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Fermi Trade

Key Metrics

Perp Volume 30d$15.71m
Perp Volume 30d by chain

Solana$15.71m

Perp Volume 7d$6.21m

Solana$6.21m

Perp Volume 24h$515,294

Solana$515,294

Cumulative Perp Volume$64.76m

Solana$64.76m

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 ($693.32m)GMX Solana ($25.22m)Phoenix Perp ($23.25m)BULK ($7.99m)TurboFlow Perps ($6.65m)Bumpin Trade ($4.19m)Cardboard Trade ($859,066)Parcl V3 ($761,301)Drift Trade ($641,122)Lavarage ($553,584)

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 #420 by TVL. The category holds $1.909b across 420 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 $15.71m in perpetual futures volume over the past 30 days.