What Is a Perpetual DEX? On-Chain Perps Explained
A perpetual DEX lets you trade leveraged contracts on-chain with no central custodian. The matching engine, custody, and pricing all work very differently from Binance or Bybit.
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A perpetual DEX lets you trade leveraged contracts on-chain with no central custodian. The matching engine, custody, and pricing all work very differently from Binance or Bybit.
A perpetual DEX lets users trade leveraged futures on crypto without an expiry, directly from a wallet. Here is how the on-chain versions work and the trade-offs.
Perpetual futures let you bet on crypto price with leverage and no expiry, but funding fees and liquidation risk make them far more dangerous than spot trading.
Ondo Finance CEO Ian De Bode has confirmed that Ondo Perps — billed as the first perpetuals trading platform built…
A CFTC staff advisory and parallel approvals for KalshiEX and Coinbase Financial Markets mark the first time retail-accessible BTC perps can be traded onshore — pulling roughly 80% of global crypto…
The CFTC-approved BTCPERP, tracking spot BTC, lands as Polymarket races toward a public perp launch — turning prediction-market venues into a credible alternative rail for leveraged Bitcoin exposure.
Kalshi's launch of crypto perpetual contracts under CFTC oversight has triggered a public fight between derivatives…
CME Group CEO Terry Duffy has issued a stark warning about the push to introduce perpetual futures contracts in US…
The contracts are synthetic — no equity, no shareholder rights — but they tap the same $13T private-market demand pool that pulled Injective, Bitget, and Robinhood into the same trade this year.
Hyperliquid runs a fully on-chain central limit orderbook for perps. Here's how matching, funding, and liquidations actually work under the hood.
Kraken is weeks away from launching regulated perpetual futures on Kraken Pro, after securing CFTC-regulated futures…
Wall Street's biggest dealer is telling clients the perps market is a retail and momentum-trader venue, not an institutional hedging primitive, and that concentration in offshore books makes depth…
Selig's Bankless remarks signal Washington may rewrite decades-old exchange rules to let 24/7 on-chain derivatives venues register in the US — if investor protections and disclosures are met.
The legacy NFT marketplace is borrowing Hyperliquid's onchain order book to enter perps — a category pivot that puts OpenSea back on the front page of active traders' workflows, not just collectors'.
SPCX/USDT perpetuals on Binance logged $3.385 billion in trading volume over 24 hours, according to Coinglass data —…
The Kalshi listing pulls BTC perps onto a CFTC-registered venue for the first time — and the Coinbase-Deribit margin no-action clears the runway for institutional perp flow onshore.
Both run their own appchains with on-chain order books, but Hyperliquid's custom L1 and dYdX's Cosmos chain differ sharply on fees, validator decentralization, and token utility.
LINKPERP lands as institutional ETF holdings cross $101M with zero outflow days since the December inception — but the token itself trades near $7.88, splitting the signal for traders.
The Hyperliquid listing gives institutions their first real hedging rail against a crypto-native perps DEX — but the venue's weekend-only maintenance windows leave a gap sharp enough to matter.
Aptos shipped its mainnet, but daily activity is still a fraction of Solana's. Here is what actually lives on the chain, who uses it, and where the risks sit.