Top 5 Perp DEXes on Sui Network

Table of Contents

1. Bluefin2. Zof AI Perps3. Astros AG4. Aftermath Fi5. FlowX Finance PerpetualFrequently Asked Questions

Perpetual DEX trading volume hit a record $1.3 trillion globally in October 2025, a figure that nearly doubled from the previous month and cemented these platforms as a core driver in the current crypto cycle, where derivatives trading outpaces spot markets by a wide margin.

As volatility persists and institutional interest grows, perp DEXes have become essential tools for hedging and speculation. A perp DEX operates by letting users trade perpetual futures contracts, which track an asset’s price without expiring. Traders open long or short positions with leverage, often up to 50x or more, while funding rates—periodic payments between longs and shorts—keep the contract price aligned with the spot price. Liquidity providers supply capital to pools that facilitate these trades, earning fees in return.

On the SUI network, known for its parallel processing and sub-second finality, these DEXes handle high volumes efficiently, reducing slippage and gas costs compared to congested chains. This setup supports complex strategies, from simple bets on price direction to advanced yield farming tied to perps. With SUI’s perp volume reaching $113.5 million in a recent 24-hour period and overall DEX activity sustaining around $456 million daily for quarters on end, the ecosystem shows robust growth. Below, explore the top five perp DEXes on SUI, each bringing distinct mechanisms to enhance trading depth and user experience.

1. Bluefin

Bluefin is a leader in SUI’s perp landscape, handling over 90% of the network’s perpetual futures volume through its robust infrastructure. Built with a focus on institutional-grade performance, it offers deep liquidity—averaging $4 million within a 1% price deviation for major pairs—and spreads tighter than 1 basis point, which minimizes costs for high-frequency traders.

The platform integrates spot and perps trading seamlessly, allowing users to execute dollar-cost averaging orders via an intuitive slider interface that adjusts entry points over time. Recent upgrades include enhanced risk engines that adapt to market stress, ensuring stable orderbook displays even during network switches or tab backgrounding.

Beyond basic trading, Bluefin extends into lending and vaults, where users can supply assets to earn yields while curators manage strategies through multi-party computation wallets for added security. For instance, its partnership with Ember Protocol enables strategy vaults that generate new yield opportunities, such as stablecoin deposits yielding over 50% APY for holders of its eBLUE token.

A strategic lending agreement with SUI Group, a NASDAQ-listed entity, injects capital to accelerate on-chain structured products, bridging traditional finance with SUI’s composability. Traders benefit from transparent earnings tracking, with yield analytics now live on DeFiLlama, and features like position history charts that plot cumulative profit and loss. This combination makes Bluefin a comprehensive hub, where a single interface supports everything from speculative perps to passive income generation, all settled on-chain with SUI’s low latency.

2. Zof AI Perps

Zof AI Perps differentiates itself by embedding artificial intelligence directly into the trading process, delivering zero-slippage executions that rival centralized exchanges while remaining fully on-chain. The platform achieves instant fills without price impact through balanced liquidity provider pools, which dynamically adjust to protect capital and distribute risks evenly across participants. Users earn real yields from trading fees, creating a sustainable model where activity directly benefits liquidity suppliers.

What sets Zof apart is its AI-powered agents: these tools act as automated traders and advisors, analyzing market data in real-time to suggest positions or execute strategies based on user-defined parameters, such as risk tolerance or target returns. For example, an agent might monitor funding rates and automatically adjust leverage to optimize for positive carry trades.

Built natively on SUI, Zof leverages the network’s composability, allowing seamless integration with other protocols for layered strategies—like combining perps with lending for amplified yields. The CEX-grade performance comes from optimized smart contracts that minimize gas usage, ensuring trades process in under a second even during peak volatility. This approach not only appeals to retail traders seeking hassle-free entries but also to developers building composable apps, as Zof’s modules can be plugged into broader DeFi ecosystems. Overall, it provides a high-speed, protective environment where AI enhances decision-making without compromising decentralization.

3. Astros AG

Astros AG fuses perpetual trading with lending, creating a self-sustaining ecosystem that draws from over $1 billion in capital from NAVI Protocol, SUI’s leading lending platform. This integration forms a reinforcing loop: trading activity generates yields for lenders, who in turn provide deeper liquidity, leading to tighter spreads and better execution for traders.

Launched recently, Astros quickly surpassed $100 million in trading volume within its first week, showcasing strong initial adoption driven by its native SUI design. Users open positions on majors like BTC or ETH perps, with leverage supported by borrowed assets that flow directly into the DEX’s pools. The platform’s architecture ensures that increased volume boosts lender returns, encouraging more deposits and thus more robust markets— a cycle that has helped it scale rapidly.

Features include verifiable on-chain settlements, where every match is transparent and auditable, reducing counterparty risks common in off-chain models. Astros also emphasizes capital efficiency, allowing lenders to earn competitive APYs while traders access low-fee perps with minimal slippage.

By tying perps to lending, it addresses liquidity fragmentation on SUI, pooling resources for smoother operations. This model suits users who value interconnected DeFi primitives, as positions can be collateralized against borrowed funds, enabling strategies like leveraged yield farming without leaving the platform.

4. Aftermath Fi

Aftermath Fi pioneers fully on-chain orderbook trading for perps, eliminating off-chain matching to deliver unmatched transparency and verifiability. On SUI, where low latency and unique gas models enable this feat, Aftermath processes orders entirely on the blockchain, a first for perp DEXes that traditionally rely on hybrid systems. Traders place limit or market orders on an orderbook interface, with settlements happening in real-time and every step recorded immutably. This setup appeals to those wary of opacity in centralized venues, as users can audit matches and executions directly.

Recent partnerships, such as with Bolt Liquidity, introduce zero-slippage swaps for spot assets that feed into perps, enhancing entry and exit efficiency. The platform also includes staking and farming options, where liquidity providers earn from fees and incentives, with APRs often in triple digits for select pools.

For instance, users can farm tokens like IKA while providing liquidity for perps, combining speculation with passive rewards. Aftermath’s MEV infrastructure protects against front-running, ensuring fair pricing. Its road to mainnet has focused on security, with audits emphasizing robust risk management for leveraged positions. This makes it ideal for advanced traders who prioritize control and auditability, all while benefiting from SUI’s speed for high-throughput trading.

5. FlowX Finance Perpetual

FlowX Finance serves as the aggregator layer for SUI’s perp ecosystem, connecting users to liquidity across multiple markets for optimized executions. Rather than building isolated pools, it routes trades through major perp providers, aggregating depth to offer low spreads and fast fills in a single interface.

This one-stop access simplifies navigation, especially for newcomers, by scanning protocols like those above and selecting the best path based on price, slippage, and fees. FlowX’s perpetual module supports up to 3x leverage on isolated margin, with recent additions like pre-token trading for assets such as AERO before official launches.

Built on Hyperliquid-inspired mechanics, it emphasizes capital efficiency, allowing shorts or longs on a wide range of pairs with minimal collateral requirements. Users toggle between classic swaps and perps seamlessly, and integrations like the SDK enable other DEXes to embed its aggregator for better rates.

For example, its partnership with SuiRewards.Me lets users access FlowX-powered trades within that interface. The platform also verifies new tokens quickly, ensuring safe entry into emerging markets. This aggregator approach reduces fragmentation on SUI, where diverse perps can lead to scattered liquidity, making FlowX a practical choice for traders seeking convenience without sacrificing performance.

These platforms collectively demonstrate SUI’s strengths in handling sophisticated derivatives, with total perp volume on the network reflecting steady expansion amid broader market trends. Whether through AI enhancements, lending integrations, or aggregation, they provide tools for diverse strategies, supported by the chain’s technical edge.

Sources:

• SUI Network Official X Post: https://x.com/suinetwork/status/1991279575175950368?s=46
• SUI Group and Bluefin Partnership Announcement: https://www.businesswire.com/news/home/20251110192976/en/SUI-Group-Partners-with-Bluefin-to-Accelerate-Institutional-Adoption-of-Perpetual-Futures-and-On-Chain-Structured-Products
• SUI Network Boost from Astros Perp DEX and Stablecoin Launch: https://coingape.com/sui-network-gets-major-boost-from-100m-astro-perp-dex-success-and-stablecoin-launch/
• Decentralized Exchanges on SUI via CoinGecko: https://www.coingecko.com/en/exchanges/decentralized/sui
• Astros Perpetual DEX Launch on SUI Amid Derivatives Market Race: https://markets.businessinsider.com/news/currencies/astros-launches-perpetual-dex-on-sui-as-chains-race-to-capture-trillion-dollar-derivatives-market-1035428910

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