Kwenta

Kwenta ranks #1698 by market capitalization, at $1.71M. It belongs to the DeFi sector (Derivatives). It has traded since Nov 16, 2022, across 12 markets on 4 exchanges, with $60.81 of volume in the last 24 hours. Its all-time high of $794.77 was reached on Apr 16, 2023; the current price is 99.6% below that peak. Its cycle low of $2.90 came on Aug 25, 2026.

Development data lists 8 core developers and 13,725 code commits.

Kwenta is a decentralized perpetuals exchange built on OP Mainnet, offering users leveraged positions to synthetic assets that track the value of real-world and on-chain assets. Kwenta uses the Synthetix Network Token (SNX) for collateralization to mint synthetic assets, or Synths, that track the value of assets like cryptocurrencies, commodities, fiat currencies, and equities. Users can trade these Synths on Kwenta without the need for an intermediary. KWENTA is the native utility token of the Kwenta network.