HMX
Decentralized derivativesDecentralized exchanges (DEXs)
HMX
HMX is a perpetual futures DEX (now rebranded to DESK) trading crypto, forex, commodities, and tokenized equities on Arbitrum and Base.
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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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