What are the best crypto futures platforms?

Here are the top perp/futures DEXs by 24-hour fee revenue, per DefiLlama (real usage data — not a recommendation to trade, just what's most active right now). Note that perp trading volume isn't shown here — DefiLlama's derivatives volume data requires a paid plan, so fees and revenue are the closest free proxy for usage.

1. Hyperliquid — the most active perp venue by a wide margin: $4.14M daily fees, $3.32M protocol revenue. A Layer-1 blockchain best known for its perps DEX. hyperliquid.xyz
2. Jupiter Perpetuals — Solana's main perp venue: $750M TVL, $631K fees/day, $158K revenue/day. LP-to-trader model with oracle pricing. jup.ag
3. Lighter — orderbook-based perps with verifiable matching/liquidations: $399K fees/day, $372K revenue/day. app.lighter.xyz
4. edgeX — high-performance orderbook perp DEX: $194K fees/day, $145K revenue/day. pro.edgex.exchange
5. Pacifica — Solana perps (advanced order types + APIs): $26.6M TVL, $177K fees/day. app.pacifica.fi
6. GMTrade — Solana perps covering crypto + RWA markets, isolated liquidity pools: $31.7M TVL, $173K fees/day, $43K revenue/day. gmtrade.xyz
7. Aster — perp DEX with up to 1001x leverage in Simple Mode + pro tools: $161K fees/day. Backed by YZi Labs. asterdex.com
8. AZverse — DEX infrastructure providing shared liquidity and a trading engine for DEX builders: $51.8M TVL, $116K fees/day. azverse.xyz

Two more perp DEXs in our curated directory that aren't in the top revenue rankings but are worth knowing if you're shopping around: Fomo (mobile app for Solana meme coins + perps) and GMX (long-running perp/spot DEX on Arbitrum and Avalanche).

Also tracked: FomoDownload App, LighterTrade Now, AsterTrade Now, GMTradeTrade Now, edgeXTrade Now, GMXTrade Now.