Attention!!!
The article uses author’s material VOOI and author’s text of my writing.
What are crypto derivatives and are they regulated?
Derivatives are financial assets that are linked to the value of the underlying assets. Crypto-derivatives are assets linked to the value of a cryptocurrency such as Bitcoin or ETH.
Compared to owning Bitcoin or ETH directly, such as spot trading, the transaction cost of derivatives trading is cheaper. This increases the efficiency of trading.
The crypto derivatives ecosystem has advanced in the last months, resulting in over 100 existing perpetual DEXs by the end of Feb 2025. Not to forget the worldwide and local crypto market triggers throughout the last years.
Some DEXs concentrate on providing regular crypto derivatives trading: BTC, ETH, SOL, memecoins to USD or others. This share of the derivatives market continues to grow exponentially with nearly tripled in volume last year. The non-crypto derivatives markets which include Gold, Silver, Forex, AI assets are the next potential candidates to face such growth.
In the scope of the DeFi Derivatives we can’t forget about the RWA (real-world assets) a.k.a. synthetic assets — tokenized, blockchain-powered financial contracts which mirror the value. The ecosystem of DeFi Derivatives’ metrics illustrate rapid growth in terms of popularity and userbase:
In 2024, the cumulative traditional crypto derivatives trading volume almost reached the $2,7 trillion mark on DEXs, 295% more compared with 2023(source)- while the centralized exchanges recorded the $52 trillion cumulative volume in 2024 . That’s a benchmark for the DeFi potential growth;
The fresh stats of January 2025 indicated the triple growth from January 2024 ($366 billion vs $128 billion, respectively.
As a result, we see that the derivatives market is extremely interesting for trading and may become a new trend in trading. Therefore, it looks very exciting that Perp Dex VOOI has tapped into this trading niche.
DeFi derivatives are mostly traded on Solana, Arbitrum, Ethereum and Base chains via the decentralized protocols of Hyperliquid, Orderly, KiloEx, GMX and more. All these protocols are exactly the protocols that support the perp Dex VOOI aggregator.
Well in the current trading system of derivatives there are the following problems:
All these mentioned types of derivatives are concentrated in different platforms. It results in the following setbacks:
Liquidity fragmentation: executing trades of various types of derivatives becomes challenging, as they’re mostly concentrated on separate trading protocols;
Low level of chain/asset compatibility: perpetual DEX 1 supports trading of commodities only on Solana, perpetual DEX 2 enables trading of traditional crypto derivatives via Arbitrum, and DEX 3 allows trading tokens backed 1:1 by RWA, traditional stocks — this level of distribution just adds up to the issue of fragmentation;
High Trade Costs: using different platforms for different kinds of derivatives requires having the funds to trade and gas fees on separate blockchains — it results in high trading costs.
All of this creates difficulties in trading derevatives, and VOOI has developed a solution to all of these problems.
“Too many DEXs, too much time to spend on pre-trading routine, too much funds for gas and bridge fees.”
It ultimately limits the growth of the derivatives trading industry, and results in a poor trading user experience.
To eliminate these inefficiencies, VOOI is building a decentralized Derivatives Marketplace.
In a complex existing trading system, VOOI creates the concept and realization of a marketplace for derevatives.
I will now tell you in more detail about the VOOI Derivatives Marketplace
The concept of VOOI Derivatives Marketplace offers a unified solution to the problems of liquidity fragmentation, accessibility, trading costs of DeFi derivatives — while still focusing on diversity of available derivatives for trading.
In simple terms: Crypto, Forex, Stocks, Commodities, Exotic Assets, RWA — in one app, with a two-click trade.
VOOI faces the existing issues via the development of a Derivatives Marketplace application: an interface that allows trading of all kinds of derivatives without the need to use different platforms, multiple wallet connections.
The concept outlines the key components of the solution:
Liquidity Aggregation. The Derivatives Marketplace addresses it via aggregating the liquidity via supported protocols to provide the best terms for trades across all DEXs and chains;
Chain/Account Abstraction. The technologies of chain and account abstraction by design allow traders avoiding chains, bridge and gas routine, using trading applications with the social login (Apple ID, Google), create a unified wallet account and make all trades in just one app (more on chain abstraction is covered here);
Non-Custodial. While providing CEX-like experience, the Derivatives Marketplace remains decentralized, embodying the implementations of account and chain abstraction. No funds are locked or remained within VOOI protocol.
This concept is at the core of VOOI V2 — an upgraded version of VOOI powered by chain abstraction, enhancing both the technical foundation and user experience.
2. Concept Execution To bring this concept to life, the VOOI Derivatives Marketplace integrates existing decentralized derivatives platforms into a unified trading environment, aggregating liquidity from multiple perpetual DEXs and order books within a single interface.
Сhain abstraction, which removes the need for bridging and moving assets between networks, plays an important role in this architecture. With Chain Abstracted Balance (CAB), traders can access derivatives markets on different chains without transferring funds. This ensures a gasless, bridge-free trading experience while keeping the system fully decentralized and secure by reducing reliance on custodial bridges and cross-chain transactions.
For the best understanding of the CAB framework and Chain Abstraction role in VOOI’s upcoming V2 –learn more here
3. Challenges Building such a system requires solving several key challenges, including ensuring compatibility between different assets, protocols, and order books within the chain abstraction framework. Additionally, real-time data synchronisation across integrated platforms demands precise mechanisms for pricing accuracy, order execution consistency, and risk management to maintain trading efficiency and user experience.
4. Phased Rollout To address these complexities while ensuring a smooth transition, VOOI is rolling out the Derivatives Marketplace in multiple phases. The first phase is already live, integrating Overlay and Ostium, each supporting distinct types of derivatives.
This phased approach enables progressive enhancements in liquidity aggregation, interoperability, and trading efficiency, laying the groundwork for a fully integrated decentralized derivatives ecosystem.
VOOI Ecosystem of Derivatives
Here’s the Ecosystem of Derivatives Marketplace at VOOI.
Within the expansion of VOOI into the Derivatives Marketplace, a broader variety of DeFi Derivatives will be available within the trading application. Let’s take a look at them.
Crypto Derivatives
It is the category that traders are most familiar with, and use the most: the futures contracts for hedging and trading crypto assets on the down- or the up-trend of the price with the leverage. It includes the existing integrations of @HyperliquidX, @OrderlyNetwork,@KiloEx_perp, @SynFuturesDefi - with more to come.
Non-Crypto Derivatives, by @OstiumLabs
This type of derivatives provides users with the on-chain trading Forex, Stocks, Indices, Commodities with up to 200x leverage.
With protocols like Ostium
traders can directly trade non-crypto traditional derivatives without the counterparties. Traditional online trading platforms, typically home to a large variety of asset classes like FX, commodities, indices, and crypto, suffer from a number of issues all related to their centralized nature: limited transparency, mandatory broker custody, multi-day deposit and withdrawal queues, and full broker discretion to close open trades or limit liquidity on certain pairs with no warning. Ostium is built to solve these issues. As a decentralized, non-custodial, smart-contract based platform, deposits are instant, users can self-custody, and all transactions are fully transparent and auditable.
VOOI will power this needed upgrade to traditional trading platforms by integrating @OstiumLabs.
Exotic Derivatives (New-Age Assets), by @OverlayProtocol
In the rapid evolution of DeFi and trading networks, the new markets of exotic derivatives arise. To enable full diversity, we’re integrating the non-traditional crypto and entertainment markets (hash rate, gas, BTC difficulty, e-sports & sports, sneaker prices, and more), powered by
Overlay Protocol.
It’s highly important to fulfil the tenet of diversity in the Derivatives Marketplace concept — if there are hot liquid new markets available for trading, they should be available. Polymarket proved the market for exotic (event-based) derivatives. Overlay is doing continual (futures market) exotics. As Overlay comments, this sector will be growing $10B of daily volume in the future. Overlay aims to be the go-to provider of data derivatives, empowering users to engage with assets that resonate with them personally. These can be their preferred NFTs (like the Berachain Rebases NFT Index), the popularity index of their favorite musician (such as the Lana Del Rey Popularity Index), or even economies on their favorite video game (such as Overlay’s Counter-Strike Skins Index). Furthermore, trading instruments linked to non-crypto assets provides a degree of portfolio diversification — or perps trading diversification. Experiencing market volatility? One can readily shift focus to trading on markets tied to game skins or musician popularity — whatever offers a sense of stability or opportunity.
Overlay’s data indicates that users are actively trading not only on NFT markets, but also on CS Skins and Lana Del Rey popularity index. A wider array of markets will be introduced soon, immediately following the launch on Overlay’s mainnet later this February.
The Future Trajectory
The concept of the Derivatives Marketplace provides us a clearer vision on the future DeFi derivatives trading. The end game vision is clear: eliminate limits and barriers for trading traditional crypto derivatives and the derivatives of Stocks, Forex, Sports/Game assets & Indices — with no risk to decentralization.
While the possible barriers to implement the Derivatives Marketplace concept may exist, there are opportunities for VOOI to build an application with the trading experience that feels like magic and bring CEX-like trading experience and metrics to the world of decentralization. Derivatives Marketplace is a prominent solution to unite all types of assets in derivatives form, eliminate the urge to bridge and handle gas — while not making it rocket science.
“With VOOI, there’s literally no need in trading on the centralized brokers and exchanges.”
You can now
trade traditional and non-traditional derivative markets on VOOI
in the first version of the Derivatives Marketplace.
Trade smart. Trade VOOI.”
After reading this article, you can conclude that the derivatives market has become a trend over the past year, and Vooi cjplftn a concept where you can easily and simply start trading right now with different types of derivatives. Which conceptually no Perp Dex has been able to achieve at the moment. This is quite understandable, as the VOOI team is always ahead of the trends and forecasts, which can facilitate the trading system, as well as create conditions in which the simple trader will feel comfortable and safe.
I would also like to add that vooi team is always in touch with its community, provide support, create interesting events and promotions, which also attracts traders to the trading platform VOOI. And the community leader and community manager keep the community active in Discord, educating the community and creating a great atmosphere in the project.