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10 Best Decentralized Perpetuals Exchanges 2025

10 Best Decentralized Perpetuals Exchanges 2025

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

PlatformKey Points
EvoDeFiOffers decentralized perpetual trading with a focus on low fees and high liquidity.
dYdXRenowned for advanced trading tools, margin trading, and low latency on perpetual contracts.
Drift ProtocolA decentralized platform focused on trading perpetual contracts with high capital efficiency.
SynFuturesSpecializes in decentralized futures trading, providing synthetic assets and unique derivatives.
KwentaA decentralized trading platform that offers leverage and derivatives on the Synthetix network.
OpenOceanAggregates liquidity from multiple decentralized exchanges to offer seamless perpetual and spot trading.
1inchA decentralized exchange aggregator that optimizes trades across different platforms for better pricing.
DeribitPrimarily a centralized exchange, but known for its decentralized features like perpetual swaps.
Perp ExchangeFocuses on decentralized perpetual futures trading, offering a non-custodial, user-friendly experience.
Injective ProtocolA 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.

dYdX

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

AspectDetails
Platform TypeDecentralized Perpetuals Exchange
Key FeaturesAdvanced margin trading, perpetual contracts, spot trading, and high liquidity
SecurityNon-custodial, secure smart contracts, decentralized governance
Trading PairsExtensive range of perpetual contract pairs across multiple asset classes
FeesLow trading fees with fee discount programs
LiquidityHigh liquidity due to integration with top liquidity providers
User ExperienceUser-friendly interface, professional trading tools, real-time market data
LeverageUp to 25x leverage available for perpetual contracts
Supported ChainsEthereum and StarkEx (Layer-2 solution for faster, cheaper transactions)
Unique Selling PointHigh-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.

Drift Protocol

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.

AspectDetails
Platform TypeDecentralized Perpetuals Exchange
Key FeaturesCapital-efficient perpetual trading, dynamic liquidity, and low slippage
SecurityNon-custodial, decentralized governance, smart contract security
Trading PairsVarious perpetual contract pairs, including major crypto assets
FeesLow fees with high-efficiency execution and competitive pricing
LiquidityInnovative liquidity pools and optimized order routing to minimize slippage
User ExperienceIntuitive interface with advanced trading tools and seamless user experience
LeverageUp to 10x leverage for perpetual contracts
Supported ChainsSolana blockchain for fast and low-cost transactions
Unique Selling PointEnhanced 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.

SynFutures

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.

AspectDetails
Platform TypeDecentralized Perpetuals Exchange
Key FeaturesSynthetic asset derivatives, perpetual contracts, and cross-chain trading
SecurityNon-custodial, smart contract-based with decentralized governance
Trading PairsWide range of synthetic assets and perpetual contract pairs
FeesCompetitive fees with low slippage and optimized execution
LiquidityDeep liquidity pools, integration with various decentralized protocols
User ExperienceSimple interface with advanced order types and risk management tools
LeverageFlexible leverage for perpetual contracts
Supported ChainsEthereum, Binance Smart Chain, and other compatible chains
Unique Selling PointAccess 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.

Kwenta

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.

AspectDetails
Platform TypeDecentralized Perpetuals Exchange
Key FeaturesLeveraged trading, synthetic assets, decentralized order book
SecurityNon-custodial, built on the Synthetix network with secure smart contracts
Trading PairsSynthetic assets, major crypto pairs, and decentralized derivatives
FeesLow trading fees with optimized slippage and execution
LiquidityHigh liquidity from the Synthetix liquidity pool and decentralized sources
User ExperienceClean interface with professional tools for advanced traders
LeverageUp to 20x leverage for perpetual contracts
Supported ChainsEthereum and Layer 2 solutions via Optimism for fast, low-cost transactions
Unique Selling PointIntegration 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.

OpenOcean

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.

AspectDetails
Platform TypeDecentralized Exchange Aggregator for Perpetuals
Key FeaturesLiquidity aggregation, cross-chain trading, low slippage, and fee optimization
SecurityNon-custodial, decentralized, and transparent order execution
Trading PairsWide range of perpetual contract pairs sourced from multiple decentralized exchanges
FeesCompetitive fees with optimized routing across various DEXs
LiquidityAggregates liquidity from multiple decentralized exchanges for better execution
User ExperienceEasy-to-use interface, quick trade execution, and cross-chain support
LeverageOffers leverage through integrated protocols (varies by liquidity source)
Supported ChainsEthereum, Binance Smart Chain, Avalanche, and other major chains
Unique Selling PointCross-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.

1inch

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.

AspectDetails
Platform TypeDecentralized Exchange Aggregator for Perpetuals
Key FeaturesLiquidity aggregation, optimized routing for better pricing, low slippage
SecurityNon-custodial, decentralized, and transparent trade execution
Trading PairsWide range of perpetual contract pairs sourced from various decentralized platforms
FeesOptimized fees by splitting orders across multiple DEXs
LiquidityAggregates liquidity from top decentralized exchanges for better execution
User ExperienceSimple interface, fast and efficient trade execution, real-time price discovery
LeverageLeverage offered through integrated protocols (varies based on the exchange)
Supported ChainsEthereum, Binance Smart Chain, and other major chains
Unique Selling PointIntelligent 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.

Deribit

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.

AspectDetails
Platform TypeHybrid exchange (centralized but supports decentralized features)
Key FeaturesPerpetual contracts, futures, high liquidity, low fees, and advanced risk management
SecurityAdvanced security features with two-factor authentication and cold storage
Trading PairsCrypto perpetuals and futures, primarily Bitcoin and Ethereum
FeesLow trading fees with discounts for high-volume traders
LiquidityDeep liquidity pools, especially for major crypto assets like BTC and ETH
User ExperienceProfessional interface with advanced trading tools for experienced traders
LeverageUp to 100x leverage for perpetual contracts
Supported ChainsPrimarily Ethereum and Bitcoin (Centralized with decentralized features)
Unique Selling PointHigh 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

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.

AspectDetails
Platform TypeDecentralized Perpetuals Exchange
Key FeaturesNon-custodial, decentralized perpetual trading with advanced order types
SecurityFully decentralized, secure smart contracts, and on-chain risk management
Trading PairsVarious perpetual contract pairs with major crypto assets
FeesLow fees with minimal slippage and transparent pricing
LiquidityLiquidity pools from decentralized protocols and community-driven liquidity
User ExperienceSimple, intuitive interface designed for seamless trading
LeverageUp to 10x leverage available for perpetual contracts
Supported ChainsEthereum and Layer-2 solutions (Optimism) for faster transactions
Unique Selling PointCompletely 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.

Injective Protocol

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.

AspectDetails
Platform TypeDecentralized Perpetuals Exchange on Layer-2
Key FeaturesFully decentralized, cross-chain trading, high-speed execution
SecurityNon-custodial, built on Cosmos SDK with secure smart contracts
Trading PairsA wide range of crypto assets and derivatives, including perpetual contracts
FeesZero fees for trading and fast transaction execution
LiquidityDeep liquidity with integration from various decentralized protocols
User ExperienceUser-friendly interface with real-time trading data and advanced features
LeverageUp to 20x leverage for perpetual contracts
Supported ChainsCosmos-based Layer-2 and Ethereum-compatible chains for cross-chain trading
Unique Selling PointHigh-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.

EvoDeFi

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.

AspectDetails
Platform TypeDecentralized Perpetuals Exchange
Key FeaturesDecentralized trading, innovative risk management, low fees, and liquidity pools
SecurityNon-custodial with smart contract security and decentralized governance
Trading PairsDiverse perpetual contract pairs across multiple assets
FeesCompetitive fees with optimized execution and minimal slippage
LiquidityDeep liquidity pools with community-driven market making
User ExperienceIntuitive and user-friendly interface with advanced risk management tools
LeverageFlexible leverage options for perpetual contracts
Supported ChainsEthereum, Binance Smart Chain, and other popular DeFi-compatible blockchains
Unique Selling PointFocus 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.

Frank Hamilton has been working as an editor at essay review service Best Writers Online. He is a professional writing expert in such topics as blogging, digital marketing and self-education. He also loves traveling and speaks Spanish, French, German and English.