# Robinhood Chain DEX volume — X 热门讨论 (2026-09-24 10:08 UTC)

## @Crappy_Max (Crappy Max) · 09-24 04:08 · ♥166 ↻1 💬151 The DEX perps market is getting crowded. 👀

Hyperliquid still leads, but there’s now a serious lineup competing across crypto, equities, commodities, RWAs and TradFi.

Here’s the landscape:

• Hyperliquid — @HyperliquidX Own L1 CLOB. Dominant volume + open interest.

• TradeXYZ — @tradexyz HIP-3 on Hyperliquid. Equities, indices, commodities, pre-IPO.

• Aster — @Aster_DEX Multi-chain CLOB + Shield. Huge market selection.

• EdgeX — @edgeX_exchange StarkEx CLOB covering crypto + TradFi perps.

• Lighter — @Lighter_xyz zk rollup, 0%/0% standard fees. Also connected to Robinhood Chain.

• Variational / Omni — @Variational_io High-volume snapshots and zero-fee retail positioning.

• Pacifica — @pacifica_fi Solana-based CLOB.

• GRVT — @grvt_io Hybrid CEX-style UX with self-custody.

• Extended — @extendedapp Starknet-based CLOB.

• ApeX Omni — @OfficialApeXdex Multi-chain perp infrastructure.

• dYdX — @dYdX Own Cosmos chain. One of the veteran CLOBs.

• GMX — @GMX_IO Oracle/pool model across Arbitrum and Avalanche.

• Jupiter Perps — @JupiterExchange Solana-based pool/oracle model.

• Ostium — @OstiumLabs Focused heavily on RWAs, forex and indices.

• Paradex — @tradeparadex Starknet. Zero-fee retail + privacy angle.

• Drift — @DriftProtocol Solana hybrid architecture.

• Gains Network — @GainsNetwork_io Known for very high advertised leverage.

• Vertex — @vertex_protocol Hybrid CLOB.

• Orderly — @OrderlyNetwork Shared order book across multiple chains.

Then the newer names:

PopDEX — @popdex_ Trader-first CLOB on Morph Tachyon, with unified margin and crypto + RWA/equity markets. $30M seed led by Foresight.

And TxFlow — @TxFlow_L1 👀

Own L1. Fully onchain CLOB. Crypto + stock/TradFi perps, spot and prediction markets.

It’s not competing with Hyperliquid on raw volume yet, but ~$90M 24h and ~$2.2B 30d volume is enough to put it on my radar.

Especially because TxFlow is building beyond the usual “just trade crypto perps” model.

The bigger trend is clear:

DEXs are evolving from crypto-only trading venues into full onchain markets for everything.

And there are a lot more players fighting for that future than there were a year ago.

NFA. Always verify official handles/docs before trading. https://x.com/Crappy_Max/status/2102973547459096887