It feels great to finally release this dashboard — a deep dive into the @base Perps ecosystem. The motivation came after seeing the remarkable growth of @avantisfi, which made me curious to uncover who the next runner-up might be and what users are really leveraging on Base. The dashboard is structured into four main parts, each designed to give a complete picture of what’s happening in Base Perps. The first part covers the core fundamentals, helping anyone get a quick sense of how the ecosystem is performing. You’ll notice a clear uptick in TVL and stablecoin inflows, with the last two weeks of September marking Base’s best period for Perps activity. The second part focuses on growth metrics, highlighting user and transaction trends. Interestingly, while Base hit an all-time high in transactions during September, active traders slightly trended down showing how on-chain activity can rise even when user counts consolidate. The third part breaks down performance across three dimensions: TVL, Volume, and Fees. By TVL, the leading Perps protocols are @avantisfi, @rollxfi, and @DeriveXYZ. Avantis, for instance, is currently running multiple campaigns — from offering up to 20% APY on USDC deposits to a massive Season 3 airdrop distributing 40M $AVNT tokens. Meanwhile, @rollxfi is preparing for another snapshot on October 10 ahead of its TGE, and interestingly, traders eligible for the @Aster_DEX airdrop automatically qualify by trading once on RollX. When ranked by Perps Volume, the top three are @avantisfi, @SynFuturesDefi, and @rollxfi. SynFutures has been active in the Perps space since 2021 and is now revamping its product with a new private beta launching this October. Those interested can reach out to @iamtracymm to join as early testers although no rewards have been announced. Ranking by Fees gives us another perspective, led again by @avantisfi, followed by @SynFuturesDefi and @GainsNetwork_io. Gains Network has recently hinted at its v10.2 upgrade, introducing additional utilities for the $GNS token and signaling renewed momentum. I also compared Base’s position against other blockchains and L2s. Among all blockchains, Base ranks third in Perps volume. Within the L2 ecosystem specifically, it dominates with over 50% of total L2 Perps volume showing clear market leadership. Finally, I conducted a head-to-head comparison between @avantisfi, @SynFuturesDefi, and @rollxfi, analyzing their performance across TVL, Fees, Volume, and mindshare across chains. The results highlight some subtle but important differences in how each protocol is carving its niche within the Base ecosystem. The full data and sources are all available in the dashboard below — dive in and explore the insights for yourself. Tagging some chads who will love this: @hmalviya9, @eli5_defi, @TheDeFISaint, @Hercules_Defi, @arndxt_xo, @rektdiomedes, @CryptoGirlNova, @patfscott, @DefiIgnas, @TheDeFiKenshin, @satyaki44, @Silverhard_, @The_Tradeguru, @YashasEdu