocol is designed not only to provide reward but also to successfully mitigate risk by assuring traders of dependable price feeds and effective risk management systems.
With its transparent operations and decentralized governance, Drift Protocol guarantees reliable and efficient trading. Its user-centered approach, along with favorable reputation and fee structure, also establishes the Protocol as one of the best decentralized perpetuals for advanced derivative traders.
| Aspect | Details |
|---|---|
| Platform Type | Decentralized Perpetuals Exchange |
| Key Features | Capital-efficient perpetual trading, dynamic liquidity, and low slippage |
| Security | Non-custodial, decentralized governance, smart contract security |
| Trading Pairs | Various perpetual contract pairs, including major crypto assets |
| Fees | Low fees with high-efficiency execution and competitive pricing |
| Liquidity | Innovative liquidity pools and optimized order routing to minimize slippage |
| User Experience | Intuitive interface with advanced trading tools and seamless user experience |
| Leverage | Up to 10x leverage for perpetual contracts |
| Supported Chains | Solana blockchain for fast and low-cost transactions |
| Unique Selling Point | Enhanced capital efficiency and decentralized risk management |
3.SynFutures
As a synthetic derivatives and perpetual contracts exchange, Syn Futures focuses on offering some of the best decentralized perpetuals exchanges on the market.
By using blockchain systems, SynFutures enables its users to be involved in a multitude of assets, all while not having to own the underlying securities, thus allowing the users to indulge in novel strategies of trading.
The platform, like many others, puts utmost focus on decentralization, security, and transparency, helping ensure trustless trade execution.
Its sophisticated interfaces caters to all trading skill levels, making it appealing to both novice and advanced traders, and further enhanced with competitive fee structures and robust risk management systems.
SynFutures is expanding to keep up with the demand of decentralized finance enthusiasts, continuously adding to their suite of derivative products.
| Aspect | Details |
|---|---|
| Platform Type | Decentralized Perpetuals Exchange |
| Key Features | Synthetic asset derivatives, perpetual contracts, and cross-chain trading |
| Security | Non-custodial, smart contract-based with decentralized governance |
| Trading Pairs | Wide range of synthetic assets and perpetual contract pairs |
| Fees | Competitive fees with low slippage and optimized execution |
| Liquidity | Deep liquidity pools, integration with various decentralized protocols |
| User Experience | Simple interface with advanced order types and risk management tools |
| Leverage | Flexible leverage for perpetual contracts |
| Supported Chains | Ethereum, Binance Smart Chain, and other compatible chains |
| Unique Selling Point | Access to synthetic assets and diverse trading options in a decentralized setup |
4.Kwenta
Kwenta has firmly established itself as one of the leading decentralized perpetuals exchanges, operating over the Synthetix network to enable seamless trading of derivatives.
It provides an intuitive platform alongside sophisticated trading options for advanced users with leveraged positions or short trades on decentralized markets.
While offering a complete ecosystem for perpetual contracts, Kwenta also emphasizes transparency and security.
Its integration with Synthetix further enables users to utilize synthetic assets alongside other trading pairs, making it easier for traders wanting to speculate or hedge on different markets.
Kwenta’s innovative design coupled with community-driven governance strengthens the firm’s position within the decentralized trading sphere.
| Aspect | Details |
|---|---|
| Platform Type | Decentralized Perpetuals Exchange |
| Key Features | Leveraged trading, synthetic assets, decentralized order book |
| Security | Non-custodial, built on the Synthetix network with secure smart contracts |
| Trading Pairs | Synthetic assets, major crypto pairs, and decentralized derivatives |
| Fees | Low trading fees with optimized slippage and execution |
| Liquidity | High liquidity from the Synthetix liquidity pool and decentralized sources |
| User Experience | Clean interface with professional tools for advanced traders |
| Leverage | Up to 20x leverage for perpetual contracts |
| Supported Chains | Ethereum and Layer 2 solutions via Optimism for fast, low-cost transactions |
| Unique Selling Point | Integration with Synthetix for access to synthetic assets and decentralized trading |
5.OpenOcean
Because of its proprietary aggregation technology that sources liquidity from differents providers, OpenOcean stands out as one of the best decentralized perpetuals exchanges integrated all over the blockchain.
The platform enjoys commanding market prices for perpetual contracts for slippage orders due to the fact that it aggregates multiple decentralized exchanges.
Regardless of their level of experience, users can always appreciate the easy interface, efficient execution of trades, and low fees offered by OpenOcean for both spot and derivative trading.
The reputation of the platform in the market is enhanced by its dedication to decentralization and security, its advanced innovation in liquidity offering deeper markets to traders.
With constant changes, OpenOcean leads the construction of infrastructure for new services in DeFi, which are focused on the changing needs of traders.
| Aspect | Details |
|---|---|
| Platform Type | Decentralized Exchange Aggregator for Perpetuals |
| Key Features | Liquidity aggregation, cross-chain trading, low slippage, and fee optimization |
| Security | Non-custodial, decentralized, and transparent order execution |
| Trading Pairs | Wide range of perpetual contract pairs sourced from multiple decentralized exchanges |
| Fees | Competitive fees with optimized routing across various DEXs |
| Liquidity | Aggregates liquidity from multiple decentralized exchanges for better execution |
| User Experience | Easy-to-use interface, quick trade execution, and cross-chain support |
| Leverage | Offers leverage through integrated protocols (varies by liquidity source) |
| Supported Chains | Ethereum, Binance Smart Chain, Avalanche, and other major chains |
| Unique Selling Point | Cross-chain liquidity aggregation for decentralized perpetual trading |
6.1inch
When talking about automated market makers exchanges, one of the names that come to mind is 1inch, as it is the best aggregator in the market which enhances trades in perpetuals across many liquidity venues.
For users trading perpetual contracts, it optimally partitions orders to obtain the most favorable execution prices.
On the other hand, the platform’s algorithms reduce slippage and fees, which enhances the efficiency and security of trade execution.
For decentralized blockchain trading, the platform combines powerful trading tools with intuitive design and strong security features.
Their open approach and the ability to make changes help develop a solution to the most advanced challenges one better imagine with 1inch.
| Aspect | Details |
|---|---|
| Platform Type | Decentralized Exchange Aggregator for Perpetuals |
| Key Features | Liquidity aggregation, optimized routing for better pricing, low slippage |
| Security | Non-custodial, decentralized, and transparent trade execution |
| Trading Pairs | Wide range of perpetual contract pairs sourced from various decentralized platforms |
| Fees | Optimized fees by splitting orders across multiple DEXs |
| Liquidity | Aggregates liquidity from top decentralized exchanges for better execution |
| User Experience | Simple interface, fast and efficient trade execution, real-time price discovery |
| Leverage | Leverage offered through integrated protocols (varies based on the exchange) |
| Supported Chains | Ethereum, Binance Smart Chain, and other major chains |
| Unique Selling Point | Intelligent routing that ensures the best trade execution and minimal slippage |
7.Deribit
Deribit is popular as a decentralized perpetuals exchange and is known for having a variety of derivatives.
With time, trustless trading of perpetual contracts has been made possible due to advancements from previously operating with a centralized component to now having fully decentralized features.
The platform is famous for its liqudity, having risk management systems, and deep markets as well as advanced HFT and leveraged trading capabilities.
The user-friendly interface along with live market information ensures traders are well equipped to make the best decisions at the right times.
Deribit is attractive to users at all levels of efficiency and innovation needs as it offers a blend of trust-centralized powerful systems and fully functional security decentralized features.
| Aspect | Details |
|---|---|
| Platform Type | Hybrid exchange (centralized but supports decentralized features) |
| Key Features | Perpetual contracts, futures, high liquidity, low fees, and advanced risk management |
| Security | Advanced security features with two-factor authentication and cold storage |
| Trading Pairs | Crypto perpetuals and futures, primarily Bitcoin and Ethereum |
| Fees | Low trading fees with discounts for high-volume traders |
| Liquidity | Deep liquidity pools, especially for major crypto assets like BTC and ETH |
| User Experience | Professional interface with advanced trading tools for experienced traders |
| Leverage | Up to 100x leverage for perpetual contracts |
| Supported Chains | Primarily Ethereum and Bitcoin (Centralized with decentralized features) |
| Unique Selling Point | High leverage and robust features for professional traders in crypto derivatives |
8.Perp Exchange
As one of the leading decentralized perpetual exchanges, Perp Exchange is known to have one of the most advanced self-custodial perpetual futures trading platform.
The protocol is user-centric by nature and guarantees transparency and security with on-chain trades that have little to no reliance on intermediaries.
With automated market making and live quote updating, trading at Perp Exchange is straightforward and effective.
Its competitive fee structure and strong liquidity pools cater to both retail and institutional traders, making the platform more versatile.
Perp Exchange is user-friendly, making it a preferred for traders looking for progressive perpetual solutions in a developing DeFi ecosystem and is always striving for the next best optimization.
| Aspect | Details |
|---|---|
| Platform Type | Decentralized Perpetuals Exchange |
| Key Features | Non-custodial, decentralized perpetual trading with advanced order types |
| Security | Fully decentralized, secure smart contracts, and on-chain risk management |
| Trading Pairs | Various perpetual contract pairs with major crypto assets |
| Fees | Low fees with minimal slippage and transparent pricing |
| Liquidity | Liquidity pools from decentralized protocols and community-driven liquidity |
| User Experience | Simple, intuitive interface designed for seamless trading |
| Leverage | Up to 10x leverage available for perpetual contracts |
| Supported Chains | Ethereum and Layer-2 solutions (Optimism) for faster transactions |
| Unique Selling Point | Completely decentralized, allowing users to trade directly from their wallets |
9.Injective Protocol
Injective Protocol is a decentralized exchange that supports perpetual contracts trading, offering users an unrivaled speed of trading along with industry-leading security of an entire trading platform.
Thanks to the layer-2 architecture, the platform is able to offer instant execution of trades at minimal fees, which are paying for the constant flow of active traders.
With cross-chain integration, users are able to trade different types of assets and derivatives from many different markets. Transparency and fairness are guaranteed with every trade through Injective Protocol with the help of its unmatched decentralized orderbook and sophisticated architecture.
Decentralized perpetual trading is practiced with the help of advanced technology that allows Injective Protocol to deeply integrate its users with cross-platform features.
Users are also able to benefit from the extensive risk management features that the platform has to offer. Along with community governance, traders have the freedom in how they want to engage in a truly open financial system.
| Aspect | Details |
|---|---|
| Platform Type | Decentralized Perpetuals Exchange on Layer-2 |
| Key Features | Fully decentralized, cross-chain trading, high-speed execution |
| Security | Non-custodial, built on Cosmos SDK with secure smart contracts |
| Trading Pairs | A wide range of crypto assets and derivatives, including perpetual contracts |
| Fees | Zero fees for trading and fast transaction execution |
| Liquidity | Deep liquidity with integration from various decentralized protocols |
| User Experience | User-friendly interface with real-time trading data and advanced features |
| Leverage | Up to 20x leverage for perpetual contracts |
| Supported Chains | Cosmos-based Layer-2 and Ethereum-compatible chains for cross-chain trading |
| Unique Selling Point | High-speed, zero-fee trading with cross-chain functionality and decentralized governance |
10.EvoDeFi
EvoDeFi is known for being one of the best decentralized perpetuals exchanges, taking a unique approach to DeFi by focusing on innovation and the users’ needs. The platform provides a safe and authentic space for perpetual trading without the need for intermediaries.
EvoDeFi facilitates effortless trading for both novice and expert traders by providing seamless, user friendly interfaces, competitive trading fees, and deep liquidity.
Automated market making with advanced risk management are enabled by its sophisticated protocol, guaranteeing hassle-free trading.
EvoDeFi has become the go-to platform for decentralized perpetual trading solutions because of its constant evolution with market demands and its unparalleled offerings.
| Aspect | Details |
|---|---|
| Platform Type | Decentralized Perpetuals Exchange |
| Key Features | Decentralized trading, innovative risk management, low fees, and liquidity pools |
| Security | Non-custodial with smart contract security and decentralized governance |
| Trading Pairs | Diverse perpetual contract pairs across multiple assets |
| Fees | Competitive fees with optimized execution and minimal slippage |
| Liquidity | Deep liquidity pools with community-driven market making |
| User Experience | Intuitive and user-friendly interface with advanced risk management tools |
| Leverage | Flexible leverage options for perpetual contracts |
| Supported Chains | Ethereum, Binance Smart Chain, and other popular DeFi-compatible blockchains |
| Unique Selling Point | Focus on decentralized governance and continuous evolution of the platform |
Conclusion
To wrap things up, it is noteworthy that decentralised perpetual exchanges have distinct features including robust security, low trading fees, and remarkable liquidity.
dYdX, Drift Protocol and Injective Protocol are active in providing modern user-friendly trading solutions and experiences accompanied with leverage and advanced trading options.
By focusing on decentralisation and clear objectives, these platforms enable their clients to trade in a secure manner within the confines of a decentralised financial environment.