Logo of Fermi Trade V1

Fermi Trade V1

Key Metrics

Perp Volume 30d$0
Perp Volume 30d by chain

Solana$0

Cumulative Perp Volume$49.04m

Solana$49.04m

Total Raised$1.2m

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

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

Methodology

Perp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Competitors

Jupiter Perpetual Exchange ($772.73m)GMX Solana ($27.85m)Pacifica Perps ($27.22m)Phoenix Perp ($23.52m)BULK ($7.8m)TurboFlow Perps ($6.57m)Bumpin Trade ($4.45m)Parcl V3 ($763,138)Lavarage ($700,563)Drift Trade ($642,463)

Frequently Asked Questions

What chains does Fermi Trade V1 operate on?

Fermi Trade V1 operates on Solana.

How does Fermi Trade V1's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Fermi Trade V1 ranks #401 by TVL. The category holds $2.104b across 421 protocols, and Fermi Trade V1 accounts for 0% of that total. Other leading protocols include Jupiter Perpetual Exchange, GMX Solana, Pacifica Perps, Phoenix Perp, BULK, TurboFlow Perps, Bumpin Trade, Parcl V3, Lavarage, and Drift Trade.

How much perpetual futures volume does Fermi Trade V1 process?

Fermi Trade V1 processed $0 in perpetual futures volume over the past 30 days.