Logo of Fermi Trade V1

Fermi Trade V1

Key Metrics

Cumulative Perp Volume$49.04m
Cumulative Perp Volume by chain

Solana$49.04m

Total Raised$1.2m

May 21, 2025$1.2mRound: Pre-SeedInvestors: Big Brain Holdings, Equilibrium co

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Protocol Information

Fermi Trade is a fully onchain orderbook perps DEX on solana, offering low latency (<20ms) and deterministic FCFS execution

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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 ($718.57m)GMX Solana ($25.76m)Phoenix Perp ($24.03m)BULK ($8.42m)TurboFlow Perps ($6.74m)Bumpin Trade ($4.3m)Cardboard Trade ($881,298)Parcl V3 ($761,046)Drift Trade ($640,854)Lavarage ($575,813)

Frequently asked questions

What chains does Fermi Trade V1 operate on?

Fermi Trade V1 operates on Solana.

How does Fermi Trade V1's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Fermi Trade V1 ranks #403 by TVL. The category holds $1.972b across 426 protocols, and Fermi Trade V1 accounts for 0% of that total. Similar protocols include Jupiter Perpetual Exchange, GMX Solana, Phoenix Perp, BULK, TurboFlow Perps, Bumpin Trade, Cardboard Trade, Parcl V3, Drift Trade, and Lavarage.