HMX
HMX is a perpetual futures DEX (now rebranded to DESK) trading crypto, forex, commodities, and tokenized equities on Arbitrum and Base.
What is HMX?
HMX, which rebranded to DESK in 2025 and migrated to Base from its Arbitrum origins, is a perpetual futures DEX where traders open leveraged longs and shorts on crypto, forex, equities like AAPL and TSLA, and commodities through a central limit order book. Maker rebates run around -1 bp and taker fees around 2 bps, with up to 1,000x leverage on select pairs. Cumulative trading volume has crossed $50B across the HMX and DESK eras, with audits by Cantina.
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HMX alternatives
Explore web3 competitors and apps like HMX.
Lighter
GMX
Rho
ParticleApp store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.
