TLDR
Perp DEX volume today is concentrated on BNB Chain, Ethereum L2s (Arbitrum, Optimism, Base), Solana, and appchains like Hyperliquid.
- BNB Chain shows active perp and DEX flows, with recent daily perp volume near $594 million per a network update.
- Builders are funding perp DEXs across Ethereum, Solana, BNB Chain, and Base per a recent fund announcement.
- Appchains like Hyperliquid have driven record DEX perps growth, noted in a market summary.
Deep Dive
1. EVM L2s
Ethereum L2s host a large share of perp activity, with Arbitrum a prominent venue. Recent coverage shows Arbitrums dApp volumes were strong while perps and DEX volumes oscillated, confirming ongoing perp presence even in mixed market conditions per an Arbitrum analysis.
Funding news also points to sustained perp development on Ethereum ecosystems, including Base and broader L2s, as capital targets perp DEX builders across these networks per a fund announcement.
If you want deep perp liquidity without leaving Ethereums tooling, Arbitrum, Optimism, and Base are practical starting points.
2. Solana
Solana hosts native perp DEXs and is included among chains targeted by new capital focused on perp DEX growth per the fund announcement above. Its high throughput and low fees make it attractive for perpetual markets seeking smooth liquidations and tight spreads.
While the specific volumes vary week to week, the inclusion in recent investment mandates signals continued expansion of perp infrastructure on Solana per the report above.
For non?EVM setups with fast execution, Solana offers active perp venues and growing developer focus.
3. BNB Chain and Appchains
BNB Chain shows consistent perp flow alongside DEX volume, with recent daily metrics citing $594 million in perps and near $2 billion in DEX volume per a network update. This supports its position as a major chain for perpetuals.
Appchains dedicated to derivatives are also material. Hyperliquid and other new platforms have been key drivers of the surge in DEX perps, contributing to a record $903.56 billion in October perps and the DEX-to-CEX perps ratio reaching 11.7% by November, as noted in a market summary.
Beyond general-purpose L1/L2s, specialized perp appchains can offer very deep, focused liquidity and competitive fee structures.
Conclusion
Perp DEX volume is concentrated across EVM L2s (Arbitrum, Optimism, Base), BNB Chain, Solana, and specialized appchains like Hyperliquid. Capital and user activity continue to reinforce these venues, with recent reports highlighting both sustained development funding and rising DEX perps share versus centralized futures. If you want breadth plus depth, start with these chains and then compare fees, latency, and liquidity profiles on your target pairs.
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