Best of · Avalanche · Updated
The best Derivatives dApps on Avalanche in 2026
We track 8 Derivatives dApps that run on Avalanche and have reviewed 6 of them in full. Our top pick is Contango V2. Each one is scored on security, ease of use, fees and features.
Ranked list
- 1
Contango V2
Derivatives · Arbitrum, Ethereum, Base +7
Contango V2 is a DeFi looping protocol that opens leveraged long, short and yield positions on existing lending markets in one transaction. It suits experienced traders who accept liquidation risk.
ScoreScore 7.5 out of 10TVL $16.3M+74.0% - 2
Orderly Bridge
Derivatives · Ethereum, Solana, BNB Chain +16
Orderly is shared-orderbook infrastructure that lets builders launch their own perpetual-futures DEX, and traders use those frontends. It is a developer product first, with self-custody, multiple chains and an ORDER token.
ScoreScore 7.2 out of 10TVL $23.5M−9.2% - 3
MUX Perps
Derivatives · Arbitrum, Avalanche, BNB Chain +2
MUX Perps is a decentralized perpetuals trading protocol and aggregator that routes leveraged trades across several liquidity sources, with up to 100x leverage. It suits experienced derivatives traders outside the US, with the usual leverage and smart-contract risks.
ScoreScore 7.2 out of 10TVL $9.00M−1.6% - 4
Gmx
Derivatives · Arbitrum, Avalanche
GMX is a decentralized exchange for perpetual futures and spot trading, with leverage of up to 50x on assets such as BTC and ETH. It suits experienced self-custody traders, and leverage and smart-contract risk are the main caveats.
ScoreScore 7.2 out of 10TVL — - 5
ApeX Pro
Derivatives · Ethereum, Polygon, Arbitrum +4
ApeX Pro is the earlier version of ApeX's decentralized perpetuals exchange, now presented under ApeX Omni, offering 100+ perp markets with up to 100x leverage and self-custody. Its on-chain TVL is small, so leverage risk and liquidity depth deserve a close look.
ScoreScore 7.0 out of 10TVL $1.28M−1.0% - 6
Hubble Exchange
Derivatives · Avalanche
Hubble Exchange was a decentralized perpetual futures exchange on Avalanche that offered cross-margin trading with multiple collateral types. Its operator announced in May 2024 that it was closing down, so this page covers its design and its shutdown rather than a service you can use today.
ScoreScore 2.5 out of 10TVL $2+0.0% - 7
Float
Derivatives · Polygon, Avalanche
Float is described as a derivatives protocol for leveraged crypto exposure without liquidations or debt-position management. Its exact mechanics, fees and supported assets are unclear.
ScoreNot rated yetTVL $144K−0.0% - 8
RubyDex
Derivatives · Ethereum, Optimism, Arbitrum +7
RubyDex is described as a multichain decentralized perpetuals exchange. Its product details are sparse, so traders cannot readily assess fees, leverage, liquidation rules, or contract security.
ScoreNot rated yetTVL $24−0.0%
Derivatives dApps on Avalanche: the numbers
- Tracked
- 8
- Reviewed
- 8
- Total TVL
- $50.2M
- Avg. score
- 6.4/10
The DappsAtlas index lists 8 derivatives dApps on Avalanche. Every one of them has a full review. The 7 that report TVL hold $50.2M between them, counting value on every chain they support. Orderly Bridge is the clear leader, holding 47% of it. The top five account for 100%, while the median derivatives dApp holds $1.28M.
Ranked by TVL, Orderly Bridge ($23.5M), Contango V2 ($16.3M) and MUX Perps ($9.00M) lead the field. The best-rated is Contango V2 with 7.5/10, followed by Orderly Bridge (7.2) and MUX Perps (7.2). The 6 rated derivatives dApps average 6.4/10, and none scores 8 or above yet.
Many also deploy elsewhere, most often on Arbitrum (6), Optimism (5) and Polygon (5). Of the 6 with a confirmed status, 5 are active and 1 is inactive or wound down. Over the last seven days, combined TVL rose 9.5%. Contango V2 gained the most (+74.0%), while Orderly Bridge dropped the most (−9.2%).
Largest by TVL
- 1
Orderly Bridge$23.5M
- 2
Contango V2$16.3M
- 3
MUX Perps$9.00M
- 4
ApeX Pro$1.28M
- 5
Float$144K
Highest rated
- 1
- 2
- 3
- 4Gmx7.2
- 5
Method
How we ranked them
Reviewed dApps come first. Each DappsAtlas review scores security, ease of use, fees and features from 0 to 10 using public facts such as audits, documentation and on-chain data; the overall score orders the list, with total value locked as the tie-breaker. Projects we have not reviewed yet follow, ordered by total value locked. Scores are never sold.
Guides
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Frequently asked questions
What is the largest derivatives dApp on Avalanche by TVL?
Orderly Bridge is the largest derivatives dApp on Avalanche by total value locked, with $23.5M across all the chains it supports. It is followed by Contango V2 ($16.3M) and MUX Perps ($9.00M). TVL figures come from DefiLlama and change daily.
Which derivatives dApp on Avalanche has the highest DappsAtlas score?
Contango V2 has the highest score at 7.5/10, ahead of Orderly Bridge (7.2) and MUX Perps (7.2). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.
How many derivatives dApps on Avalanche has DappsAtlas reviewed?
DappsAtlas tracks 8 derivatives dApps on Avalanche. Of these, 8 have a full review and 7 report value locked, $50.2M in total, counting value on every chain they support.
Which derivatives dApps on Avalanche grew the most this week?
Among derivatives dApps with at least $1M locked, Contango V2 had the biggest 7-day TVL gain (+74.0%) and Orderly Bridge the biggest drop (−9.2%). Combined TVL moved +9.5% over the same seven days.
What is the average score for derivatives dApps on Avalanche?
The 6 rated derivatives dApps on Avalanche average 6.4 out of 10. Of these, 0 score 8 or higher and 1 score below 5.