Perp DEX volume share, live 24h notional ranked
TradingGRVT
Leads$473.67M
- p99
- $523.00M
- rank
- #8
- samples
- 2,880
Paradex
Trails$7.73M
- p99
- $11.31M
- rank
- #22
- samples
- 2,880
24h perp volume
GRVTn/aParadexn/a
GRVT vs Paradex
GRVT leads on 3 of 4 shared benchmarks, Paradex on 1. GRVT wins on Perp DEX volume share, live 24h notional ranked ($473.67M vs $7.73M), Most tradable markets on a perp DEX, live count per venue (194 vs 66), Perp DEX capital efficiency (6 vs 2). Paradex wins on Perp DEX volume to open interest (0.576x vs 1.043x). Data as of 2026-10-11 UTC.
GRVT
zkSync hybrid CEX/DEX perp venue with privacy-preserving order matching.
Paradex
Paradex is a perps-focused L2 exchange built on Starknet tech, with USD-settled perpetuals and funding accrued continuously over an 8 hour period.
Side by side measurements
Most tradable markets on a perp DEX, live count per venue
TradingGRVT
Leads194
- p99
- 194
- rank
- #6
- samples
- 2,880
Paradex
Trails66
- p99
- 66
- rank
- #17
- samples
- 2,880
Active markets
GRVTn/aParadexn/a
Perp DEX capital efficiency: active markets per $M TVL, live
TradingGRVT
Leads6
- p99
- 6
- rank
- #4
- samples
- 2,880
Paradex
Trails2
- p99
- 2
- rank
- #8
- samples
- 2,880
Markets per $M TVL
GRVTn/aParadexn/a
TVL from DefiLlama /protocol/{slug} currentChainTvls, excluding staking and pool2 categories. Market count from each venue's native API (same source as the perp-active-markets bench). The ratio reflects architectural choices, not absolute liquidity: a high ratio means the venue can list many markets cheaply, not that each market has deep liquidity. Compare with perp-volume-share for the liquidity angle.
Perp DEX volume to open interest: 24h turnover per dollar of OI, live
TradingGRVT
Trails1.043x
- p99
- 1.152x
- rank
- #14
- samples
- 2,880
Paradex
Leads0.576x
- p99
- 0.842x
- rank
- #8
- samples
- 2,880
Volume / OI (24h)
GRVTn/aParadexn/a
The ratio is a screen, not a verdict. Both terms are the venue's own figures (24h volume and open interest as each API reports them, in USD), so a venue that counts both legs of a fill moves its ratio without changing anything real. A very low ratio (Ostium, 0.2x) means positions held for days on thin daily volume; a very high one (Kalshi, above 40x) means a day of trading dwarfs what stays open. The bands in the methodology say what each range usually means.
Frequently asked questions
GRVT vs Paradex: which one is better?
GRVT and Paradex are compared on 4 shared OpenChainBench benchmarks. GRVT leads on Perp DEX volume share, live 24h notional ranked. Paradex leads on Perp DEX volume to open interest. See the live table on this page for every metric.
Which has the higher 24h perp volume, GRVT or Paradex?
On the Perp DEX volume share, live 24h notional ranked benchmark, GRVT leads at $473.67M versus Paradex at $7.73M. Live measurement is updated continuously by the OpenChainBench harness.
Which has the lower volume / oi (24h), GRVT or Paradex?
On the Perp DEX volume to open interest benchmark, Paradex leads at 0.576x versus GRVT at 1.043x. Live measurement is updated continuously by the OpenChainBench harness.
How is the GRVT vs Paradex comparison measured?
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
How this pair was selected
Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing; panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.