Perp DEX volume share, live 24h notional ranked
TradingPolymarket
Trails$61.28M
- p99
- $66.51M
- rank
- #17
- samples
- 2,877
trade.xyz
Leads$3.84B
- p99
- $4.04B
- rank
- #2
- samples
- 2,877
24h perp volume
Polymarketn/atrade.xyzn/a
Polymarket vs trade.xyz
Polymarket leads on 1 of 3 shared benchmarks, trade.xyz on 2. Polymarket wins on Perp DEX volume to open interest (0.608x vs 0.990x). trade.xyz wins on Perp DEX volume share, live 24h notional ranked ($3.84B vs $61.28M), Most tradable markets on a perp DEX, live count per venue (115 vs 89). Data as of 2026-10-23 UTC.
Polymarket
The largest crypto prediction market, settled on Polygon via UMA optimistic oracle. CLOB-style order book hosted on the Polymarket gateway with sub-second publish latency for live odds.
trade.xyz
trade.xyz operates the largest HIP-3 builder-deployed dex on Hyperliquid: 70+ tokenized US equity, index, and commodity perp markets under the xyz namespace, collecting a deployer fee on every fill.
Side by side measurements
Most tradable markets on a perp DEX, live count per venue
TradingPolymarket
Trails89
- p99
- 89
- rank
- #11
- samples
- 2,877
trade.xyz
Leads115
- p99
- 116
- rank
- #10
- samples
- 2,877
Active markets
Polymarketn/atrade.xyzn/a
Perp DEX volume to open interest: 24h turnover per dollar of OI, live
TradingPolymarket
Leads0.608x
- p99
- 0.660x
- rank
- #5
- samples
- 2,877
trade.xyz
Trails0.990x
- p99
- 1.042x
- rank
- #7
- samples
- 2,877
Volume / OI (24h)
Polymarketn/atrade.xyzn/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
Polymarket vs trade.xyz: which one is better?
Polymarket and trade.xyz are compared on 3 shared OpenChainBench benchmarks. Polymarket leads on Perp DEX volume to open interest. trade.xyz leads on Perp DEX volume share, live 24h notional ranked. See the live table on this page for every metric.
Which has the lower volume / oi (24h), Polymarket or trade.xyz?
On the Perp DEX volume to open interest benchmark, Polymarket leads at 0.608x versus trade.xyz at 0.990x. Live measurement is updated continuously by the OpenChainBench harness.
Which has the higher 24h perp volume, Polymarket or trade.xyz?
On the Perp DEX volume share, live 24h notional ranked benchmark, trade.xyz leads at $3.84B versus Polymarket at $61.28M. Live measurement is updated continuously by the OpenChainBench harness.
How is the Polymarket vs trade.xyz 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.
Related comparisons
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.