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Best of · Base · Updated

The best Options dApps on Base in 2026

We track 9 Options dApps that run on Base and have reviewed 8 of them in full. Our top pick is Stryke CLAMM. Each one is scored on security, ease of use, fees and features.

Ranked list

  1. 1
    Stryke CLAMM logo

    Stryke CLAMM

    Options · Arbitrum, Robinhood Chain, Sonic +3

    Stryke CLAMM is an on-chain options protocol that sells options against concentrated liquidity positions. It is an evolution of Dopex, but its current TVL is small and no audits are listed.

    ScoreScore 6.2 out of 10
    TVL $176K+0.7%
  2. 2
    Thetanuts Finance logo

    Thetanuts Finance

    Options · Ethereum, Base, Robinhood Chain +11

    Thetanuts Finance is a multi-chain on-chain options protocol, listed since late 2021 and originally focused on altcoin options. Its current TVL of roughly $227,000 is small, so liquidity is the main thing to check.

    ScoreScore 6.0 out of 10
    TVL $220K−1.9%
  3. 3
    Deri V4 logo

    Deri V4

    Options · Linea, BNB Chain, zkSync Era +9

    Deri V4 is a decentralized derivatives protocol that offers gas-free everlasting options, meaning calls and puts with no expiry date. It is a niche product for experienced traders, and no audits are listed for it.

    ScoreScore 5.8 out of 10
    TVL $7.16M−1.6%
  4. 4
    BaseVol logo

    BaseVol

    Options · Base

    BaseVol is an options protocol on Base that offers zero-day options trading and automated vaults, including an AI-driven agent called A.T.M. It is early and small by TVL, so it suits experienced users who accept high risk.

    ScoreScore 5.8 out of 10
    TVL $33.8K+0.1%
  5. 5
    CallPut logo

    CallPut

    Options · Base

    CallPut is a non-custodial options protocol on Base that offers synthetic stock, ETF, BTC and ETH options around the clock. It is new and small, with no listed audits, so it suits experienced traders who accept the risk.

    ScoreScore 5.5 out of 10
    TVL $184K−0.1%
  6. 6
    GammaSwap Open Interest logo

    GammaSwap Open Interest

    Options · Arbitrum, Base, Ethereum

    GammaSwap Open Interest lets traders take perpetual-options exposure funded by DEX-style liquidity, and its homepage now features short-term up or down markets. Its TVL is small, so treat it as a niche, higher-risk product.

    ScoreScore 5.2 out of 10
    TVL $44.0K−3.6%
  7. 7
    Oddz logo

    Oddz

    Options · Avalanche, BNB Chain, Base +1

    Oddz is a multi-chain derivatives front end that routes perps and options trades across other venues. Its on-chain TVL is small and its roadmap has not been visibly updated since 2024.

    ScoreScore 5.0 out of 10
    TVL $59.2K+0.0%
  8. 8
    Flat Money V1 logo

    Flat Money V1

    Options · Base

    Flat Money V1 is a Base-based protocol that lets users provide liquidity to everlasting options and earn funding and premium income. Its public information is limited and partly inconsistent, so it suits readers who are comfortable with derivatives risk and want to check the details first.

    ScoreScore 3.5 out of 10
    TVL $10+0.5%
  9. 9

    Pokpok Protocol

    Options · Base

    PokPok Protocol is described as a gamified options-trading platform that uses virtual chicken farming to simulate trading. Its current availability, mechanics, and risk controls are unclear, so users should verify the product before interacting with it.

    ScoreNot rated yet
    TVL —

Options dApps on Base: the numbers

Tracked
9
Reviewed
9
Total TVL
$7.87M
Avg. score
5.4/10

There are 9 options dApps on Base in the DappsAtlas index. Every one of them has a full review. The 8 that report TVL hold $7.87M between them, counting value on every chain they support. Deri V4 dominates, with 91% of that total. The top five account for 99%, while the median options dApp holds $59.2K.

By value locked, the largest options dApps on Base are Deri V4 ($7.16M), Thetanuts Finance ($220K) and CallPut ($184K). The best-rated is Stryke CLAMM with 6.2/10, followed by Thetanuts Finance (6.0) and Deri V4 (5.8). The 8 rated options dApps average 5.4/10, and none scores 8 or above yet.

Beyond Base, these options dApps most often also run on Arbitrum (5), BNB Chain (3) and Robinhood Chain (2). All 7 with a confirmed status are active. In the past week, total value locked fell 1.5%.

Largest by TVL

  1. 1Deri V4 logoDeri V4$7.16M
  2. 2Thetanuts Finance logoThetanuts Finance$220K
  3. 3CallPut logoCallPut$184K
  4. 4Stryke CLAMM logoStryke CLAMM$176K
  5. 5Oddz logoOddz$59.2K

Highest rated

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.

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Frequently asked questions

What is the largest options dApp on Base by TVL?

Deri V4 is the largest options dApp on Base by total value locked, with $7.16M across all the chains it supports. It is followed by Thetanuts Finance ($220K) and CallPut ($184K). TVL figures come from DefiLlama and change daily.

Which options dApp on Base has the highest DappsAtlas score?

Stryke CLAMM has the highest score at 6.2/10, ahead of Thetanuts Finance (6.0) and Deri V4 (5.8). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many options dApps on Base has DappsAtlas reviewed?

DappsAtlas tracks 9 options dApps on Base. Of these, 9 have a full review and 8 report value locked, $7.87M in total, counting value on every chain they support.

Which options dApps on Base grew the most this week?

Among options dApps with at least $1M locked, . Combined TVL moved −1.5% over the same seven days.

What is the average score for options dApps on Base?

The 8 rated options dApps on Base average 5.4 out of 10. Of these, 0 score 8 or higher and 1 score below 5.