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Fermi Trade

Key Metrics

Perp Volume 30d$15.2m
Perp Volume 30d by chain

Solana$15.2m

Perp Volume 7d$7.72m

Solana$7.72m

Perp Volume 24h$845,183

Solana$845,183

Cumulative Perp Volume$64.24m

Solana$64.24m

Total Raised$1.2m

May 21, 2025$1.2mRound: Pre-SeedInvestors: Big Brain Holdings, Equilibrium co

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Protocol Information

Fermi Trade is a fully onchain orderbook perps DEX on solana, offering low latency (<20ms) and deterministic FCFS execution.

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Category:Derivatives
Products:

Methodology

Perp Volume: Notional volume of all trades including leverage on the perp exchange

Competitors

Jupiter Perpetual Exchange ($688.97m)GMX Solana ($25.21m)Phoenix Perp ($23.53m)BULK ($7.99m)TurboFlow Perps ($6.65m)Bumpin Trade ($4.18m)Cardboard Trade ($879,368)Parcl V3 ($761,165)Drift Trade ($640,995)Lavarage ($548,245)

Frequently asked questions

What chains does Fermi Trade operate on?

Fermi Trade operates on Solana.

How does Fermi Trade's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Fermi Trade ranks #427 by TVL. The category holds $1.907b across 427 protocols, and Fermi Trade accounts for 0% of that total. Similar protocols include Jupiter Perpetual Exchange, GMX Solana, Phoenix Perp, BULK, TurboFlow Perps, Bumpin Trade, Cardboard Trade, Parcl V3, Drift Trade, and Lavarage.

How much perpetual futures volume does Fermi Trade process?

Fermi Trade processed $15.2m in perpetual futures volume over the past 30 days.