PopDEX
As of Nov 11, 2026, PopDEX is a perp DEX on Morph Tachyon costing 0.064% per round trip ($0.64 on a $1,000 buy and sell). Not available in the US.
Checked 2026-11-11 · sources belowOfficial site: popdex.xyz
PopDEX is an order-book perpetual futures exchange on Morph Tachyon, a trading chain in the Morph ecosystem, with USDT-margined crypto perps and RWA perps on stocks, ETFs, indices, oil and metals. Base-tier fees are 0.032% taker and 0.010% maker. Its terms bar the US, UK, Canada, France, Germany and many other countries.
Cost: Perps cost 0.032% taker and 0.010% maker at VIP 0 (under $3M 14-day volume), falling to 0.018% taker and a 0.001% maker rebate at VIP 6. Fees are charged on notional and settled in USDT. Funding passes between traders and PopDEX takes none of it. A builder fee is added only if you trade through a third-party front-end you authorized. A $1,000 buy-and-sell costs about $0.64 in PopDEX fees.
More on PopDEX: Overview · US alternatives
- Round trip fee
- 0.064% buy + sell, platform fee
- $1,000 buy + sell
- $0.64 before network + pool fees
- US availability
- Not available UK: not available · EU: partly available
Quick answers
- Can I use PopDEX in the US? No. PopDEX is not available to users in the United States.
- Does PopDEX require KYC? No. PopDEX does not require identity verification (KYC) to trade, according to its published terms and docs.
- Does PopDEX have a mobile app? Yes. PopDEX has both an iOS app and an Android app.
- Is PopDEX custodial? Who holds your funds? No. PopDEX is listed as non-custodial: your funds stay in a wallet you control, not with the venue.
- What chains does PopDEX support? PopDEX supports one chain: Morph Tachyon.
- Custody
- Self-custody
- KYC
- none
- Platforms
- web, ios, android
- Launched
- —
Users paid PopDEX about $1.2M in fees in the 30 days to 2026-11-11 (DefiLlama) — a rough measure of how much it is actually used.
Best for: Traders outside the barred countries who want on-chain order-book perps on both crypto and stocks, indices and commodities from one account.
PopDEX fees
| Fee | Type | Rate | Applies to | Note |
|---|---|---|---|---|
| Perps taker fee (VIP 0) | protocol | 0.032% | Buy and sell | Under $3M rolling 14-day volume |
| Perps maker fee (VIP 0) | protocol | 0.01% | Buy and sell | Turns into a 0.001% rebate at VIP 6 |
| Builder fee | other | — | Buy and sell | Only on orders placed through a builder you authorized, capped at the rate you set; added on top of the maker or taker fee. |
| Transfer to a new account | other | $1.00 | 1 USDT when sending funds to a new, unactivated PopDEX account; free to activated accounts (product update of 2026-10-19). |
Fee tiers
| Tier | Rate | Requirement |
|---|---|---|
| VIP 0 | 0.032% | default: under $3M 14-day volume; maker 0.010% |
| VIP 1 | 0.03% | $3M+ 14-day volume; maker 0.008% |
| VIP 2 | 0.028% | $15M+; maker 0.004% |
| VIP 3 | 0.024% | $50M+; maker 0% |
| VIP 4 | 0.022% | $100M+; maker 0% |
| VIP 5 | 0.02% | $500M+; maker 0% |
| VIP 6 | 0.018% | $2B+; maker rebate 0.001% |
Perps: taker 0.032%, maker 0.01% — VIP 0 rates. Tiers use rolling 14-day volume across maker and taker fills. Separate market-maker tiers are agreed case by case.
Platform fees only. On-chain network/priority fees, pool (LP) fees and price impact are extra and vary by trade.
Is PopDEX legit?
PopDEX's privacy notice says "we do not hold your private keys, we do not have custody of your assets" and that the interface needs no identity verification (KYC). You trade from your own EVM wallet, or log in with email, Google or Apple to get an embedded wallet that its docs say you can export to MetaMask or Rabby at any time. Deposits are bridged onto PopDEX's chain, which its docs say currently runs a permissioned validator set.
We found no reported hacks or fund losses in the sources we checked. That is not a guarantee.
Where PopDEX is available
| Region | Status |
|---|---|
| United States | Not available |
| United Kingdom | Not available |
| European Union | Partly available |
The Terms of Use (last updated 2026-05-08) bar residents of "Prohibited Countries": the United States and its territories, the United Kingdom, Canada, France, Germany, Austria, Hong Kong, mainland China, Singapore, Malaysia, the Philippines, Russia, Iran, North Korea, Cuba, Crimea, Donetsk, Luhansk, Iraq, Libya, Yemen, Afghanistan, Sudan, South Sudan, Somalia, Lebanon, Haiti, the Central African Republic, the DR Congo and Guinea-Bissau, plus other places PopDEX designates. EU countries not named are not listed as barred. The terms also forbid using VPNs or proxies to hide your location. (source)
We report what the venue's own terms say. Don't use a VPN to get around restrictions; venues can freeze accounts that do.
Pros and cons
Pros
- Low published perp fees: 0.032% taker and 0.010% maker at the base tier.
- Crypto perps and RWA perps on stocks, ETFs, indices, oil and metals share one unified account.
- Non-custodial; wallets created by email login can be exported to MetaMask or Rabby.
- Referrers earn 20% of invitees' net fees and can share part of it with the invitee.
Cons
- Its Terms bar the US, UK, Canada, France, Germany, Austria, Hong Kong, Singapore and many other countries.
- Young venue: in Open Beta since 2026-10-19, and its chain runs on a permissioned validator set.
- Only the bridge and deposit-address contracts have published audits so far, per its audits page.
- Creating a referral code needs $10,000 of your own trading volume first.
Features
perpsorder bookRWA perpsstock perpsunified accountcross and isolated marginhedge modetrading APImobile appweekly prize draw
Alternatives to PopDEX
Lighter
Non-US, non-UK retail perps traders who want zero trading fees and can accept slower taker execution than paid accounts.
0%Round trip
Paradex
Non-US traders who place orders manually through a web UI and want zero-fee perps plus options from one margin account.
0%Round trip
trade.xyz
Traders outside the US, UK and Canada who want leveraged, round-the-clock exposure to stocks, indices, commodities, FX and pre-IPO companies from a self-custodied Hyperliquid account.
0.018%Round trip
Katana Perps
Traders outside the US and the barred countries who want low-fee crypto perps settled on Katana with cross margin and a direct exit path from the contract.
0.04%Round trip
Where PopDEX ranks
- #5 in Best on-chain platforms for stock perpsof 10
- #9 in Best perp DEXesof 10
- #9 in Lowest-fee perp DEXesof 10
PopDEX FAQ
Is PopDEX legit?
PopDEX is a live perp exchange in Open Beta since October 2026. Its privacy notice says the interface is run by PopDEX Trading Limited, an entity licensed in Anjouan; its terms use Hong Kong law and HKIAC arbitration. It is non-custodial, but its chain runs a permissioned validator set and only two contract audits are published.
Can I use PopDEX in the US or UK?
No. PopDEX's Terms of Use list the United States and its territories, the United Kingdom, Canada, France, Germany, Austria, Hong Kong, mainland China, Singapore and others as Prohibited Countries, and forbid using VPNs or proxies to hide your location.
What are PopDEX's fees?
At VIP 0 (under $3M 14-day volume) perps cost 0.032% taker and 0.010% maker, settled in USDT. Fees fall with volume to 0.018% taker and a 0.001% maker rebate at VIP 6. Funding passes between traders; PopDEX takes none of it.
What is PopDEX MegaPop?
A weekly prize draw. PopDEX puts 40% of net protocol trading fees into the MegaPop pool. Eligible trading earns Pop Tickets, up to 10,000 per address per week, which are matched every Monday against a number derived from the Bitcoin blockchain.
How do I deposit to PopDEX?
Deposit USDT from Arbitrum or Morph, either from a connected wallet or by sending it to your account's top-up address. Sending funds to a new, unactivated PopDEX account costs 1 USDT; transfers to activated accounts are free.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- PopDEX Terms of Use (last updated 2026-05-08; page is script-rendered, text read from the page's own client script) — checked 2026-11-11
- PopDEX Privacy Notice: custody and KYC statements (script-rendered, text read from the page's own client script) — checked 2026-11-11
- PopDEX Docs: Mobile Trading (iOS and Android app download) — checked 2026-11-11
- PopDEX Docs: Chain Overview (Morph Tachyon network) — checked 2026-11-11
- PopDEX Docs: Trading Fees — checked 2026-11-11
- PopDEX Docs: VIP Program — checked 2026-11-11
- PopDEX Docs: Referral Program — checked 2026-11-11
- PopDEX Docs: Export Your Email Wallet — checked 2026-11-11
- PopDEX Docs: How to Start Trading (deposits and withdrawals) — checked 2026-11-11
- PopDEX Docs: Security Audits — checked 2026-11-11
- PopDEX Docs: Product Updates — checked 2026-11-11
- PopDEX Docs: Introduction — checked 2026-11-11
- PopDEX Docs: Perpetual Futures — checked 2026-11-11
- PopDEX Docs: RWA Futures — checked 2026-11-11
- PopDEX Docs: MegaPop — checked 2026-11-11
- PopDEX Docs: Builder Program — checked 2026-11-11