Hyperliquid vs Rollx vs AsterDEX vs Avantis vs Paradex
This article compares five emerging perpetual DEXs—Hyperliquid vs RollX vs AsterDEX vs Avantis vs Paradex—highlighting how each takes a distinct approach to on-chain leveraged trading. Hyperliquid delivers a high-speed, fully on-chain orderbook experience; RollX focuses on Base-native BTC-Fi derivatives; AsterDEX offers multi-chain access and professional trading features; Avantis brings real-world-asset markets and institutional-grade risk models to Base; and Paradex leverages a Starknet appchain for efficient, low-fee trading. Together, they represent the leading architectures shaping the future of decentralized derivatives.
Hyperliquid vs Rollx vs AsterDEX vs Avantis vs Paradex: Overview
Hyperliquid
Hyperliquid is a high-performance Layer-1 chain built specifically for trading, featuring a fully on-chain orderbook and matching engine designed to deliver CEX-level speed with non-custodial security. Its architecture prioritizes deterministic execution, deep liquidity, and advanced perpetuals tooling, positioning it as the leading example of a vertically integrated perps-focused blockchain.
RollX
RollX is a Base-native derivatives platform that emphasizes BTC-Fi, offering Bitcoin-centric perpetuals and structured products with strong liquidity incentives. By integrating deeply with the Base ecosystem and optimizing for fast execution and tight spreads, RollX aims to become the primary derivatives venue for Bitcoin traders operating in decentralized environments.
AsterDEX
AsterDEX is a multi-chain perpetuals DEX focused on accessibility and professional-grade trading features, including cross-asset markets, portfolio analytics, and integrations such as supporting perps inside wallet applications. Its approach combines user-friendly design with institutional-style tools, creating a unified venue for both retail and advanced traders seeking frictionless on-chain execution.
Avantis
Avantis differentiates itself by extending perpetuals beyond crypto into real-world assets like FX, commodities, and indices. Built on Base, it targets institutional alignment with robust risk engines, efficient liquidity provisioning, and a product suite tailored toward diversified exposure. This makes Avantis one of the first decentralized platforms to bridge traditional and crypto derivatives at scale.
Paradex
Paradex is a Starknet appchain optimized for ultra-efficient, low-fee perpetual futures, combining high throughput with Ethereum security. Its design leverages validity proofs for fast settlement, enabling privacy-preserving, capital-efficient trading. Paradex’s goal is to deliver a CEX-like experience—tight execution, deep liquidity, and low friction—while remaining fully on-chain and composable.
Hyperliquid vs Rollx vs AsterDEX vs Avantis vs Paradex: Market Coverage and Instruments
Hyperliquid
Hyperliquid is primarily a perpetual futures venue, but its stack now includes spot, margin, and perps, giving traders a full suite of leveraged and delta-1 instruments on the same high-performance L1. Perps span a wide range of crypto assets, including majors, long-tail coins, and Hyperliquid-native “Hyperps” contracts that trade without a traditional index price, effectively enabling pre-launch and narrative markets while staying on-chain.
Also, you may read Hyperliquid vs AsterDex vs Drift
RollX
RollX is positioned as a Base-native BTC-Fi derivatives hub, with its core product being high-leverage perpetual futures on BTC and “top assets.” The platform emphasizes BTC-first markets and BTC-native collateral, while still supporting multi-asset perps and on-chain liquidity against an RLP-style pool, making it attractive for traders who want deep, Bitcoin-centric derivative exposure in a single venue.
AsterDEX
AsterDEX offers one of the broader product menus in this set: spot markets, perpetuals, and futures, all wrapped in Simple (one-click) and Pro (orderbook-style) modes. Its perp coverage focuses on major crypto pairs with pooled liquidity and high leverage, while the multi-chain design and wallet integrations (like trading via external interfaces) effectively turn Aster into a general-purpose venue for both basic token exposure and leveraged directional plays.
Avantis
Avantis stands out by treating “perps” as a cross-asset layer, not just a crypto product: in addition to cryptocurrencies, traders can access leveraged exposure to FX pairs, commodities (e.g., gold, oil), equity indices, and even single equities, all via perpetual futures on Base. This RWA-heavy market list, combined with up to 500x leverage, makes Avantis functionally closer to a DeFi-native CFD and macro trading venue than a pure crypto perps DEX.
Also, you may read Hyperliquid vs AsterDEX vs Lighter vs edgeX vs Apex
Paradex
Paradex focuses on crypto perpetual futures, currently listing 100+ perp markets with “better-than-CEX” liquidity and zero trading fees for retail takers and makers. While its flagship is still standard linear perps on major and mid-cap coins, the roadmap and ecosystem messaging also highlight perp options and more exotic derivatives as the product surface expands, using the Starknet appchain to keep them capital-efficient and composable.
Hyperliquid vs Rollx vs AsterDEX vs Avantis vs Paradex: Security Model
| Platform | Security Source | Custody | MEV / Settlement Risks |
|---|---|---|---|
| Hyperliquid | Custom L1 validators | Non-custodial | Deterministic on-chain execution |
| RollX | Base L2 → Ethereum | Non-custodial | Depends on Base sequencer |
| AsterDEX | Depends on chain used | Non-custodial | Multi-chain → larger surface |
| Avantis | Base L2 → Ethereum | Non-custodial | Oracle-driven RWA pricing critical |
| Paradex | Starknet ZK proofs → Ethereum | Non-custodial | ZK validity → minimal MEV risk |
Also, you may read Hyperliquid vs Orderly vs Avantis vs Reya vs Based
Hyperliquid vs Rollx vs AsterDEX vs Avantis vs Paradex: Tokenomics & Incentives
| Platform | Token | Incentives | Notes |
|---|---|---|---|
| Hyperliquid | HYPE | Staking → validator delegation, market creation weight | Strong in-protocol utility |
| RollX | Not launched yet | BTC-Fi airdrops, LP/MM rewards | BTC-focused incentives |
| AsterDEX | ASTER | Points → airdrop, fee discounts, ecosystem rewards | Broad ecosystem utility |
| Avantis | Token pending | Points → eventual airdrop, value-share programs | Likely to mirror RWA exposure value |
| Paradex | No token yet | Points → ecosystem rewards | ZK chain; token likely later |
Hyperliquid vs Rollx vs AsterDEX vs Avantis vs Paradex: Fees
| Platform | Maker fee | Taker fee | Notes / special terms |
|---|---|---|---|
| Hyperliquid | Perps base maker: 0.015% (Base rate) for first tier. | Perps base taker: 0.045% for base tier. | Spot fees are higher (e.g., 0.040% maker / 0.070% taker at base spot tier) and volume count computation treats spot as 2×. |
| AsterDEX | Maker: 0.005% (perps) | Taker: 0.04% (perps) | VIP tiers reduce fees (e.g., spot tier for ≥$1B volume: taker 2.3 bps, maker 0 bps) for spot. |
| Avantis | Opening (fixed fee) example: 0.045% of position size. | Closing (fixed fee) example: 0.045% of adjusted position size. | For ZFP mode: zero fee if trade loses; fee (profit-sharing) if trade wins. |
| Paradex | Retail: 0% (free) for many perpetuals. | Retail: 0% (free) for many perpetuals; Pro profile: maker ~0.002%, taker ~0.02%. | Maker rebate in some cases (negative fee). Example: maker –0.01% for Pro, meaning you get paid to provide liquidity. |
| RollX | Not clearly specified in publicly found docs | Not clearly specified in publicly found docs | “Ultra-competitive pricing. Zero gas and low fees” – you may need to check their detailed docs or ask support. |
Also, you may read 7 Best Hyperliquid Alternatives
Hyperliquid vs Rollx vs AsterDEX vs Avantis vs Paradex: Best For
| Platform | Best For |
|---|---|
| Hyperliquid | Traders wanting CEX-level speed + exotic on-chain markets |
| RollX | BTC-first users & liquidity providers |
| AsterDEX | Multi-chain traders & wallet-native users |
| Avantis | Macro traders wanting FX/commodities/equities in DeFi |
| Paradex | Zero-fee high-frequency traders on an Ethereum-secured ZK system |
Also, you may read Hyperliquid vs Paradex vs Aden vs Pacifica vs Extended
Conclusion
Hyperliquid, RollX, AsterDEX, Avantis, and Paradex each take a unique approach to decentralized derivatives, offering different strengths for different types of traders. Hyperliquid leads in speed and on-chain innovation, RollX caters to BTC-Fi users, AsterDEX focuses on multi-chain accessibility, Avantis brings macro and RWA markets into DeFi, and Paradex delivers ultra-low-fee trading on a Starknet appchain.
Rather than a single winner, each platform excels in its niche—collectively pushing the perps DEX ecosystem toward faster, more diverse, and more user-centric trading.
Frequently Asked Questions
Which platform is best for active day traders?
Hyperliquid and Paradex lead this category. Hyperliquid offers CEX-like execution on its custom L1, while Paradex provides zero-fee trading ideal for high-frequency strategies.
Which platform is best for Bitcoin-focused trading?
RollX specializes in BTC-Fi markets and incentives, making it the top choice for BTC-native users seeking perps and structured products.
Which DEX is most beginner-friendly?
AsterDEX is the easiest to use, offering multi-chain access, simple/advanced modes, and smooth wallet integrations.