Derivatives · Review
ActiveVest Markets Review 2026: Perps DEX With 50x Leverage
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.
By the DappsAtlas editorial team · Updated
DappsAtlas score
5.5/10
Mixed
Our verdict on Vest Markets
5.5/10Vest Markets suits experienced derivatives traders who want a perps DEX covering equities, FX and crypto with high leverage and are comfortable with early-stage risk. Its main strength is the broad market range plus 24/7 access. The main caveat is thin public detail and low TVL: the zero-fee claim is unexplained, and 50x leverage can liquidate positions fast. Read the documentation and start small.
Score breakdown
How Vest Markets scores
- Security
- 5.0/10
- 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 Vest Markets?
Vest Markets, also listed as Vest Exchange, is a perpetuals DEX. Its homepage says traders can access equities, crypto and FX with up to 50x leverage, 24/7 trading, instant settlement and zero fees.
DefiLlama categorises it under Derivatives and has tracked it since March 2024. It reports about 340,657 USD in TVL, up 61.5% over seven days, across Arbitrum, Ethereum, BNB Chain, Base, Optimism, Polygon and zkSync Era. It lists two audits and no native token.
The scale is small and public detail is limited to a short tagline and a one-line DefiLlama description. This review relies on those facts and does not cover hands-on testing.
How Vest Markets works
A perpetuals DEX lets traders take long or short positions on an asset's price without owning it and without an expiry date. Traders post collateral as margin and choose leverage. If losses eat too much of the margin, the position is liquidated.
DefiLlama describes Vest Exchange as a Perps DEX focused on capital-efficient liquidity and fair pricing for traders and liquidity providers. That suggests a model where liquidity providers supply capital that takes the other side of trades, though the specific design is not detailed publicly.
The homepage adds that markets span equities, crypto and FX, with instant settlement. Pricing for those markets depends on oracles or price feeds, and the project does not say which are used.
5 features
Key features
01
Up to 50x leverage
The homepage advertises leverage of up to 50x on supported markets. This increases both potential gains and liquidation risk.
02
Multi-asset markets
The tagline lists equities, crypto and FX, which is a wider range than most crypto-only perp venues. The exact market list is not public.
03
24/7 access
The site claims trading is available all day, every day, including for assets that traditional markets close for overnight and weekends.
04
Instant settlement
The homepage promotes instant settlement and zero fees. The mechanism behind both claims is not detailed publicly.
05
Multi-chain support
DefiLlama lists seven chains, giving users several networks to connect from.
Pros and cons
What we like
- Covers equities, crypto and FX in one venue, according to the homepage.
- Round-the-clock trading access with instant settlement is advertised.
- Two audits are listed on DefiLlama.
- Listed on seven chains, offering flexibility on where to connect.
- No token, so there is no token-related pressure on the product.
Watch out for
- Published detail is limited: its homepage we have is only a title and a short tagline, with no documentation on margin rules, liquidations or oracles.
- TVL is small at roughly 340,000 USD, which can mean thin liquidity and larger price impact on bigger orders.
- The 61.5% weekly TVL change shows how volatile the pool size is at this scale.
- No native token and no stated team, so there is no public governance or accountability structure.
- The 'zero fees' claim is not explained, so costs such as spreads, funding or withdrawal charges are unclear.
- Leverage up to 50x magnifies losses and can liquidate a position quickly.
Vest Markets fees
The homepage advertises zero fees. The project does not break this down, so it is unclear how spreads, funding rates, liquidation penalties or network gas are handled.
No fee schedule is in the data we have. Users would see actual costs in the trading interface and any documentation before opening a position.
Is Vest Markets safe?
DefiLlama lists two audits, but the auditors, dates and findings are not public, so their value cannot be judged. Smart-contract risk, oracle risk and liquidity risk remain for any perps DEX, and the low TVL means less buffer.
No licence or regulatory status is stated. Leveraged derivatives are restricted in many jurisdictions, so check local rules. Up to 50x leverage can wipe out a deposit quickly; only trade funds you can afford to lose.
6 steps
How to get started with Vest Markets
- 1
Open the official site and read any available documentation on markets, margin and liquidation rules.
- 2
Check that perpetual and leveraged trading is permitted where you live.
- 3
Connect a compatible crypto wallet and pick one of the supported networks.
- 4
Deposit a small amount of collateral to start.
- 5
Review the fee, funding and liquidation details shown for your chosen market before ordering.
- 6
Start with low leverage and set your own loss limits.
Who Vest Markets is for
Experienced traders comfortable with perpetual futures, margin and liquidation who want multi-asset exposure on-chain. It is not suited to beginners or anyone who cannot absorb a total loss.
Vest Markets FAQs
What is Vest Markets?
Vest Markets, also listed as Vest Exchange, is a perpetuals DEX. Its homepage says you can trade equities, crypto and FX with up to 50x leverage, around the clock.
Does Vest Markets really charge zero fees?
The homepage claims zero fees. The project does not explain whether that excludes spreads, funding rates or network gas costs, so check the trading interface before placing orders.
Which blockchains does Vest Markets support?
DefiLlama lists Arbitrum, Ethereum, BNB Chain, Base, Optimism, Polygon and zkSync Era. Which of these you can deposit from or trade on should be confirmed in the app.
Does Vest Markets have a token?
No. DefiLlama shows no token for the project. Any token marketed under the name should be treated with caution unless the official site confirms it.
Is Vest Markets safe?
DefiLlama lists two audits, but the project does not name the auditors or give results. Audits reduce but do not remove smart-contract risk, and leveraged trading can still lead to total loss of deposited funds.
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How we checked
Sources
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