2025 Landscape

🔥 Emerging On-Chain Trading Platforms

The next generation of perpetual DEXs — Hyperliquid-style builder ecosystems across multiple chains

SimTrade.io: The Sandbox for On-Chain Builders

  • • Test Hyperliquid-style builder codes
  • • Simulate AI agent strategies across multiple DEXs
  • • Pay only for what you simulate via x402
  • • Graduate your bot or builder code to real on-chain trading
🌊

Hyperliquid

Custom L1

✅ Integrated

Builder Codes

✅ Live

Target Audience

Pro/crypto traders, AI agents

24h Volume

$4200.0M

Core Features

On-chain order bookHigh-speed tradingGasless execution

dYdX v4

Cosmos SDK

🚧 Coming Soon

Builder Codes

🧩 Expanding

Target Audience

Advanced traders, CEX migrators

24h Volume

$2800.0M

Core Features

Advanced perpetualsCross-marginHigh liquidity
🏔️

GMX v2

Arbitrum / Avalanche

✅ Integrated

Builder Codes

Limited

Target Audience

Retail & wallet traders

24h Volume

$920.0M

Core Features

Spot + PerpetualsOracle pricingSimple wallet trading
🔥

Drift v2

Solana

✅ Integrated

Builder Codes

🧩 Bot support

Target Audience

Solana DeFi, algo traders

24h Volume

$680.0M

Core Features

On-chain perpsCross-marginYield on collateral

Aster DEX

Custom L2

🚧 Coming Soon

Builder Codes

🧩 Beta

Target Audience

Early-stage builders

24h Volume

$45.0M

Core Features

Hybrid liquidityHigh throughputBuilder ecosystem
💡

Lighter

Optimism / Base

✅ Integrated

Builder Codes

🧩 API-driven

Target Audience

Devs integrating perps

24h Volume

$38.0M

Core Features

Composable APIsReferral codesPay-per-call
🎯

Aevo

OP Stack L2

🚧 Q2 2025

Builder Codes

API integrations

Target Audience

Structured-product traders

24h Volume

$125.0M

Core Features

Perpetuals + OptionsUnified marginRisk engine
🔗

Vela / MUX

Arbitrum / Base

✅ Integrated

Builder Codes

Community refs

Target Audience

Advanced DeFi users

24h Volume

$52.0M

Core Features

Aggregated perpsLiquidity routingLeverage tokens

SimTrade Integration Layer

The universal sandbox for emerging on-chain platforms. Test strategies, calculate builder revenue, and deploy to live markets.

Simulate

Risk-free testing across all platforms

Educate

Learn DeFi mechanics and builder attribution

Deploy

Graduate to live on-chain trading