Which blockchain has the most perpetual futures volume?

The top chains shift regularly, but Arbitrum, Solana, and Hyperliquid L1 consistently rank among the highest for on-chain perps volume. Hyperliquid runs its own purpose-built L1 with sub-second finality and no gas fees.

Why do different chains have different perps ecosystems?

Each blockchain offers different trade-offs in speed, cost, and composability. Solana's low latency attracts high-frequency trading, Arbitrum hosts a diverse ecosystem with GMX and Vertex, and purpose-built chains like Hyperliquid L1 and dYdX v4 (Cosmos appchain) optimize specifically for derivatives.

How is chain volume calculated?

Chain volume is aggregated from all perpetual futures protocols operating on each chain, using data from DefiLlama. If a protocol operates on multiple chains, its volume is split proportionally across those chains.

Live Data

Perpetual Futures by Chain

See which blockchains dominate on-chain perpetual futures trading. Volume, TVL, and protocol breakdown per chain.

Sources:DefiLlama

Total DEX Perps Volume (24h)

$11.76b

Active Chains

Top Chain

Hyperliquid L1

Chain Dominance

$11.76b

Share of perpetual-futures volume by settlement chain.

Hyperliquid L122.9%

Off Chain14.4%

Solana10.7%

Ethereum10.6%

zkLighter9.5%

edgeX L18.8%

Arbitrum7.7%

GRVT4.1%

StandX1.8%

RISE1.0%

Others8.5%

Volume distribution by chain (24h)

Hyperliquid L1

22.9%

$2.70b

Off Chain

14.4%

$1.69b

Solana

10.7%

$1.25b

Ethereum

10.6%

$1.25b

zkLighter

9.5%

$1.12b

edgeX L1

8.8%

$1.03b

Arbitrum

7.7%

$904.7m

GRVT

4.1%

$484.2m

StandX

$212.0m

RISE

$114.7m

Base

$110.1m

Starknet

$100.6m

perpfinder.com

#				Share
1	Hyperliquid L1	$2.70b	+4.6%	22.9%	$41.18b	$198.39b	-	-	3	-
2	Off Chain	$1.69b	-1.1%	14.4%	$12.94b	$61.78b	-	-	10	-
3	Solana	$1.25b	+99.5%	10.7%	$5.83b	$32.17b	-	-	13	-
4	Ethereum	$1.25b	+2.0%	10.6%	$8.62b	$37.76b	-	-	12	-
5	zkLighter	$1.12b	+13.8%	9.5%	$6.89b	$33.65b	-	-	1	-
6	edgeX L1	$1.03b	+25.1%	8.8%	$6.10b	$23.11b	-	-	2	-
7	Arbitrum	$904.7m	+6.3%	7.7%	$6.04b	$26.73b	-	-	45	-
8	GRVT	$484.2m	+0.5%	4.1%	$3.13b	$27.76b	-	-	1	-
9	StandX	$212.0m	-37.5%	1.8%	$1.97b	$12.39b	-	-	1	-
10	RISE	$114.7m	+19.2%	1.0%	$700.1m	$2.79b	-	-	1	-
11	Base	$110.1m	+1.2%	0.9%	$1.01b	$6.76b	-	-	35	-
12	Starknet	$100.6m	-22.7%	0.9%	$731.7m	$3.24b	-	-	1	-
13	Monad	$93.1m	-9.2%	0.8%	$660.5m	$1.88b	-	-	6	-
14	ReyaChain	$85.6m	-6.7%	0.7%	$605.2m	$2.66b	-	-	1	-
15	Ink	$79.0m	+4.3%	0.7%	$510.5m	$2.78b	-	-	1	-
16	Tron	$70.4m	-8.9%	0.6%	$647.7m	$2.38b	-	-	1	-
17	TxFlow	$66.6m	+1.1%	0.6%	$413.3m	$1.47b	-	-	1	-
18	ValueChain	$56.1m	+35.4%	0.5%	$403.8m	$1.86b	-	-	1	-
19	Robinhood Chain	$52.1m	-7.4%	0.4%	$327.8m	$628.5m	-	-	2	-
20	Aptos	$42.5m	+5.7%	0.4%	$207.6m	$914.7m	-	-	5	-
21	dYdX	$36.6m	+253.5%	0.3%	$167.4m	$1.02b	-	-	1	-
22	Blast	$33.9m	+10.0%	0.3%	$234.6m	$1.08b	-	-	4	-
23	Orderly Network	$31.5m	+18.2%	0.3%	$193.8m	$1.29b	-	-	2	-
24	Sui	$28.1m	-0.8%	0.2%	$209.8m	$999.2m	-	-	9	-
25	AFX L1	$22.8m	-4.2%	0.2%	$155.0m	$1.16b	-	-	1	-
26	Katana	$20.8m	+45.2%	0.2%	$128.4m	$521.7m	-	-	1	-
27	MegaETH	$19.2m	+19.3%	0.2%	$154.0m	$764.5m	-	-	4	-
28	GateLayer	$18.0m	+59.3%	0.2%	$116.4m	$726.3m	-	-	1	-
29	Avalanche	$17.6m	+1.1%	0.1%	$159.1m	$633.4m	-	-	9	-
30	Paradex	$15.5m	+275.6%	0.1%	$41.6m	$192.3m	-	-	1	-

The chain landscape for perps

Perpetual futures trading has fragmented across multiple blockchains, each offering different trade-offs. Arbitrum and Solana currently lead in DEX perps volume, but the landscape shifts fast as new protocols launch and incentive programs rotate.

Hyperliquid runs its own L1 chain purpose-built for derivatives, giving it sub-second finality and no gas fees. dYdX v4 moved to its own Cosmos appchain for similar reasons. Meanwhile, Arbitrum hosts the most diverse ecosystem with GMX, Vertex, and others.

Solana's low latency makes it attractive for high-frequency perps trading. Jupiter Perps and Drift are the main players there. Base has been growing fast with newer protocols targeting retail traders. For the full picture, see the exchange rankings or check open interest to see where capital is deployed.