Derivatives

Protocols for on-chain perpetuals, options, and other instruments whose value derives from an underlying asset.

8 coins covered.

• DeriveDRV

  Derive is a decentralized protocol that creates programmable onchain options, perpetuals, and structured products.

• dYdXDYDX

  The leading decentralized perpetual futures exchange — now running its own Cosmos appchain for full sovereignty.

• GMXGMX

  Decentralized perpetual exchange distributing 30% of platform fees to stakers in ETH — the poster child for real yield in DeFi.

• HyperliquidHYPE

  Hyperliquid is a layer one (L1) blockchain best known for perpetual futures and spot trading.

• InjectiveINJ

  Purpose-built blockchain for finance — enabling fully decentralized derivatives, prediction markets, and interchain DeFi.

• NumeraireNMR

  Numeraire (NMR) is a DeFi protocol token.

• PendlePENDLE

  The yield tokenization protocol that lets you trade future yield — unlocking fixed rates and points speculation in DeFi.

• SynthetixSNX

  The synthetic asset protocol enabling on-chain exposure to stocks, commodities, forex, and crypto without holding the underlying asset.

Classification via Messari and DefiLlama; a coin can appear in more than one category. Educational grouping only — not a recommendation or investment advice.