Post #11734

Top 10 Tokenless Perp DEXs by 30D Fees This post covers fee-generating perpetuals venues operating without a launched token, excluding tokenized protocols such as Hyperliquid $HYPE, Lighter $LIT, and Aster $ASTER to focus on pre-token perpetuals venues. 🔹edgeX - $26.9M fees | OI: $1.03B Hybrid derivatives exchange backed by Amber Group and Circle Ventures, offering professional-grade trading tools for both crypto and traditional assets. • 25% of total supply allocated to Genesis Airdrop • edgeX prepares to launch its token before March 31 🔹TradeXYZ - $4.69M fees | OI: $811M Perp DEX built on Hyperliquid's infrastructure, offering not only crypto assets but also traditional financial instruments — US stocks, indices, commodities, and forex pairs — accessible 24/7 on-chain. 🔹Extended - $3.84M fees | OI: $313M Hybrid CLOB architecture: off-chain matching, on-chain settlement, sub-10ms execution latency with ZK-rollup security. $6.5M raised from Tioga, Semantic, StarkWare. • Built by ex-Revolut Crypto team • Yield-bearing trading collateral via Vault with 25% APR • 30% of token allocated to airdrop, TGE projected H1 2026 Get 10% discount on fees with our Extended link🔗app.extended.exchange/join/TOP7 🔹Nado - $2.89M fees | OI: $92.7M Built by Kraken’s core engineering team on Ink Network, bringing CEX-like performance to DeFi. • Hyper-Performance CLOB: Off-chain matching with 5-15ms latency • Kinetic Collateral: Unified margin across spot, perps & lending for max efficiency Get limited access to Nado 🔗app.nado.xyz?join=2UwKgxs 🔹Antarctic - $2.2M fees | OI: $1.8B Perp DEX specializing in zero-gas arbitrage trading, with the highest OI-to-volume ratio in this cohort - indicating persistent long-duration position concentration across its user base. 🔹Ostium - $1.99M fees | OI: $249M The go-to layer for RWA trading directly on-chain, with $27.8M total funds raised from Jump Crypto, Coinbase Ventures, etc. • RWA Perpification: trade commodities (Oil, Gold, Copper), FX, indices, stocks • Dual-Vault Architecture: Separated vaults for capital efficiency & withdrawals Get 2% Boost to Ostium points with our link 🔗https://ostium.app/trade?ref=OFK54 🔹Dreamcash - $793K fees | OI: $48M Self-custodial mobile trading app built on Hyperliquid – backed by Tether. • Mobile-first UX: trade perps and RWA markets directly from your phone • Season 1 just went live – earn 1 XP per $1 traded on mobile • $200K USDT distributed weekly for 10 weeks to all CASH HIP-3 traders Get up to 1M points boost with our Dreamcash link 🔗dreamcash.xyz/share?code=TOP777 🔹Paradex - $659K fees | OI: $532M High-performance perp exchange built as a Starknet Appchain, incubated by Paradigm. Focuses on deep liquidity and capital efficiency. • Incubated by Paradigm - built on Starknet Appchain (1k TPS) • $DIME 25% of total supply allocated to Airdrop • Earn ~20-25% APY on stablecoins + XP for volume & liquidations 5%+ XP Bonus with Paradex link🔗app.paradex.trade/r/top7ico 🔹Ethereal - $502K fees | OI: $124M Native trading layer for Ethena's USDe synthetic dollar, built as L3 appchain with sub-20ms execution. Roadmap extends beyond perps into lending, borrowing, and RWA integration. • Built on $USDe (Ethena's synthetic dollar) • ~$150K daily distribution to position holders • Earn5-27% APY on collateral while you trade • Confirmed airdrop, with 15% reserved for $ENA stakers Our Ethereal referral link 🔗app.ethereal.trade/?ref=ASRRXQVFZ60G 🔹StandX - $150K fees | OI: $38.4M Perps DEX live on Mainnet across BNB and Solana, powered by its native yield bearing stablecoin $DUSD. • Delta-Neutral Engine: Native stablecoin backed by spot-perp hedging • Yield-Bearing Margin: Collateral earns APY even while used in trades • Hold DUSD to earn points and yield Get 5% points Bonus with our link 🔗https://standx.com/referral?code=top7ico @TOP7ICO