Active

Aevo Perps Review 2026: On-Chain Perpetuals and Options

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.

By the DappsAtlas editorial team · Updated Nov 4, 2026

DappsAtlas score

—/10

Not rated

Visit Aevo Perps

Our verdict on Aevo Perps

Aevo Perps suits experienced crypto traders who want on-chain perpetuals and options across Ethereum, Arbitrum, Optimism and Base. Its strengths are a multi-year listing, around $15.1M in TVL and two listed audits. The main caveat is that fees, margin rules, custody details and regional restrictions are not published in the research facts, and leveraged trading carries a high risk of loss. Verify those details before depositing.

Score breakdown

How Aevo Perps scores

Security: 6.0/10
Ease of use: n/a
Fees: n/a
Features: 6.5/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Aevo Perps?

Aevo Perps is a decentralized derivatives exchange. DefiLlama describes Aevo as a high-performance decentralized options exchange, and this listing covers its perpetuals product. It has been tracked since April 2023.

DefiLlama shows around $15.1M in total value locked, up 2.2% over seven days, spread across Ethereum, Arbitrum, Optimism and Base. The project has a token, AEVO, and two audits are listed.

Its homepage and public reporting provided were minimal, so details such as the team, fee levels, supported markets and leverage limits are not covered here.

How Aevo Perps works

Aevo Perps is a decentralized derivatives exchange. Traders deposit collateral and open leveraged positions on crypto prices, taking either the long or short side. A perpetual future is a contract with no expiry that tracks an asset's price, usually kept in line through funding payments between longs and shorts.

The DefiLlama description presents Aevo as a high-performance decentralized options exchange. Options give the right, but not the obligation, to buy or sell an asset at a set price, and the platform's perps product complements that. The project does not detail the order-matching engine, collateral types or liquidation rules.

Because the listing spans Ethereum, Arbitrum, Optimism and Base, funds can be bridged or deposited across several networks. The specific deposit and withdrawal mechanics are not described publicly and should be checked in the app.

5 features

Key features

Derivatives trading venue

DefiLlama categorizes the project under derivatives and describes Aevo as a decentralized options exchange, with this listing covering perpetuals.

Multi-chain presence

The listing shows activity on Ethereum, Arbitrum, Optimism and Base, which gives users several networks to bring funds from.

Native AEVO token

DefiLlama lists AEVO as the project's token, which relates to the protocol's ecosystem.

Audits listed

DefiLlama lists two audits for the project, though the auditors and scope are not given publicly.

Established listing

Aevo has been tracked on DefiLlama since April 2023, which gives it a multi-year public record.

Pros and cons

What we like

Listed on DefiLlama since April 2023, giving it a multi-year public track record.
Active on four networks: Ethereum, Arbitrum, Optimism and Base.
About $15.1M in TVL shows meaningful capital in the protocol.
Two audits are listed on DefiLlama.
Positioned around options and perpetuals, which suits traders who want derivatives exposure on-chain.

Watch out for

Few details are published on fees, margin rules or liquidation mechanics, so cost and risk are hard to judge up front.
Derivatives trading, especially leveraged perps and options, can lose money quickly and suits experienced traders only.
Smart-contract, bridge and exchange-infrastructure risks apply; only two audits are listed and their scope is not detailed here.
Availability by country and any KYC or geographic restrictions are not stated publicly, so users must check the terms themselves.
The AEVO token adds token-price exposure for anyone who holds it, and its utility is not described publicly.

Aevo Perps fees

The project does not include a fee schedule for Aevo Perps. Typical costs on a perpetuals exchange include trading fees, funding payments between longs and shorts, and network or withdrawal costs, but the actual rates here are not published.

Users should check the fee details in the trading app and the official documentation before opening a position.

Is Aevo Perps safe?

DefiLlama lists two audits for Aevo, but the auditors, dates and findings are not public. Audits lower the chance of code bugs but do not remove smart-contract, oracle, bridge or liquidation-engine risk. The custody model and any past incidents are not described in the data, so they should be checked independently.

Leveraged derivatives can lead to rapid and total loss of collateral. Regulatory treatment of derivatives trading varies by country, and the project does not state restrictions or KYC requirements. Check the terms and make sure you are legally allowed to use the service. Only trade with money you can afford to lose.

6 steps

How to get started with Aevo Perps

1
Read the official documentation and terms, and confirm that derivatives trading is legal and permitted where you live.
2
Set up a self-custody wallet that works with the networks Aevo supports, such as Ethereum, Arbitrum, Optimism or Base.
3
Open the Aevo app from the official site and connect your wallet.
4
Deposit a small amount of funds and review the fee, margin and liquidation information shown in the app.
5
Start with small positions and low leverage until you understand how funding and liquidations behave.
6
Monitor open positions and keep spare collateral so you are not liquidated by sudden price moves.

Open Aevo Perps

Who Aevo Perps is for

Aevo Perps is aimed at experienced DeFi traders who understand leverage, funding rates and liquidations and want derivatives exposure with a self-custody wallet. It is not a good fit for beginners or anyone unable to absorb the loss of their deposit.

Aevo Perps FAQs

What is Aevo Perps?

Aevo describes itself as a high-performance decentralized options exchange. This listing is for its perpetuals product, Aevo Perps, which sits in the derivatives category on DefiLlama.

Which blockchains does Aevo Perps use?

DefiLlama lists Aevo Perps on Ethereum, Arbitrum, Optimism and Base. Which networks support deposits or trading in the app should be confirmed in the app itself.

Does Aevo have a token?

Yes. DefiLlama lists a token with the ticker AEVO. Public sources provided do not describe its utility, supply or distribution, so check the project's official documentation before buying it.

Is Aevo Perps safe?

Public sources list two audits but do not name the auditors or give their findings. Audits reduce but do not remove smart-contract risk, and derivatives trading can lead to total loss of deposited funds.

What are the fees on Aevo Perps?

The project does not publish a fee schedule. Trading fees, funding rates and any withdrawal costs should be visible in the app or in Aevo's documentation before you trade.

Compare

Aevo Perps alternatives

All alternatives

Ostium

Derivatives

Ostium is an Arbitrum perpetuals platform for FX, metals, equities and other real-world assets, with an API aimed at professional users.

TVL $2.44M−32.5%Arbitrum

ApeX Pro

Derivatives

ApeX Pro is a decentralized perpetuals exchange, now branded ApeX Omni, offering 100+ markets with up to 100x leverage and self-custody for derivatives traders.

TVL $1.28M−0.9%Ethereum · Polygon · Arbitrum +4

Antarctic

Derivatives

Antarctic is a self-custodial perpetual futures DEX on Arbitrum for leveraged traders, with no listed audits or token.

TVL $8.57M+0.4%Arbitrum

Contango V2

Derivatives

Contango V2 is a DeFi protocol that automates leveraged looping on lending markets across ten chains for long, short and yield strategies.

TVL $16.2M+138%Arbitrum · Ethereum · Base +7

Orderly Bridge

Derivatives

Orderly is omnichain, shared-orderbook infrastructure that lets builders launch perpetual-futures DEXs, used by traders through those frontends.

TVL $25.7M−1.0%Ethereum · Solana · BNB Chain +16

Grvt Bridge

Derivatives

Grvt Bridge is the Ethereum bridge into Grvt, a non-custodial zero-knowledge exchange for crypto, stock and commodity perpetuals, for active traders.

TVL $34.0M+1.1%Ethereum

Same category

More Derivatives dApps

Derivatives rankings

Hyperliquid

Derivatives

Hyperliquid is a Layer-1 blockchain with a non-custodial onchain exchange for perpetual futures and spot trading, aimed at active crypto traders.

Hyperliquid L1

Gtrade by Gains Network

Derivatives

Gtrade is a non-custodial app from Gains Network for leveraged long and short trading on crypto, forex, stocks, indices and commodities, mainly on Arbitrum.

Arbitrum · Polygon

Jupiter Perpetual Exchange

Derivatives

Jupiter Perpetual Exchange is a Solana perpetuals venue where LPs fund a pool that leveraged traders trade against at oracle prices.

TVL $661M−6.1%Solana

MUX Perps

Derivatives

MUX Perps is a decentralized perpetuals trading protocol and aggregator offering up to 100x leverage across several chains, for experienced non-US traders.

TVL $8.95M−3.3%Arbitrum · Avalanche · BNB Chain +2

Drift

Derivatives

Drift is a Solana-based on-chain exchange offering leveraged perpetual futures and spot trading for active crypto traders.

Solana

Gmx

Derivatives

GMX is a decentralized exchange for spot and perpetual futures trading with up to 50x leverage, running on Arbitrum and Avalanche, for experienced DeFi traders.

Arbitrum · Avalanche

Same chain