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Home Crypto DeFi Interest Rates derivative coins

Compare All Derivative Cryptocurrencies
May 2022

Derivative tokens are decentralized crypto derivatives exchange platform's native governance tokens. Crypto derivatives provide a wide variety of trading products for traders.
Symbol Coin Name Price 7 Day Chart Best Savings Rate
FTX Token logo FTT
FTX Token
$29.37
-5.9% arrow down 24 Hr
Buy
Go
4%
APR
Synthetix logo SNX
Synthetix
$2.54
-10.2% arrow down 24 Hr
Buy
Go
19.2%
APY
Serum logo SRM
Serum
$1.10
-9.3% arrow down 24 Hr
Buy
Go
3%
APR
UMA logo UMA
UMA
$3.42
-5.6% arrow down 24 Hr
Buy
Persistence logo XPRT
Persistence
$1.44
-17.8% arrow down 24 Hr
Details
dYdX logo DYDX
dYdX
$1.97
-10.6% arrow down 24 Hr
Buy
Go
0.5%
APY
Injective logo INJ
Injective
$2.21
-5.1% arrow down 24 Hr
Buy
Perpetual Protocol logo PERP
Perpetual Protocol
$1.39
15.1% arrow up 24 Hr
Buy
Go
1%
APY
MNGO
Mango
$0.06
-5.9% arrow down 24 Hr
Buy
MIR
Mirror Protocol
$0.41
65.9% arrow up 24 Hr
Buy
Go
1%
APY
DDX
DerivaDAO
7.4% arrow up 24 Hr
Buy
VEGA
Vega Protocol
$1.74
-5.1% arrow down 24 Hr
Details
RBN
Ribbon Finance
-14.1% arrow down 24 Hr
Buy
FLX
Reflexer Ungovernance Token
$54.12
-6.3% arrow down 24 Hr
Details
SWTH
Carbon
$0.01
-3.6% arrow down 24 Hr
Details
MATTER
AntiMatter Governance Token
$0.23
-2.9% arrow down 24 Hr
Details
OOE
OpenOcean
$0.04
-3.4% arrow down 24 Hr
Details
MCB
MCDEX Token
$3.12
-3.3% arrow down 24 Hr
Details
GOVI
Govi
$0.41
-5.2% arrow down 24 Hr
Details
HEGIC
Hegic
$0.02
-7.9% arrow down 24 Hr
Buy
DERI
Deri Protocol
$0.03
-0.7% arrow down 24 Hr
Details
BNC
Bifrost (BNC)
$0.34
-2.2% arrow down 24 Hr
Buy
ODDZ
Oddz
$0.05
-4.5% arrow down 24 Hr
Details
HGET
Hedget
$0.92
1.5% arrow up 24 Hr
Details
HZN
Horizon Protocol
$0.04
-6.7% arrow down 24 Hr
Details
OPIUM
Opium
$0.29
-4.8% arrow down 24 Hr
Details
PTF
PowerTrade Fuel
$0.05
-6.3% arrow down 24 Hr
Details
WHITE
Whiteheart
$127.50
-5.8% arrow down 24 Hr
Details
JRT
Jarvis Network
$0.02
-11.8% arrow down 24 Hr
Details
AUC
Auctus
$0.01
-5.9% arrow down 24 Hr
Details
DOWS
Shadows
$0.01
-6.3% arrow down 24 Hr
Details
SAKE
SakeToken
$0.00
0.4% arrow up 24 Hr
Details
SYN
SynLev
0% 24 Hr
Details
DGTX
Digitex
$0.00
9% arrow up 24 Hr
Details
FNX
FinNexus
$0.00
-7.4% arrow down 24 Hr
Details
ETH2X-FLI
ETH 2x Flexible Leverage Index
0% 24 Hr
Details
DPX
Dopex
$382.35
-11.9% arrow down 24 Hr
Details
PREMIA
Premia
$0.72
-6.4% arrow down 24 Hr
Details
GDT
Globe Derivative Exchange
$0.21
0.6% arrow up 24 Hr
Buy
SI
Siren
$0.09
-15.4% arrow down 24 Hr
Details
LIEN
Lien
$0.44
1.1% arrow up 24 Hr
Details
DFT
dFuture
$0.00
-1.2% arrow down 24 Hr
Details
DEUS
DEUS Finance
-9.8% arrow down 24 Hr
Details
GFARM2
Gains Farm
$750.31
-9.5% arrow down 24 Hr
Details
DEA
DEUS Finance DEA
0.3% arrow up 24 Hr
Details
STF
Structure finance
$0.01
-4.9% arrow down 24 Hr
Details
OIL
Oiler Network
$0.25
0.2% arrow up 24 Hr
Details
RISQ
RISQ Protocol
$0.00
-0% arrow down 24 Hr
Details

What are derivative tokens?

Derivative tokens are tokens of decentralized exchange platforms that allow users to use more sophisticated tools such as futures, options, and perpetual contracts. Crypto derivatives are contracts or instruments that derive their value from the underlying cryptocurrency. Crypto derivatives allow traders and users to trade with bigger leverages.

The derivatives market is riskier than the spot market. When you buy a cryptocurrency on a spot market, you will make a profit when the price goes up, and you will have a loss when the price goes down. Derivatives enable traders to make a profit even when the price of underlying crypto goes down.

Decentralized exchange platforms have their native governance tokens. Most DEXes are built as a DAO, and native token holders can participate in the platform's governance by voting on important decisions. Holding governance tokens gives some benefits, such as paying fewer fees on transactions and receiving a share of the platform's revenue. Derivative exchange platforms have native tokens, and they are labelled as "derivative tokens".

Crypto futures

Crypto futures are very similar to standard future contracts used for stocks or commodities. Technically saying, crypto futures are betting on the future price of a cryptocurrency without actually owning it. When you want to trade crypto futures, you don't need to buy the cryptocurrency you want to trade. If you believe in a rise or fall in the future price, you can simply make a bet. It is more like betting. Bitcoin futures are the most traded crypto futures.

Crypto options

Crypto options are very similar to commodity and stock options too. Simply put, options are buying or selling contracts with a future date and price. When you have a buy option, you will be able to buy the underlying crypto with the price set before on a future date. When you have a sell option, it is also the same logic but in another direction. Crypto options allow users to buy or sell the specific crypto on a predetermined date without being affected by price changes.

Perpetual contracts

Perpetual contracts are similar to crypto options, but they don't have a predetermined date or expiry date. You can hold a perpetual contract as long as you are able to provide enough collateral. Active traders use perpetual contracts to hold leveraged positions. Leveraged positions offer better returns when the trader makes a winning bet, but it also contains a more significant risk of losing more capital when the trader makes a losing bet.

Most popular derivative tokens

Since the Ethereum blockchain started hosting decentralized apps in 2016, many DeFi (Decentralized finance) applications have been created. DeFi apps and protocols have been developed and improved a lot. There are very complex decentralized trading apps built on blockchain that provides traders with a variety of different products. The most popular derivative exchange platform is FTX.

FTX derivative exchange platform was founded by MIT graduates in 2018. FTT is the native token of the platform. FTX platform is completely decentralized. FTT tokens are ERC-20 tokens built on the Ethereum blockchain. FTX platform has a trading volume of more than 100 Million USD in a day.

The serum is the second biggest decentralized crypto derivatives exchange platform. The serum exchange platform is built on the Solana blockchain and its native token SRM. SRM is a natively built Sol token, but you can also find wrapped SRM tokens in ERC-20 standards. Serum platform is a leading derivative exchange with an exceeding 100 Million USD barrier.

DYDX and Synthetix are other leading crypto derivative platforms with a daily volume exceeding 100 million USD. DYDX is the native token for the DYDX platform, and SNX is for Synthetix. Synthetix stands out with the wide selection of products it offers. The best thing about Synthetix is tradable non-crypto assets. S&P and Nasdaq stocks can be traded with cryptocurrency on the Synthetix platform.

Derivative Coin Comparisons

Article by Yunis
30 June 2021 (Updated 24 May 2022)
Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

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