Derivatives · Review
ActiveBluefin Pro Review 2026: Sui Perpetuals DEX
Bluefin Pro is the higher-performance version of the Bluefin perpetuals exchange on Sui. It lists two audits and named risk partners, but its TVL is modest and it excludes US residents.
By the DappsAtlas editorial team · Updated
DappsAtlas score
7.0/10
Good
Our verdict on Bluefin Pro
7.0/10Bluefin Pro suits experienced traders who already use Sui and want a perpetuals exchange with named audit and risk partners. Its main strength is the listed security setup and Sui's speed. The main caveat is size: TVL is around $1.49M, fees are not published in the research material, leverage is risky, and US residents are excluded. Start small and read the audit reports first.
Score breakdown
How Bluefin Pro scores
- Security
- 7.5/10
- Ease of use
- 7.0/10
- Fees
- n/a
- Features
- n/a
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 Bluefin Pro?
Bluefin Pro is the upgraded version of Bluefin, a decentralized derivatives exchange built on the Sui blockchain. DefiLlama lists it under Derivatives and shows it live since July 2025, with about $1.49M in TVL and a 1.7% rise over seven days.
The Bluefin homepage describes a wider ecosystem covering spot, derivatives and more, and says the team has built on Sui since 2023. It names Polychain, SIG, Tower and Brevan Howard Digital as backers, and says leadership has experience at Meta and Goldman Sachs. These are the project's own claims.
The project has a native token, BLUE, with an airdrop referenced on the site. The platform is not offered to US residents.
How Bluefin Pro works
Bluefin Pro is a decentralized derivatives exchange on Sui. Users trade perpetual futures, which are contracts that track an asset's price without an expiry date. Traders post collateral as margin and can take leveraged long or short positions.
Public sources say Bluefin runs on Sui and points to the chain's low latency as a reason. Public reporting describes an order-book design and cross-margining, which lets collateral support several positions. Funding rates and liquidations keep contract prices near the underlying market.
A risk engine sets margin requirements and liquidation thresholds. The homepage says Chaos Labs helps design and monitor Bluefin's risk engine, and that market makers provide liquidity.
7 features
Key features
01
Perpetuals on Sui
Bluefin Pro is positioned as an upgraded derivatives exchange for faster, higher-volume trading, according to DefiLlama.
02
Cross-margining
A search snippet says Bluefin Pro came with cross-margining and both regulated and permissionless versions. Details should be confirmed in the docs.
03
Low-latency execution
The homepage cites sub-390ms end-to-end latency and 297,000 peak TPS for Sui's Mysticeti consensus. These are self-reported figures.
04
Market maker liquidity
The homepage says liquidity is supported by market makers, though it does not name them in the extracted text.
05
API access
The homepage links to an API, which suggests programmatic trading is supported. Details are in the docs.
06
Security partners
Trail of Bits audits, Guardrail monitoring and Chaos Labs risk-engine work are named on the homepage.
07
Referral program
Public reporting mentions an affiliate program that gives early access and perks from a referrer.
Pros and cons
What we like
- Two audits are listed on DefiLlama, and the homepage names Trail of Bits as an auditor
- Named security and risk partners: Guardrail for threat monitoring and Chaos Labs for the risk engine
- Runs on Sui, which the project cites for sub-390ms latency
- Backers named on the site include Polychain, SIG, Tower and Brevan Howard Digital
- Has API access and a referral program for active traders
Watch out for
- TVL of about $1.49M on DefiLlama is small for a derivatives exchange, which may mean thinner liquidity for large orders
- Not available to United States residents, per the homepage
- Runs only on Sui, so users need a Sui wallet and Sui-native assets
- Leveraged perpetual trading can lead to fast losses and liquidation
- Fees, margin rules and market lists are not given in the research material, so costs cannot be compared up front
- The homepage copyright line reads 2025, and some marketing claims such as latency and TPS are self-reported
Bluefin Pro fees
Fee details are not published in the research material. That includes taker and maker fees, funding rates and withdrawal costs. Users would see current figures in the trading interface and the official docs before placing an order.
On a perpetuals exchange, costs usually include trading fees, funding payments between longs and shorts, and network gas on Sui. Check each before opening a leveraged position.
Is Bluefin Pro safe?
The homepage says Bluefin works with Trail of Bits on smart contract audits, Guardrail on real-time threat monitoring and Chaos Labs on risk engine design. DefiLlama lists two audits. The audit reports themselves are not in the research material, so their scope and findings should be read directly.
Like any DeFi derivatives platform, risks include smart contract bugs, oracle or liquidation failures, and losses from leverage. Users keep control of their wallets, but funds deposited as margin sit in protocol contracts. The platform is not available to US residents, and users elsewhere should check their local rules. No incidents are noted publicly, but that does not prove there have been none.
6 steps
How to get started with Bluefin Pro
- 1
Confirm that derivatives trading is legal where you live and that you are not a US resident, since the platform is not available there.
- 2
Set up a Sui-compatible wallet and keep a small amount of SUI for network fees.
- 3
Open the official Bluefin site and use the Trade Now button to reach the exchange.
- 4
Read the docs on margin, funding rates and liquidation rules.
- 5
Deposit collateral and start with a small position and low leverage.
- 6
Set stop-loss levels and monitor your margin so a position is not liquidated.
Who Bluefin Pro is for
Bluefin Pro is for derivatives traders who are comfortable with leverage, self-custody wallets and the Sui ecosystem. It is not for beginners, US residents, or anyone who cannot afford to lose their margin.
Bluefin Pro FAQs
What is Bluefin Pro?
Bluefin Pro is described by DefiLlama as the upgraded, high-performance version of the Bluefin decentralized derivatives exchange, built on the Sui blockchain. It is listed under the Derivatives category.
Is Bluefin available in the United States?
The homepage says the platform is not available to United States residents. Users elsewhere should check their own local rules on derivatives trading before using it.
Does Bluefin have a token?
DefiLlama names a token called BLUE, and the homepage references a BLUE token airdrop with its own terms and conditions. The research material does not give details such as supply or utility, so check the official docs.
Has Bluefin been audited?
The homepage cites smart contract audits with Trail of Bits, real-time threat monitoring with Guardrail, and risk engine design and monitoring with Chaos Labs. DefiLlama lists two audits. Audits reduce risk but do not remove it.
What can I trade on Bluefin?
The homepage lists spot, derivatives and lending-related trading across its ecosystem, and a search snippet mentions perps, spot and lending. Bluefin Pro itself is described as a derivatives exchange. Check the app for the current market list.
What are Bluefin's fees?
The project does not state the fee schedule. Trading fees, funding rates and any referral discounts would be shown in the Bluefin app and docs.
Compare
Bluefin Pro alternatives
Jupiter Perpetual Exchange is a Solana perpetuals venue where LPs fund a pool that leveraged traders trade against at oracle prices.
Decibel is an Aptos-based onchain trading engine for perpetual futures, spot and yield, aimed at experienced crypto traders.
Hyperliquid HLP is a community-owned vault that provides market making and liquidations on the Hyperliquid exchange for fee-share returns.
DipCoin Perps is a self-custodial perpetual futures exchange on Sui that aims to pair centralized-exchange speed with on-chain transparency.
dYdX V4 is a decentralized perpetual futures exchange on its own Cosmos SDK chain, aimed at experienced crypto derivatives traders.
BULK is a newly listed perpetuals DEX on Solana that markets 20ms blocks, up to 40x leverage and portfolio margining.
Same category
More Derivatives dApps
Hyperliquid is a Layer-1 blockchain with a non-custodial onchain exchange for perpetual futures and spot trading, aimed at active crypto traders.
Contango V2 is a DeFi protocol that automates leveraged looping on lending markets across ten chains for long, short and yield strategies.
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.
Orderly is omnichain, shared-orderbook infrastructure that lets builders launch perpetual-futures DEXs, used by traders through those frontends.
MUX Perps is a decentralized perpetuals trading protocol and aggregator offering up to 100x leverage across several chains, for experienced non-US traders.
Drift is a Solana-based on-chain exchange offering leveraged perpetual futures and spot trading for active crypto traders.
Same chain
More on Sui
OKX is a major centralized crypto exchange for spot and derivatives trading, earn products and a Web3 wallet, with its own OKB token.
Triton One provides Solana RPC, gRPC streaming and indexed ledger data for developers, wallets and trading teams, alongside open-source tools.
Gate is a centralized crypto exchange founded in 2013 offering spot, futures, stocks and earn products for traders who want one multi-asset account.
Bitget is a centralized exchange for crypto spot and futures that also offers tokenized stocks, commodities and forex in one account, for active traders.
Backpack is a crypto exchange, US stock broker and self-custody wallet offering perps, lending yield and cross-collateral margin in one app.
Wormhole is a cross-chain messaging and bridge protocol linking over 40 blockchains, with the W governance token, for DeFi users and multichain developers.
How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.