Derp.trade is the world’s first derivatives launcher. It’s built on top of pump.fun – Solana’s leading protocol for coin creation. With Derp, users can create memecoins that are instantly tradable with leverage up to 100X.
Launched just 24 hours ago, derp.trade is already making noise, with core metrics at:
85+ coins created
2000+ trades in derp markets
$1.5M+ trading volume in derp markets
$9M+ of trading volume generated on pump.fun
9000 daily active users
“Derp.trade launched just eight hours ago, and while we’re still gathering the full numbers, @DerpyOnDerp alone has already generated $7.4 million in volume,” tweeted Moonboy, the anonymous co-founder of derp.trade. “The love and support from the community has exceeded anything I could’ve imagined. I truly believe we’re building something special—a new primitive has been born.”
What makes derp.trade possible?
The key idea behind derp.trade is the introduction of DERPs (Decentralized Perpetuals). DERPs are a new kind of digital asset that allow users to trade assets with leverage, similar to perpetual futures, but without needing an order book like traditional exchanges. Instead, DERPs use Automated Market Making (AMM), which means trades are instantly filled even if the market doesn't have much liquidity.
When someone creates a coin on derp.trade, it automatically deploys the coin on pump.fun (for regular trading) and a DERP market on top of it for leveraged trading. This setup lets traders instantly start trading with leverage (up to 100X) even on new coins that don't yet have much trading activity. As the derp market gets more liquid, traders can use higher leverage, making it easy and efficient to trade new coins, both long and short.
Antoni Kiszka, the co-founder of derp.trade and inventor of DERPs commented on their impact on internet capital markets:
DERPs, as a new asset class, enable leveraged trading even in markets previously considered too illiquid for traditional perpetuals. Previously, it was impossible to trade low-liquidity coins with leverage, and even highly popular coins faced difficulties with instant and complete order execution. DERPs overcome these limitations by making instant, fully-filled leveraged trading possible, regardless of the coin’s liquidity.
What makes DERPs different?
Traditional perpetual futures (or “perps”) rely on centralized order books and deep liquidity. They work well for assets like BTC or ETH, but fall apart when applied to niche coins - where volume is low, slippage is high, and execution is unreliable.
DERPs change the game by using an automated market maker (AMM) instead of an order book. That means traders can enter or exit positions at any time, even in thin or one-sided markets. No market makers, no waiting for liquidity to arrive.
This design allows any coin (even one created moments ago) to have a fully functional leveraged market.
Behind the scenes, DERPs use a mechanism called AMM skew control. Instead of traditional funding rates that keep prices close to spot, DERPs balance the open interest on both sides of the market (longs vs. shorts) to ensure complete and instant order filling. As a result, markets remain stable even with heavy leverage or strong directional bias.
Each DERP market is isolated, meaning risk never spills over between coins. This removes the systemic failure risk found in traditional derivative protocols and makes derp.trade one of the safest ways to speculate on volatile assets.
Why it matters
Trade anything with leverage – even meme coins, microcaps, or your own token
No order books, no gatekeepers – launch and list instantly without CEX approval
On-chain and unstoppable – built on Solana for speed, scale, and accessibility
Safer by design – markets are isolated, and AMMs are protected from liquidation
Derp.trade also offers a one-click coin launch interface, making it simple for users to create leveraged markets without writing code or waiting for listings. The experience mirrors that of a centralized exchange, while staying fully decentralized and transparent.
Whether you're betting on the next meme coin, shorting a trending token, or launching your own project, derp.trade opens up a new world of permissionless, leveraged trading.
To start trading or launch your own leveraged token, visit derp.trade.