Top Base perps and options

Ranked by 24-hour fees, which stand in for volume. See the note below the table.

Base perps fees, 24h: $11.3k
Venues reporting fees: 8 of 67
Largest venue: SynFutures V3
Its share: 43%

Perps on Base are small next to the spot market, and the venues are spread thinly across a lot of names. Veranta earns the most in fees of any of them, which is the closest available proxy for who actually trades. Fee income is a better guide here than collateral held, because a venue can sit on a large balance and see very little turnover, and the two rankings do not produce the same order.

	Name	Category					Share
1	SynFutures V3	Derivatives	$4.8k	$2.6m	−55.4%	−13.4%	42.8%
2	Veranta	Derivatives	$4.8k	$11.4m	−73.7%	+44.9%	42.3%
3	Gains Network	Derivatives	$1.6k	$983.4k	+33.9%	+204.5%	14.3%
4	CallPut	Options	$51	$134.1k	−72.4%	−12.6%	0.5%
5	Domination Finance	Derivatives	$10	$104.8k	−66.9%	−46.2%	<0.1%
6	Stochastic Finance	Options	$2	$736	+19900.0%	—	<0.1%
7	KiloEx	Derivatives	$0	$334.3k	−92.5%	+0.0%	<0.1%
8	SYMMIO	Derivatives	$0	$1.3m	−99.8%	−98.0%	<0.1%
9	Derive V2	Derivatives	—	$52.7m	−1.3%	+23.8%	0.0%
10	ApeX Protocol	Derivatives	—	$3.2m	−0.5%	+3.5%	0.0%

11	IntentX	Derivatives	—	$2.9m	—	—	0.0%
12	ELFi Protocol	Derivatives	—	$1.4m	−2.9%	−11.8%	0.0%
13	BMX Freestyle	Derivatives	—	$1.3m	−0.0%	−0.0%	0.0%
14	Contango V2	Derivatives	$0	$923.0k	−33.1%	−100.0%	0.0%
15	Aevo Perps	Derivatives	—	$645.5k	−0.3%	+0.5%	0.0%
16	RollX	Derivatives	—	$451.6k	−1.3%	+2.7%	0.0%
17	Wasabi Perps	Derivatives	—	$422.9k	−4.9%	+4.4%	0.0%
18	Gammaswaplabs	Options	—	$172.9k	−1.7%	−2.0%	0.0%
19	BMX Classic Perps	Derivatives	—	$146.8k	−0.5%	+1.3%	0.0%
20	IPOR Derivatives	Derivatives	—	$142.6k	−1.1%	+1.0%	0.0%
21	InfinityPools	Derivatives	—	$117.0k	−0.4%	+0.2%	0.0%
22	Vest Markets	Derivatives	—	$95.6k	−4.1%	−30.9%	0.0%
23	Javsphere	Derivatives	$0	$54.0k	−0.5%	−0.2%	0.0%
24	Stobix	Derivatives	—	$52.9k	−0.6%	+0.9%	0.0%
25	BaseVol	Options	—	$33.7k	−0.0%	+0.0%	0.0%
26	Bullbit PERP DEX	Derivatives	—	$23.1k	−9.1%	+20.2%	0.0%
27	JOJO	Derivatives	$0	$21.0k	−0.3%	+0.7%	0.0%
28	Xena Finance	Derivatives	$0	$19.7k	−0.4%	+0.5%	0.0%
29	SwapBased Perp	Derivatives	—	$17.3k	−0.0%	−0.0%	0.0%
30	KRAV	Derivatives	—	$17.3k	−1.8%	−1.3%	0.0%
31	Alkimiya	Derivatives	—	$10.0k	−0.8%	+2.2%	0.0%
32	Surf Protocol	Derivatives	—	$6.0k	—	—	0.0%
33	Likwid	Derivatives	—	$5.3k	−23.8%	−63.7%	0.0%
34	Onchain Trade	Derivatives	—	$5.2k	−2.0%	+3.0%	0.0%
35	Lynx	Derivatives	—	$4.4k	+1.4%	+7.2%	0.0%
36	Prodigy.Fi V2	Options	—	$4.0k	−0.7%	+1.4%	0.0%
37	Hypersurface	Options	—	$3.7k	−0.7%	−74.2%	0.0%
38	FXDX	Derivatives	—	$2.5k	−2.2%	+3.4%	0.0%
39	DIP Exchange	Derivatives	—	$2.3k	−1.4%	+1.5%	0.0%
40	Voodoo Trade Base	Derivatives	$0	$1.8k	−2.7%	+2.4%	0.0%
41	Panoptic V1.1	Options	—	$1.2k	−0.9%	+1.1%	0.0%
42	Fufuture V2	Options	—	$997	−3.1%	−2.9%	0.0%
43	Synthswap Perps	Derivatives	—	$647	−1.8%	+2.8%	0.0%
44	Nether.Fi	Derivatives	—	$549	−1.2%	+1.9%	0.0%
45	Tristero Margin	Derivatives	—	$471	−0.0%	+0.2%	0.0%
46	Deri V4	Options	—	$408	−1.9%	+3.7%	0.0%
47	Limitless	Derivatives	—	$401	—	—	0.0%
48	FWX Derivatives	Derivatives	—	$361	+8.1%	+9.2%	0.0%
49	Cap Finance V4	Derivatives	—	$347	−1.6%	+2.4%	0.0%
50	Meridian Trade	Derivatives	—	$238	−0.7%	+5.1%	0.0%
51	UniDex Perp	Derivatives	—	$234	−0.7%	+0.4%	0.0%
52	Panoptic V1	Options	—	$138	−1.1%	+1.3%	0.0%
53	Defx	Derivatives	—	$120	−1.8%	+2.2%	0.0%
54	Hits4fun	Options	—	$93	−2.2%	+3.4%	0.0%
55	Amped Finance	Derivatives	—	$56	+69.7%	+74.1%	0.0%
56	Mummy Finance	Derivatives	—	$16	−2.0%	+4.6%	0.0%
57	LogX V2	Derivatives	—	$8	−0.0%	+0.0%	0.0%
58	Dexodus Finance	Derivatives	—	$1	−0.1%	−0.1%	0.0%
59	Fufuture Contract	Derivatives	—	$1	−0.0%	−0.0%	0.0%
60	Synthetix V3	Derivatives	—	$0	−0.0%	−0.0%	0.0%

Methodology: notional volume is the metric you want here, and DefiLlama paywalls it on Base at both the overview and the per-protocol endpoint. This table ranks by 24-hour fees instead, which is the closest free stand-in: a perps venue takes its fee as a cut of the notional traded, so the two move together and the ordering is close to a volume ordering. It is not identical — fee schedules differ between venues, so a cheap venue looks smaller than a costly one at equal volume. Base TVL is collateral held. A dash in the fee column means DefiLlama tracks no fee adapter for that venue, not that it saw no trading. If the volume endpoint ever opens up, this table switches to real volume on its own. Prediction markets are ranked separately.

Data: DefiLlama · Updated Sep 20, 03:06 PM UTC