DEXTools, the popular analytics platform for decentralized exchanges, has secured $3 million in funding to launch PerpTools, an on-chain perpetual futures trading platform. The new product extends DEXTools' suite beyond analytics into active trading infrastructure for DeFi users.
The funding round was led by DEXForce and Orderly Network, both established players in the decentralized finance ecosystem. While specific valuation details weren't disclosed, the capital will support PerpTools' development and market expansion as it competes in the growing on-chain derivatives space.
PerpTools enters a competitive market that includes established platforms like dYdX, GMX, and Synthetix, which collectively handle billions in trading volume. The perpetual futures market has seen explosive growth as traders seek leverage and hedging tools without centralized exchange custody risks. DEXTools' existing user base of DeFi analytics users provides a natural customer acquisition channel.
This launch signals continued institutional confidence in on-chain derivatives despite regulatory uncertainty around crypto trading products. The sector's growth reflects broader DeFi maturation, with users increasingly demanding sophisticated trading tools that rival traditional finance offerings. Success will depend on PerpTools' ability to differentiate through user experience and capital efficiency.
DEXTools has built significant brand recognition in the DeFi analytics space, making this expansion into trading infrastructure a logical next step for monetizing their user base and market expertise.