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QFEX

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Key Metrics

Perp Volume 30d$9.117b
Perp Volume 30d by chain

Off Chain$9.117b

Perp Volume 7d$2.297b

Off Chain$2.297b

Perp Volume 24h$449.85m

Off Chain$449.85m

Cumulative Perp Volume$45.804b

Off Chain$45.804b

Open Interest$185.33m

Total Raised$9.5m

Mar 5, 2026$9.5mRound: SeedInvestors: Yuri Sagalov, Paul Graham, Y Combinator

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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 ($714.8m)GMX EVM ($208.68m)Hyperliquid HLP ($172.42m)Lighter Robinhood Perps ($115.02m)Extended Perps ($109.73m)Lighter LLP ($103.03m)dYdX V4 ($68.76m)Arcus Perps ($65.23m)AZverse Perps ($52.04m)Papertrade ($30.6m)

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 #410 by TVL. The category holds $1.964b across 426 protocols, and QFEX accounts for 0% of that total. Similar protocols include Jupiter Perpetual Exchange, GMX EVM, Hyperliquid HLP, Lighter Robinhood Perps, Extended Perps, Lighter LLP, dYdX V4, Arcus Perps, AZverse Perps, and Papertrade.

How much perpetual futures volume does QFEX process?

QFEX processed $9.117b in perpetual futures volume over the past 30 days.