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QFEX

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Key Metrics

Perp Volume 30d$7.64b
Perp Volume 30d by chain

Off Chain$7.64b

Perp Volume 7d$1.992b

Off Chain$1.992b

Perp Volume 24h$390.03m

Off Chain$390.03m

Cumulative Perp Volume$39.888b

Off Chain$39.888b

$140.67m

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 ($773.85m)GMX V2 Perps ($210.06m)Hyperliquid HLP ($180.15m)Extended Perps ($119.19m)Lighter Robinhood Perps ($110.83m)dYdX V4 ($70.67m)AZverse Perps ($52.02m)Arcus Perps ($48.73m)Papertrade ($40.49m)dYdX V3 ($37.88m)

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 #409 by TVL. The category holds $2.025b across 420 protocols, and QFEX accounts for 0% of that total. Other leading protocols include Jupiter Perpetual Exchange, GMX V2 Perps, Hyperliquid HLP, Extended Perps, Lighter Robinhood Perps, dYdX V4, AZverse Perps, Arcus Perps, Papertrade, and dYdX V3.

How much perpetual futures volume does QFEX process?

QFEX processed $7.64b in perpetual futures volume over the past 30 days.