As the development of Defi becomes more advanced, people are exploring more and more perspectives on it. As one of the most important components of the financial markets, derivatives bring investors a hedge against market risk and also provide diversified avenues of return, people are gradually stepping more and more strongly into the DeFi derivatives track.   From the last two years, the progress of infrastructure coupled with the confidence given by the evolving innovative design, decentralized derivatives exchanges are slowly eating into the share of centralized derivatives exchanges, ushering in explosive growth and giving birth to a number of innovative decentralized derivatives platforms, the following leads you to count a few derivatives projects of note in the market.   Derivatives Track Leader - dYdX dYdX is the first decentralized futures exchange to be established and launched with a usable product. dYdX is an order-book DEX with peer-to-peer trading between traders and a three-way game between market makers and long and short traders. dYdX is built on Starkware, an Ethernet Layer 2 network, and uses the StarkEx trading engine for decentralized self-custody of assets. It also adopts an operating model similar to that of CEX and is currently the number one derivatives DEX in terms of trading volume driven by trading mining.   Popular Derivatives Trading Platform - Deri Protocol Deri Protocol can provide perpetual futures, perpetual options and multiplier perpetual contract trading (Power Perpetual proposed by Paradigm), characterized by its combination of positions and NFT, using NFT to represent the positions of traders and liquidity providers, NFT on the record of the long or short direction of the transaction, capital costs, entry price, trading volume, borrowed margin, provided liquidity and other information, which allows Deri and other protocols to have better combinability.   MetaTdex, a newcomer to decentralized derivatives trading platform MetaTdex, the world's leading decentralized crypto asset trading platform, is about to launch decentralized perpetual contract trading after more than 900 days of stable operation, using the most popular trading mechanism in the crypto asset derivatives market, vAMM. vAMM uses the same x*y=k constant product formula as Uniswap. As the "virtual" part of vAMM implies, vAMM itself does not store the real asset pool (k). Instead, the real assets are stored in a smart contract vault that manages all vAMM-enabled pledges using the vAMM virtual market maker mechanism, which features efficient trading, good security and transparency, and no unearned losses. Currently, still in the internal testing phase, it is reported that the first batch of users involved in the internal testing has been more than a thousand people, much attention to the market!   Decentralized Derivatives - The Ultimate Trading Form of DEFI   According to the estimation, with 100 times of derivatives value expansion scale, the value of financial derivatives derived from the current global digital asset trading market of about 2 trillion market capitalization alone will exceed 200 trillion. Decentralized financial derivatives have become the new wave of DEFI, which is the main reason why the financial derivatives trading track can rapidly occupy a larger market. Today, when decentralized derivatives are not yet commonly used and traditional financial institutions continue to pour in, I still have great expectations for the explosion of these projects, which will surely perform well under the increasingly flourishing development conditions.