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This article outlines eight prominent perpetual decentralized exchanges (perp DEXs) that offer point programs worth farming. It discusses the potential for airdrops and provides practical strategies to maximize returns, while also highlighting key risks involved.
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In October 2025, the trading volume in perpetual decentralized exchanges (Perp DEXs) soared to $1.2 trillion, fueled by points programs and airdrops. This surge highlights how incentives drive user engagement and liquidity in the crypto space. The article identifies eight notable Perp DEXs with active farming opportunities, emphasizing the importance of evaluating whether these platforms are genuinely worth the effort.
Paradex V2 stands out with its zero trading fees and strong growth metrics, including a total value locked (TVL) of approximately $220 million and cumulative trading volume of $206 billion. Its points program has been extended to optimize conditions for its native $DIME token listing. edgeX, another key player, has transitioned from a Perp DEX to the EDGE Chain, boasting a 30-day trading volume of $84.58 billion and a points program that rewards organic usage.
GRVT, built on zkSync, focuses on high-performance trading while maintaining Ethereum-level security. It has a TVL of around $85 million and cumulative trading volume exceeding $2 trillion. Extended, developed by a former Revolut team, has a hybrid architecture and offers up to 100x leverage, with a TVL of $200 million. Lastly, Pacifica, currently in closed beta on Solana, is gaining traction and has already surpassed established competitors in volume. It offers up to 50x leverage and a points bonus program designed to incentivize trading activity.
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