Derivatives Protocol Risk Ratings

On-chain derivatives platforms for perpetuals, options, and structured products. Key risks: funding rate sustainability, liquidation cascades, and counterparty exposure.

Protocols

53

Avg Risk Score

39/100

Total TVL

$9.9B

Safest Derivatives Protocols

1dYdX V3B2MUX PerpsB-3BorosB-

Best Value Derivatives Protocols

1Hyperliquid HLPB2Jupiter Perpetual ExchangeB3BorosB

Popular Comparisons

Hyperliquid vs Jupiter Perpetual ExchangeHyperliquid vs edgeXHyperliquid vs Hyperliquid HLP
ProtocolRiskValueTVL
KiloExSafety →Investment →
D+
D-
$4M
HyperliquidSafety →Investment →
C-
B-
$6.0B
Thetanuts FinanceSafety →Investment →
C-
B-
$18M
AevoSafety →Investment →
C
D+
$22M
Symm.ioSafety →Investment →
C
C
$4M
GMXSafety →Investment →
C
B-
$267M
AntarcticLimited DataSafety →Investment →
C
D
$10M
Hyperliquid HLPSafety →Investment →
C
B
$424M
WasabiSafety →Investment →
C
D
$15M
Storm TradeSafety →Investment →
C
D+
$9M
Jupiter Perpetual ExchangeSafety →Investment →
C
B
$843M
ParclSafety →Investment →
C
D-
$5M
edgeXSafety →Investment →
C+
C
$438M
Ethereal DEXSafety →Investment →
C+
D+
$58M
HegicSafety →Investment →
C+
C-
$9M
Level FinanceSafety →Investment →
C+
D
$778,000
MYX FinanceSafety →Investment →
C+
D
$20M
SynFutures V3Safety →Investment →
C+
C-
$3M
VertexSafety →Investment →
C+
C+
$100M
ELFi ProtocolSafety →Investment →
C+
D+
$5M
AvantisSafety →Investment →
C+
C-
$85M
FlashTradeSafety →Investment →
C+
C-
$10M
Fulcrom PerpsSafety →Investment →
C+
C-
$15M
Gains NetworkSafety →Investment →
C+
B-
$23M
IntentXSafety →Investment →
C+
C
$6M
GMTradeSafety →Investment →
C+
C
$16M
GRVTSafety →Investment →
C+
C
$120M
Kinetiq MarketsSafety →Investment →
C+
D
$31M
OPINIONSafety →Investment →
C+
D
$20M
PacificaSafety →Investment →
C+
D
$36M
Reya PerpsSafety →Investment →
C+
D
$23M
MoonlanderSafety →Investment →
C+
D
$32M
OstiumSafety →Investment →
C+
C-
$95M
Contango V2Safety →Investment →
C+
D-
$16M
Synthetix V3Safety →Investment →
C+
C+
$44M
DeriveSafety →Investment →
B-
C+
$81M
Predict FunSafety →Investment →
B-
D-
$16M
Apex OmniSafety →Investment →
B-
C-
$38M
BluefinSafety →Investment →
B-
C+
$25M
InjectiveSafety →Investment →
B-
B-
$74M
KwentaSafety →Investment →
B-
D+
$50M
ExtendedSafety →Investment →
B-
D+
$205M
Vest MarketsSafety →Investment →
B-
D-
$4M
Deri V4Safety →Investment →
B-
D-
$7M
PremiaSafety →Investment →
B-
D+
$478,000
Rysk V12Safety →Investment →
B-
D
$42M
TorosSafety →Investment →
B-
D
$10M
Drift ProtocolSafety →Investment →
B-
B-
$318M
dYdX V4Safety →Investment →
B-
B
$126M
BorosSafety →Investment →
B-
B
$9M
Helix PerpSafety →Investment →
B-
C+
$5M
MUX PerpsSafety →Investment →
B-
D+
$9M
dYdX V3Safety →Investment →
B
C-
$39M

Other Sectors

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