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Key Metrics

Perp Volume 30d$4.432b
Perp Volume 30d by chain

Off Chain$4.432b

Perp Volume 7d$1.14b

Off Chain$1.14b

Perp Volume 24h$16.2m

Off Chain$16.2m

Cumulative Perp Volume$31.532b

Off Chain$31.532b

$285.63m

Total Raised$9.5m

Mar 5, 2026$9.5mRound: SeedInvestors: Yuri Sagalov, Paul Graham, Y Combinator

Protocol Information

QFEX is a 24/7 perps exchange for RWAs, powered by an institutional-grade central limit order book with microsecond-level latency.

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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 ($757.18m)GMX V2 Perps ($203.38m)Hyperliquid HLP ($187.16m)Derive V2 ($161.11m)Extended Perps ($119.3m)dYdX V4 ($72.66m)AZverse Perps ($51.72m)Lighter Robinhood Perps ($47.65m)dYdX V3 ($38.74m)Apex Omni ($30.79m)

Frequently Asked Questions

What chains does QFEX operate on?

QFEX operates on Off Chain.

How does QFEX's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, QFEX ranks #413 by TVL. The category holds $2.045b across 419 protocols, and QFEX accounts for 0% of that total. Other leading protocols include Jupiter Perpetual Exchange, GMX V2 Perps, Hyperliquid HLP, Derive V2, Extended Perps, dYdX V4, AZverse Perps, Lighter Robinhood Perps, dYdX V3, and Apex Omni.

How much perpetual futures volume does QFEX process?

QFEX processed $4.432b in perpetual futures volume over the past 30 days.