tradeXYZ Hyperliquid HIP-3 24h volume $3.52B
Fees 0.03% / 0.09%
Active Trade Best perp DEXs with no token yet in 2026
No-token venues can offer higher airdrop upside, but only when the project has real usage, clear incentives and enough liquidity for normal trading.
tradeXYZ Hyperliquid HIP-3 
GRVT zkSync · Ethereum 24h volume $1.41B
Fees -0.0001% / 0.045%
Active 
Pacifica Solana 24h volume $985.0M
Fees 0.015% / 0.04%
Active Trade 
edgeX EDGE Chain · Arbitrum · Ethereum 24h volume $884.0M
Fees 0.012% / 0.038%
Active 
Variational Ethereum · Arbitrum 24h volume $757.1M
Fees 0% / 0%
Active Trade 
StandX BNB Chain · Ethereum 24h volume $700.3M
Fees 0.01% / 0.04%
Active 
Extended StarkEx · Starknet 24h volume $558.8M
Fees 0% / 0.025%
Active Trade 
Nado Ink 24h volume $164.6M
Fees 0.01% / rebates / 0.035%
Active 
Dreamcash Ethereum 24h volume $95.5M
Fees 0.025% / 0.025%
Active 
Ostium Arbitrum 24h volume $78.8M
Fees 0.03% / 0.1%
Active 
Rho Ethereum 24h volume $65.6M
Fees dynamic / dynamic
Active Trade 
Vest Ethereum · Arbitrum 24h volume $52.5M
Fees 0.01% / 0.01%
Active 
Boros Ethereum 24h volume $46.8M
Fees dynamic / dynamic
Not active Trade 
Decibel Ethereum 24h volume $18.5M
Fees 0.011% / 0.034%
Active Trade 
Paradex Paradex Chain · Starknet 24h volume $13.8M
Fees dynamic / dynamic
XP 
Hibachi Ethereum 24h volume $12.0M
Fees 0% / 0.045%
Active 
Ethereal Ethena 24h volume $10.2M
Fees 0% / 0.03%
Active Trade 
Hotstuff Ethereum 24h volume $7.6M
Fees -0.002% / 0.025%
Active Trade 
Perpl Ethereum 24h volume $7.5M
Fees 0.019% / 0.05%
Active Trade 
01 Solana 24h volume $5.8M
Fees 0.01% / 0.035%
Active 
HYENA Ethereum 24h volume $2.6M
Fees 0.0167% / 0.05%
Active Trade 
Rocket Ethereum 24h volume $223.9K
Fees 0.01% / 0.01%
Active 
Felix Hyperliquid L1 24h volume —
Fees 0.03% / 0.09%
Active Trade 
Ventuals Ethereum 24h volume —
Fees 0.03% / 0.09%
Active Trade