Best of · BNB Chain · Updated Nov 6, 2026

The best Options dApps on BNB Chain in 2026

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

1
SOFA.org
Options · Ethereum, Arbitrum, BNB Chain +1
SOFA.org is a nonprofit, open-source DeFi project offering options and structured products across four chains. It is small by TVL, and its fees are not clearly published.
Read the SOFA.org review Visit SOFA.org(opens in a new tab)
ScoreScore 6.2 out of 10
TVL $1.25M+48.9%
2
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.
Read the Thetanuts Finance review Visit Thetanuts Finance(opens in a new tab)
ScoreScore 6.0 out of 10
TVL $220K−1.9%
3
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.
Read the Deri V4 review Visit Deri V4(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $7.16M−1.6%
4
Premia V2
Options · Arbitrum, Optimism, Ethereum +2
Premia V2 is a DeFi options market that prices trades from supply and demand in liquidity pools. Its TVL is small, and the team's homepage now focuses on newer products.
Read the Premia V2 review Visit Premia V2(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $207K−0.9%
5
Opium
Options · Ethereum, Polygon, Arbitrum +1
Opium is a DeFi protocol for creating, settling and trading derivatives, and it markets itself as tradable DeFi insurance. Its TVL is small, so treat it as a niche, low-liquidity product.
Read the Opium review Visit Opium(opens in a new tab)
ScoreScore 5.5 out of 10
TVL $73.4K+0.5%
6
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.
Read the Oddz review Visit Oddz(opens in a new tab)
ScoreScore 5.0 out of 10
TVL $59.2K+0.0%
7
FinNexus
Options · Ethereum, BNB Chain, Wanchain
FinNexus is a decentralized options protocol that offers pooled-liquidity options on BTC, ETH, BNB and other assets across Ethereum, BNB Chain and Wanchain. Its TVL is small and its homepage could not be checked, so treat it with caution.
Read the FinNexus review
ScoreScore 4.5 out of 10
TVL $232K0.0%
8
DeltaTheta
Options · BNB Chain, Polygon
DeltaTheta is described as a peer-to-peer options trading DEX on BNB Chain and Polygon. The core product is identifiable, but key details about trading and risk are unclear.
Read the DeltaTheta review
ScoreNot rated yet
TVL $1.70K−0.9%
9
Shield
Options · BNB Chain
Shield is a decentralized perpetual options exchange on BNB Chain, listed on DefiLlama since October 2021. Public sources are thin, with no TVL figure, so treat it as a product to research carefully before using.
Read the Shield review Visit Shield(opens in a new tab)
ScoreNot rated yet
TVL $0

Options dApps on BNB Chain: the numbers

Tracked: 9
Reviewed: 9
Total TVL: $9.20M
Avg. score: 5.5/10

The DappsAtlas index lists 9 options dApps on BNB Chain. Every one of them has a full review. The 8 that report TVL hold $9.20M between them, counting value on every chain they support. Deri V4 dominates, with 78% of that total. The five largest make up 99% of the total; the median is $207K.

Ranked by TVL, Deri V4 ($7.16M), SOFA.org ($1.25M) and FinNexus ($232K) lead the field. On DappsAtlas scores, SOFA.org ranks first at 6.2/10, ahead of Thetanuts Finance (6.0) and Deri V4 (5.8). The 7 rated options dApps average 5.5/10, and none scores 8 or above yet.

Beyond BNB Chain, these options dApps most often also run on Arbitrum (6), Ethereum (5) and Polygon (4). All 5 with a confirmed status are active. In the past week, total value locked rose 3.3%. SOFA.org gained the most (+48.9%), while Deri V4 dropped the most (−1.6%).

Largest by TVL

1Deri V4$7.16M
2SOFA.org$1.25M
3FinNexus$232K
4Thetanuts Finance$220K
5Premia V2$207K

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 BNB Chain by TVL?

Deri V4 is the largest options dApp on BNB Chain by total value locked, with $7.16M across all the chains it supports. It is followed by SOFA.org ($1.25M) and FinNexus ($232K). TVL figures come from DefiLlama and change daily.

Which options dApp on BNB Chain has the highest DappsAtlas score?

SOFA.org 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 BNB Chain has DappsAtlas reviewed?

DappsAtlas tracks 9 options dApps on BNB Chain. Of these, 9 have a full review and 8 report value locked, $9.20M in total, counting value on every chain they support.

Which options dApps on BNB Chain grew the most this week?

Among options dApps with at least $1M locked, SOFA.org had the biggest 7-day TVL gain (+48.9%) and Deri V4 the biggest drop (−1.6%). Combined TVL moved +3.3% over the same seven days.

What is the average score for options dApps on BNB Chain?

The 7 rated options dApps on BNB Chain average 5.5 out of 10. Of these, 0 score 8 or higher and 1 score below 5.

Ranked list