DeriW, a next-generation decentralized perpetual contract exchange (Perp DEX) incubated by CoinW, has rapidly gained traction with core advantages such as "zero fees" and extremely low trading costs (0.01%). It is regarded as a key competitor in the derivatives space following Hyperliquid.

Core Mechanism
DeriW employs an innovative PendulumAMM liquidity pool model, enabling "instant execution" for trades, improving capital efficiency, and offering high annualized returns for liquidity providers.

Performance
Built on the Layer 3 network DeriW Chain, it supports up to 80,000 transactions per second, addressing issues like high latency and congestion common in traditional Perp DEXs.

Security & Transparency
All transactions are verifiable on-chain, and its non-custodial design ensures user asset security. The platform has completed a CertiK audit.

Achievements
Within less than a month of its mainnet launch, DeriW has attracted over 22,000 users and surpassed $100 million in trading volume.

Incentive Programs
The Supernova+ points program allows users to accumulate DER+ points through trading, which may be exchanged for token airdrops in the future.

With its ultra-low fees and high-performance architecture, DeriW is poised to become a strong contender in the Perp DEX arena as the trend of "everything on-chain" accelerates.

Summary
Author: Liaoliao

Decentralized derivative exchanges (Perp DEXs) have become one of the hottest sectors in the market.

On one hand, Perp DEXs have been steadily eroding the market share of centralized derivative exchanges (CEXs). Data from The Block shows that the ratio of contract trading volume on DEXs to CEXs has consistently grown over the past few years, reaching a historic peak of 8.8% in August.

On the other hand, Hyperliquid’s explosive success has raised the valuation ceiling for such projects. With more capital and talent flowing into the space, the entire Perp DEX sector is experiencing accelerated development. Following Hyperliquid, new derivatives platforms like Ethereal, EdgeX, and Lighter are emerging with innovative mechanisms and specialized products, poised to drive the next wave of growth. Among them, CoinW’s newly incubated DeriW has quickly stood out with its exceptional capital efficiency, positioning itself as a potential key player in the new round of Perp DEX competition.

DeriW: The First Zero-Fee Perp DEX
DeriW is positioned as a next-generation "zero-fee" Perp DEX, supporting hundreds of different trading assets and offering leverage of up to 100x to cater to users with varying risk appetites. Developed by the CoinW team, which has eight years of experience in the perpetual contracts space, DeriW combines a user experience comparable to centralized services with the transparency and reliability of decentralization. Its core advantages are evident in four key areas:

1. Ultra-Low Fee Structure: DeriW’s unique PendulumAMM mechanism enables zero-fee trading under specific conditions. The platform charges no gas fees, and its trading fee is just 0.01%, significantly lower than competitors like Hyperliquid (0.045%).

2. High Performance: DeriW operates on its Layer 3 network, DeriW Chain, which seamlessly integrates with Layer 2 infrastructure like Arbitrum while inheriting Ethereum’s security. This Rollup-based architecture supports up to 80,000 TPS, addressing common pain points like slow speeds and network congestion. It also offers API access for high-frequency traders.

3. Transparency: All trading processes are executed on-chain and can be verified through DeriW’s block explorer, eliminating the "black box" concerns associated with traditional Perp CEXs.

4. Security: Backed by CoinW, DeriW’s non-custodial design ensures users retain full control over their assets. The platform has undergone a CertiK audit and will conduct regular security checks to ensure long-term safety.

Data Performance: Emergence of a Dark Horse
DeriW offers an excellent experience for both liquidity providers and traders. The PendulumAMM model balances market demand with capital efficiency, maximizing returns for participants—liquidity providers have recorded annualized returns as high as 351.62%. Traders benefit from lower fees, faster execution, and higher leverage, enabling more efficient and flexible strategies.

Since its mainnet launch on August 4, DeriW has attracted 22,647 users and surpassed $100 million in trading volume in less than a month.

Early-Bird Opportunities: Profits and Airdrops
Shortly after its launch, DeriW initiated the Supernova+ points incentive program on August 6. Users can trade with zero fees while earning DER+ points, which may qualify them for future token airdrops.

For every 50 USDT traded, users receive 5 DER+ points, which will directly determine their airdrop share during DeriW’s Token Generation Event (TGE). Users can also earn referral rewards by inviting others, receiving 300% of their referees’ trading points.

The Supernova+ leaderboard allows users to track their points in real-time. Given DeriW’s early stage, the competition for points is still manageable, making it a relatively attractive opportunity for potential airdrop rewards.

However, trading perpetual contracts carries inherent risks. Users are advised to trade based on market conditions rather than solely chasing points. Over time, DeriW’s fee advantages can help users reduce costs and increase profits.

The Future of Perp DEXs and DeriW’s Prospects
Hyperliquid emerged as the winner in the first half of the Perp DEX race, popularizing on-chain contract trading and capturing pricing power from centralized giants for native crypto assets.

As tokenized stocks, compliant stablecoins, and other trends advance, the "everything on-chain" era is approaching. On-chain trading will expand beyond native crypto assets to include stocks, bonds, commodities, and other real-world assets. Decentralized trading systems, having overcome performance and security challenges, will disrupt traditional financial systems.

In this evolving landscape, DeriW’s "ultra-low fee" strategy could become a key differentiator. As the market grows, this advantage will only become more pronounced, potentially positioning DeriW as a disruptor in the next phase of Perp DEX competition.

DeriW, a next-generation decentralized perpetual contract exchange (Perp DEX) incubated by CoinW, has rapidly gained traction with core advantages such as "zero fees" and extremely low trading costs (0.01%). It is regarded as a key competitor in the derivatives space following Hyperliquid.

Core Mechanism
DeriW employs an innovative PendulumAMM liquidity pool model, enabling "instant execution" for trades, improving capital efficiency, and offering high annualized returns for liquidity providers.

Performance
Built on the Layer 3 network DeriW Chain, it supports up to 80,000 transactions per second, addressing issues like high latency and congestion common in traditional Perp DEXs.

Security & Transparency
All transactions are verifiable on-chain, and its non-custodial design ensures user asset security. The platform has completed a CertiK audit.

Achievements
Within less than a month of its mainnet launch, DeriW has attracted over 22,000 users and surpassed $100 million in trading volume.

Incentive Programs
The Supernova+ points program allows users to accumulate DER+ points through trading, which may be exchanged for token airdrops in the future.

With its ultra-low fees and high-performance architecture, DeriW is poised to become a strong contender in the Perp DEX arena as the trend of "everything on-chain" accelerates.

Summary
Author: Liaoliao

Decentralized derivative exchanges (Perp DEXs) have become one of the hottest sectors in the market.

On one hand, Perp DEXs have been steadily eroding the market share of centralized derivative exchanges (CEXs). Data from The Block shows that the ratio of contract trading volume on DEXs to CEXs has consistently grown over the past few years, reaching a historic peak of 8.8% in August.

On the other hand, Hyperliquid’s explosive success has raised the valuation ceiling for such projects. With more capital and talent flowing into the space, the entire Perp DEX sector is experiencing accelerated development. Following Hyperliquid, new derivatives platforms like Ethereal, EdgeX, and Lighter are emerging with innovative mechanisms and specialized products, poised to drive the next wave of growth. Among them, CoinW’s newly incubated DeriW has quickly stood out with its exceptional capital efficiency, positioning itself as a potential key player in the new round of Perp DEX competition.

DeriW: The First Zero-Fee Perp DEX
DeriW is positioned as a next-generation "zero-fee" Perp DEX, supporting hundreds of different trading assets and offering leverage of up to 100x to cater to users with varying risk appetites. Developed by the CoinW team, which has eight years of experience in the perpetual contracts space, DeriW combines a user experience comparable to centralized services with the transparency and reliability of decentralization. Its core advantages are evident in four key areas:

1. Ultra-Low Fee Structure: DeriW’s unique PendulumAMM mechanism enables zero-fee trading under specific conditions. The platform charges no gas fees, and its trading fee is just 0.01%, significantly lower than competitors like Hyperliquid (0.045%).

2. High Performance: DeriW operates on its Layer 3 network, DeriW Chain, which seamlessly integrates with Layer 2 infrastructure like Arbitrum while inheriting Ethereum’s security. This Rollup-based architecture supports up to 80,000 TPS, addressing common pain points like slow speeds and network congestion. It also offers API access for high-frequency traders.

3. Transparency: All trading processes are executed on-chain and can be verified through DeriW’s block explorer, eliminating the "black box" concerns associated with traditional Perp CEXs.

4. Security: Backed by CoinW, DeriW’s non-custodial design ensures users retain full control over their assets. The platform has undergone a CertiK audit and will conduct regular security checks to ensure long-term safety.

Data Performance: Emergence of a Dark Horse
DeriW offers an excellent experience for both liquidity providers and traders. The PendulumAMM model balances market demand with capital efficiency, maximizing returns for participants—liquidity providers have recorded annualized returns as high as 351.62%. Traders benefit from lower fees, faster execution, and higher leverage, enabling more efficient and flexible strategies.

Since its mainnet launch on August 4, DeriW has attracted 22,647 users and surpassed $100 million in trading volume in less than a month.

Early-Bird Opportunities: Profits and Airdrops
Shortly after its launch, DeriW initiated the Supernova+ points incentive program on August 6. Users can trade with zero fees while earning DER+ points, which may qualify them for future token airdrops.

For every 50 USDT traded, users receive 5 DER+ points, which will directly determine their airdrop share during DeriW’s Token Generation Event (TGE). Users can also earn referral rewards by inviting others, receiving 300% of their referees’ trading points.

The Supernova+ leaderboard allows users to track their points in real-time. Given DeriW’s early stage, the competition for points is still manageable, making it a relatively attractive opportunity for potential airdrop rewards.

However, trading perpetual contracts carries inherent risks. Users are advised to trade based on market conditions rather than solely chasing points. Over time, DeriW’s fee advantages can help users reduce costs and increase profits.

The Future of Perp DEXs and DeriW’s Prospects
Hyperliquid emerged as the winner in the first half of the Perp DEX race, popularizing on-chain contract trading and capturing pricing power from centralized giants for native crypto assets.

As tokenized stocks, compliant stablecoins, and other trends advance, the "everything on-chain" era is approaching. On-chain trading will expand beyond native crypto assets to include stocks, bonds, commodities, and other real-world assets. Decentralized trading systems, having overcome performance and security challenges, will disrupt traditional financial systems.

In this evolving landscape, DeriW’s "ultra-low fee" strategy could become a key differentiator. As the market grows, this advantage will only become more pronounced, potentially positioning DeriW as a disruptor in the next phase of Perp DEX competition.