Level Finance

Gains Network

dYdX (ethDYDX)

Gambit

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Perpetual (Perps) trading or crypto perpetual is a financial derivative in the cryptocurrency marketplace, allowing traders to bet on the future value of an asset.&nbsp;</a> </li> 
 <li> <span>2</span> <a>The concept gained popularity among crypto traders in the past few years, showing daily trading volumes of around $180 Billion.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a> </li> 
</ul> 
<p>The idea of Perps trading is somewhat similar to future contracts allowing traders to scheme on the future price shifts of cryptocurrencies. The only fact that differentiates both the terms is, perpetual trading does not have expiry dates, instead uses a funding rate mechanism. The mechanism simply balances the long and short-term positions of perps trading.&nbsp;</p> 
<p>Here are some Decentralized Exchange (DeX) to use for Perps trading to gain more profits in the near future.&nbsp; &nbsp; &nbsp; &nbsp; <strong>&nbsp;</strong></p> 
<h2 class="wp-block-heading" id="strong-gns-strong"><strong>GNS</strong></h2> 
<p>GNS or the Gains Network is considered one of the most unique and efficient exchanges for perps trading. The network was launched in January 2021 and its native token GNS was introduced in October 2021.&nbsp;</p> 
<p>Synthetic leverage is used by the platform to offer high-leveraged trades with any asset class. Low trading fees and the availability of 100+ trading pairs offering different assets from different classes make the platform more compatible with traders.&nbsp;</p> 
<p>In addition, lucrative referral programs and efficient use of <a href="https://www.thecoinrepublic.com/2023/08/27/top-10-most-expensive-nfts-adding-value-to-the-nft-landscape/" rel="noopener noreferrer nofollow">NFTs to boom</a> earning potentials for stakes made GNS a strong platform to discover in 2023.&nbsp;&nbsp;&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-dydx-strong"><strong>dYdX</strong></h2> 
<p>Another powerful name in the list is dYdX, a Layer-2 DeX supporting perpetual trading. The platform was designed by Antonio Juliano in 2017 and is considered one of the most efficient platforms offering spot training, lending, and borrowing as well as Perps trading.&nbsp;</p> 
<p>The platform offers gasless transitions and the deepest liquidity, making the platform more compatible with traders. Low trading fees, high interest, and a user-friendly interface make dYdX more powerful as a perpetual trading platform.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-foxify-strong"><strong>Foxify</strong></h2> 
<p>Foxify is the best to discover as a trading platform. The platform was launched in June 2023 and is one of the most innovative crypto trading platforms to date. It is one of the best examples of trading platforms offering the simplicity of CeFi, freedom of DeFi, and along with a high level of security in one.&nbsp;</p> 
<p>The platform offers peer-to-peer trading options and leveraged liquidity, allowing users to earn extra yield. The platform also trains freshers to get familiar with the trading world.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-gmx-strong"><strong>GMX</strong></h2> 
<p>Another power and largest DeX for perpetual trading on the Arbitrum Layer-2 is GMX. The platform was launched as Gambit Exchange in September 2021 and allows users to trade on Avalanche or Arbitrum.&nbsp;</p> 
<p>It is one of those platforms that distribute 100% of the fee to the liquidity providers and stakers along with offering deep liquidity for perpetual trading. The swapping interface is easy to use and motives to offer a zero price impact, making it one of the most popular exchange platforms.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-level-finance-strong"><strong>Level Finance</strong>&nbsp;</h2> 
<p>Level Finance is another popular name in the list of Perps trading platforms launched in December 2022. The platform has two native tokens that are: LVL and LGO which uses auctions to sell LVL.&nbsp;</p> 
<p>Further, Perps traders are allowed to set their risk tolerance when offering liquidity, making it an efficient platform for Perps trading. Other benefits include loyalty programs, tokenomics, and low trading fees.&nbsp;&nbsp;&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>GMX, dYdX, Foxify, Level Finance, and GNS are some most effective and compatible DeX platforms to explore in 2023 for Perps trading. One should research thoroughly and analyse each platform well before using them for trading.&nbsp;</p>

5 Best DeX Perps Platforms to Offer High Profits in 2023

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 30, 2023

The Unbelievable Rise: How Bad Idea AI Raked in 170 Ethereum for New CEX Listings

Analysts: chance of SEC approving spot Bitcoin ETF in 2024 is at 95%

Cardano’s Battle: Bulls Eyeing a Comeback to $0.29 Amidst Ominous Market Signals

SEBA Hong Kong Gains Approval-in-Principle, Paving the Way for Licensed Cryptocurrency Services

Core Quickswap Members Launch 50x Leverage on Kava Chain

CoinShares reports largest crypto outflows since US crackdown

Join our free newsletter for daily crypto updates!