DerivaDEX is a noncustodial decentralized derivatives exchange focused on high-performance perpetual swaps, combining off-chain order matching with Ethereum smart contract custody. DerivaDEX's Twitter Score is 68 out of 1000 (a Good rating) as of August 2026, ranking #12,238 (top 5%) among 483,944 tracked accounts.
DerivaDEX operates as a protocol where deposits and withdrawals are secured by Ethereum smart contracts while a custom off-chain network handles order matching and trade execution. The exchange is owned and governed by DerivaDAO, with protocol updates and changes determined by holders of the native DDX token through decentralized governance. DDX also enables fee reductions and staking participation, with a maximum supply of 100 million tokens per CoinGecko. The mainnet version is currently in a limited-access pilot on Ethereum, with a Sepolia testnet also available.
DerivaDEX describes itself as a community-governed exchange that combines exchange performance with user autonomy. Its core components include the exchange itself, a governance application, the DDX token, and Insurance Mining. The protocol is licensed by the Bermuda Monetary Authority and is categorized as a derivatives protocol by DefiLlama, which tracks its total value locked on Ethereum.
DerivaDEX is backed by Polychain Capital, Dragonfly Capital, CMS Holdings, Electric Capital, and Coinbase Ventures. The account has been mentioned by 68 accounts, with 213 total mentions. DerivaDEX has published 1,554 posts and has 8,359 followers as of August 2026.
Who follows DerivaDEX on X?
The accounts that follow DerivaDEX include 192 founders, 82 angel investors, 95 influencers and 9 VCs. Among them are Toly, Haseeb Qureshi, Andrew Kang, smolting wassie, verse, CL and Robert Leshner.