Best of · Optimism · Updated
The best Derivatives dApps on Optimism in 2026
We track 15 Derivatives dApps that run on Optimism and have reviewed 12 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
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% - 5
Derive V2
Derivatives · Optimism, Ethereum, Base +4
Derive V2 is a self-custodial exchange for crypto options, perpetuals and spot, aimed at BTC and ETH traders. Its main draw is onchain options; the main caveats are modest locked value and no listed audits.
ScoreScore 6.4 out of 10TVL $295K−0.0% - 6
Vest Markets
Derivatives · Arbitrum, Ethereum, BNB Chain +4
Vest Markets is a perpetuals DEX that advertises equities, crypto and FX trading with up to 50x leverage and zero fees. It is small by TVL and light on published detail, so treat it as a high-risk venue.
ScoreScore 5.5 out of 10TVL $221K−35.6% - 7
Pika V4
Derivatives · Optimism
Pika V4 is a decentralized perpetuals exchange on Optimism for crypto, forex and commodity markets, with leverage up to 200x. Its broad market offering comes with significant leverage risk and limited published detail on fees and security.
ScoreScore 5.5 out of 10TVL $86.8K+0.0% - 8
Lynx
Derivatives · Sonic, Boba, Arbitrum +15
Lynx is a multichain perpetuals DEX that advertises trading with any token as collateral and gasless access from any blockchain. Its broad premise is clear, but key details such as fees, leverage limits, and security reviews are not published.
ScoreScore 5.0 out of 10TVL $155K−5.0% - 9
Resonate Finance
Derivatives · Optimism, Arbitrum, Ethereum +2
Resonate Finance is a yield futures protocol that lets users exchange rights to future accrued yield for an upfront payment. The model offers earlier access to value, but pricing, fees, and settlement details are not published.
ScoreScore 4.5 out of 10TVL $90.1K−0.7% - 10
Mummy Finance
Derivatives · Optimism, Arbitrum, Fantom +1
Mummy Finance is a perpetuals and swap DEX that started on Fantom and now runs on Optimism, Arbitrum and Base. It offers real-yield rewards, but its TVL is very small.
ScoreScore 4.5 out of 10TVL $51.7K−3.5% - 11
Polynomial Trade
Derivatives · Optimism
Polynomial Trade was a Synthetix-powered perpetuals exchange on Optimism. It announced that it was ceasing operations, with forced liquidation scheduled, so its closure is the main concern for traders.
ScoreScore 1.0 out of 10TVL — - 12
Aevo Perps
Derivatives · Ethereum, Arbitrum, Optimism +1
Aevo Perps is a decentralized derivatives exchange listed on DefiLlama for options and perpetual futures, with about $15.1M in TVL across Ethereum, Arbitrum, Optimism and Base. The published facts are brief, so this review focuses on what is confirmed.
ScoreNot rated yetTVL $15.0M+4.2% - 13
BarnBridge
Derivatives · Ethereum, Optimism, Arbitrum
BarnBridge is a derivatives protocol designed to hedge DeFi yield sensitivity and market-price volatility, with BOND as its governance token. Its core idea is identifiable, but current product details and risk information are hard to verify.
ScoreNot rated yetTVL $23.7K−0.1% - 14
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% - 15
OPX Finance
Derivatives · Optimism
OPX Finance is described as a decentralized spot and perpetual exchange on Optimism. Its current availability, trading terms, and product details are unclear.
ScoreNot rated yetTVL $0
Derivatives dApps on Optimism: the numbers
- Tracked
- 15
- Reviewed
- 15
- Total TVL
- $66.0M
- Avg. score
- 5.6/10
DappsAtlas tracks 15 derivatives dApps on Optimism. Every one of them has a full review. The 13 that report TVL hold $66.0M between them, counting value on every chain they support. Orderly Bridge is the clear leader, holding 36% of it. The top five account for 99%, while the median derivatives dApp holds $221K.
Ranked by TVL, Orderly Bridge ($23.5M), Contango V2 ($16.3M) and Aevo Perps ($15.0M) lead the field. On DappsAtlas scores, Contango V2 ranks first at 7.5/10, ahead of Orderly Bridge (7.2) and MUX Perps (7.2). The 11 rated derivatives dApps average 5.6/10, and none scores 8 or above yet.
Beyond Optimism, these derivatives dApps most often also run on Arbitrum (12), Ethereum (10) and Base (7). Of the 12 with a confirmed status, 11 are active and 1 is inactive or wound down. Over the last seven days, combined TVL rose 7.9%. 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
Aevo Perps$15.0M
- 4
MUX Perps$9.00M
- 5
ApeX Pro$1.28M
Highest rated
- 1
- 2
- 3
- 4
- 5
Derive V26.4
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
Related guides
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Do Feudalz Whales Trade Derivatives? A 2026 ExplainerLarge holders of crypto assets often use futures, perpetuals and options to hedge risk or take leveraged positions. This guide explains what those instruments are, why big wallets use them, how to read derivatives data without copying trades, and where the risks sit.
Blockchain
New Dapps Coming to Optimism: How to Track and Use ThemOptimism is an Ethereum layer-2 network, and new applications arrive on it all the time. This guide explains how launches happen, where to verify them, and how to check a new dapp before you connect a wallet.
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Optimism Bedrock Upgrade: What Changed for Users in 2026Optimism's Bedrock upgrade rebuilt the core of its Layer 2 network to lower costs, speed up deposits and align more closely with Ethereum. This guide explains what changed, what it did and did not create for users, and how to check the network's current state yourself.
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Optimism DeFi in 2026: What Is Happening and Why It MattersOptimism is an Ethereum layer-2 network where DeFi activity, the OP token and its Superchain plans have all drawn attention in 2026. This explainer sets out what is being reported, what it means for users, and how to check current figures yourself.
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Position Exchange Explained: BNB Chain Derivatives in 2026Position Exchange is a BNB Chain protocol for on-chain derivatives and related DeFi tools. This guide explains how such perpetual trading works, what the public information shows, and how to check current facts and risks before you use it.
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Radix and Scrypto: How Yield Derivatives Are Built in 2026Yield derivatives pay out based on the yield of an underlying asset, and Radix with its Scrypto language offers a resource-oriented way to model them. This guide explains the instruments, the design challenges, and what to verify before building.
Frequently asked questions
What is the largest derivatives dApp on Optimism by TVL?
Orderly Bridge is the largest derivatives dApp on Optimism by total value locked, with $23.5M across all the chains it supports. It is followed by Contango V2 ($16.3M) and Aevo Perps ($15.0M). TVL figures come from DefiLlama and change daily.
Which derivatives dApp on Optimism 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 Optimism has DappsAtlas reviewed?
DappsAtlas tracks 15 derivatives dApps on Optimism. Of these, 15 have a full review and 13 report value locked, $66.0M in total, counting value on every chain they support.
Which derivatives dApps on Optimism 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 +7.9% over the same seven days.
What is the average score for derivatives dApps on Optimism?
The 11 rated derivatives dApps on Optimism average 5.6 out of 10. Of these, 0 score 8 or higher and 3 score below 5.