Crypto DEX and Derivatives Platforms in AI answers

Data as of Oct 21, 2026Based on 119 AI responsesReviewed by Dimitry Apollonsky

AI summary

GMX and Hyperliquid share the lead for crypto derivatives, with recommendations highlighting pool execution and high-leverage perpetual contracts. For hedging DeFi portfolios against downturns, GMX serves as the usual answer.

Most-mentioned brands

Rank and Mentioned in · since Jul 6

#	Brand	Recommended for	Mentioned in
1	GMX 60% hedging DeFi positions using pool-based execution on Arbitrum and Avalanche	hedging DeFi positions using pool-based execution on Arbitrum and Avalanche	60%
1	Hyperliquid 59% on-chain order-book perpetuals offering high leverage and low latency	on-chain order-book perpetuals offering high leverage and low latency	59%
3	dYdX 45% order-book perpetual futures with deep liquidity on an app-specific chain	order-book perpetual futures with deep liquidity on an app-specific chain	45%
4	USD Coin 13% collateral for margin positions across decentralized derivatives exchanges	collateral for margin positions across decentralized derivatives exchanges	13%
4	CoW SwapCoW Protocol product line 13% batch auction trading designed to protect against MEV slippage	batch auction trading designed to protect against MEV slippage	13%
4	Drift Protocol 11% high-speed leveraged shorting and perpetual trading native to Solana	high-speed leveraged shorting and perpetual trading native to Solana	11%
4	1inch 10%		10%
4	Binance 10%		10%
4	Tether 10% stablecoin margin collateral across decentralized perpetual contracts	stablecoin margin collateral across decentralized perpetual contracts	10%
4	Jupiter 10% Solana-based perpetual swaps alongside decentralized exchange aggregation	Solana-based perpetual swaps alongside decentralized exchange aggregation	10%
4	Flashbots ProtectFlashbots product line 10%		10%
4	Solana 9% underlying network settlement for high-speed decentralized derivative protocols	underlying network settlement for high-speed decentralized derivative protocols	9%
4	Kraken 8%		8%
4	Hyper Foundation 8%		8%
4	1inch Fusion1inch product line 8%		8%
4	Ether (ETH)Ethereum product line 8%		8%
17	Gains Network 7%		7%
17	Bybit 7%		7%
17	MEV Blocker 7%		7%
17	Kraken ProKraken product line 6%		6%
17	Bitcoin 6%		6%
17	Coinbase 6%		6%
17	OKX 6%		6%
17	Uniswap 6%		6%
17	CoW Protocol 5%		5%
17	Interactive Brokers 5%		5%
17	AAVE 5%		5%
17	MetaMask 5%		5%
17	PAX GoldPaxos product line 5%		5%
17	Circle 4%		4%
17	Bitfinex 4%		4%
17	Perpetual Protocol 4%		4%
17	UniswapXUniswap product line 4%		4%
17	Synthetix 4%		4%
17	Perth Mint Gold TokenPerth Mint product line 4%		4%
17	Rabby Wallet 4%		4%
17	Jupiter PerpsJupiter product line 3%		3%
17	Coinbase Advanced TradeCoinbase product line 3%		3%
39	Injective 3%		3%
39	Hashflow 3%		3%
39	Aster 3%		3%
39	KuCoin 3%		3%
39	Ethereum 2%		2%
39	Drift 2%		2%
39	Gemini 2%		2%
39	Pika Protocol 2%		2%
39	Neptune Finance 2%		2%
39	Ethena 2%		2%
39	USDeEthena product line 2%		2%
39	Lighter 2%		2%
39	Binance.US 2%		2%
39	Nolus 2%		2%
39	Sushi 2%		2%
39	Flashbots 2%		2%
39	Matcha 1%		1%
39	Vanguard Investments Canada 1%		1%
39	Helix 1%		1%
39	CME Group 1%		1%
39	Alpaca 1%		1%
39	sFOX 1%		1%
39	Bebop 1%		1%
39	Odos 1%		1%
39	sDAI (Savings Dai)1%		1%
39	1inch Rabbithole1inch product line 1%		1%
39	Crypto.com 1%		1%
39	Robinhood 1%		1%
39	Coinbase PrimeCoinbase product line 1%		1%
39	Sniper 1%		1%
39	Blockaid 1%		1%
39	RENEGADE 1%		1%
39	Lyra Finance 1%		1%
39	Vertex Protocol 1%		1%
39	Trader WorkstationInteractive Brokers product line 1%		1%
39	Smart TransactionsMetaMask product line 1%		1%
39	Maestor 1%		1%
39	Divergence Protocol 1%		1%
39	bloXroute 1%		1%
39	Pendle 1%		1%
39	IBKR BestXInteractive Brokers product line 1%		1%
39	Vertx 1%		1%
39	Fidelity Investments 1%		1%
39	J.P. MorganOwned by JPMorgan Chase 1%		1%
39	Uniswap WalletUniswap product line 1%		1%
39	XRP LedgerRipple product line 1%		1%
39	Bananagun 1%		1%
39	Kraken OTCKraken product line 1%		1%
39	ProShares Short Bitcoin ETFProshares product line 1%		1%
39	Aevo 1%		1%
39	Morpho 1%		1%
39	Charles Schwab 1%		1%
39	GammaSwap 1%		1%
39	CowSwap TWAPCoW Protocol product line 1%		1%
39	Orbs 1%		1%
39	Chainlink 1%		1%
39	JTOJito Network product line 1%		1%
39	Celestia 1%		1%
39	ProShares Short Bitcoin ETF · proshares.com 1%		1%
39	RenVM 1%		1%

Who leads each AI engine

ChatGPT SearchChatGPT Search: =1Hyperliquid GMX
Google AI ModeGoogle AI Mode: =1GMX Hyperliquid

Mentioned in on each engineChatGPT SearchGoogle AI Mode

Widest split: Flashbots Protect, 5% on ChatGPT Search and 15% on Google AI Mode.

Mentioned in on each AI engine, by brand
Brand	ChatGPT Search	Google AI Mode
Hyperliquid	60%	58%
GMX	55%	64%
dYdX	45%	46%
CoW Swap	12%	14%
Drift Protocol	Outside ChatGPT Search's top 25	20%
Kraken	12%	Outside Google AI Mode's top 25
Jupiter	Outside ChatGPT Search's top 25	19%
1inch	10%	10%
Tether	Outside ChatGPT Search's top 25	17%
USD Coin	10%	17%

Latest insights

Week of Sep 21–27

GMX Gaining: GMXNew leader in Crypto DEX and Derivatives Platforms: GMX, ahead of Hyperliquid
Hyperliquid Slipping: AI answers in Crypto DEX and Derivatives Platforms name Hyperliquid less often: mention rate declined from 90% to 83.3%
Hyperliquid Slipping: Hyperliquid fell behind GMX in Crypto DEX and Derivatives Platforms
dYdX Gaining: dYdX's mention rate increased to 66.7% in Crypto DEX and Derivatives Platforms, from 60% the week before
Drift Protocol Slipping: Drift Protocol now ranks #8 in Crypto DEX and Derivatives Platforms, down from #5

and 4 more insightssee the ranking

Market map

Mentioned in · since Jul 6

Leading brands by topic

Crypto shorting toolsTied:GMXHyperliquid

Questions by topic2

Crypto shorting tools
- What tools allow me to short crypto assets by borrowing and selling them to profit from price drops?
- I want to bet against the market. Which platforms let me borrow and sell crypto assets to profit when prices go down?
- What are the best ways to short cryptocurrencies by borrowing and selling them to capitalize on a price decline?
- I want to hedge against my DeFi positions going to zero. What is the best token for a protocol that lets me short other cryptocurrencies?
- I want to short a specific cryptocurrency with on-chain leverage. What's the best token to use in a decentralized perpetuals market?
Slippage and MEV protection
- Which trading platforms offer features to minimize price impact and protect my transactions from front-running?
- I'm looking for trading platforms that offer slippage protection and safeguards against front-running. Do you have any recommendations?
- I'm looking for trading platforms that help me avoid slippage and keep my trades safe from MEV bots. What are my best options?

Sources AI cites100

28% of citations point at the ranked brands’ own sites. youtube.com, spark.money, reddit.com are the most-cited sites outside the ranked brands’ own domains.