Vertex Protocol vs Synthetix Perps Same published score.
Synthetix Perps and Vertex Protocol tie on score at 41; the published tie-break orders them. Vertex Protocol ranks #12 and Synthetix Perps #10 of 12 published perp DEXs. The ledger below shows where each side is ahead — pick by the criterion that matters to you.
VEVertex Protocol41
vs
Synthetix Perps41
Scores are out of 100; published scores fall within 41–99 · ranks #12 and #10 of 12
Synthetix Perps and Vertex Protocol tie on score at 41; the published tie-break orders them.
VEVertex Protocol #12 of 1241
Synthetix Perps #10 of 1241
Scores are out of 100; published scores fall within 41–99; a bar is empty at 41 and full at 99.
Why, term by termSynthetix Perps leads on 0 of 2 published criteria; Vertex Protocol on 0. The terms sum to the gap.
TermSynthetix PerpsVertex ProtocolWeightPoints
Published criteriaScore dimension7.1030+18.5for Synthetix Perps
Net of the terms+18.5
Reproduced gap+18.5
Published gapAfter score rounding and bounds — see the note below41410.0
Weight is in points of the 86-point weighted total. Points are score points of the gap between the two.
EligibilityVertex Protocol no longer operates (since 2025-07-16): its criteria block is zeroed
This ranking scores its published criteria from the record as a whole, not criterion by criterion, so they count here as one term and no single criterion is credited.
Vertex Protocol no longer operates (since 2025-07-16) and is kept for reference: the engine zeroes its criteria block, whatever its cells say.
A floor bound on one row means the criterion arithmetic does not reproduce the displayed gap exactly.
Vertex ProtocolScore 41Closed: hybrid AMM + sequencer orderbook on Arbitrum (trading ended July 2025)Strength: Nothing — Vertex is closed; all DEX trading ceased on 16 July 2025Watch-out: Closed: all DEX trading ceased on 16 July 2025 when the team joined the Ink Foundation, and vertexprotocol.com now returns 404 — there is no Vertex venue to trade onSynthetix PerpsScore 41Ethereum-mainnet perps with an offchain order book — launched 2026Strength: Perpetual futures settled on Ethereum mainnetWatch-out: Withdrawals are operator-relayed: only a single relayer account can request a withdrawal onchain, and watchers validate it with a quorum of 1
Quick facts
At a glance
1 of 5 rows read the same for both.
FactVertex ProtocolSynthetix Perps
PricingSnapshotModel: hybrid onchain AMM + offchain sequencer orderbook. Since 2023; closed 16 July 2025 (team joined the Ink Foundation): its notice says Phase 4 "All DEX trading activity ceases." Arbitrum. Self-custodial; matching offchain, settlement onchain; admin-controlled (4-of-6 multisig, no timelock found). Audited. Up to 20x while live. No live fee schedule: vertexprotocol.com and docs.vertexprotocol.com return 404 (read 3 November 2026). Live TVL shown for context (DefiLlama, dated), not scored.Model: offchain orderbook (offchain matching, batch settlement on Ethereum mainnet). Since 2026. Contract-custodied (operator-relayed withdrawals), admin-controlled (4-of-7 Safe, no timelock). Limited audit evidence (no audit of the live deposit contract found). Up to 25x. Fees (Synthetix docs, read 3 November 2026): default taker fee "0.05%", lower with 14-day volume. Live TVL shown for context, not scored.
Vertex Protocol leads Synthetix Perps on no published criterion and no score dimension — pick it only if a fact outside the score (country, funding rail, custody) decides for you.
Strength
Nothing — Vertex is closed; all DEX trading ceased on 16 July 2025
Tradeoff
Closed: all DEX trading ceased on 16 July 2025 when the team joined the Ink Foundation, and vertexprotocol.com now returns 404 — there is no Vertex venue to trade on
Synthetix Perps
41#10 of 12
Pick it when
Synthetix Perps leads on no published criterion; its edge is published criteria (7.1 vs 0 points). Pick it if that term is what you are buying.
Strength
Perpetual futures settled on Ethereum mainnet
Tradeoff
Withdrawals are operator-relayed: only a single relayer account can request a withdrawal onchain, and watchers validate it with a quorum of 1
Self-identify in 10 seconds
Which one is actually for you?
VEVertex Protocol
Vertex Protocol leads Synthetix Perps on no published criterion
Choose it only if something outside the published criteria decides for you — your country, a funding rail, or custody.
Vertex ProtocolScore 41Closed: hybrid AMM + sequencer orderbook on Arbitrum (trading ended July 2025)Strength: Nothing — Vertex is closed; all DEX trading ceased on 16 July 2025Watch-out: Closed: all DEX trading ceased on 16 July 2025 when the team joined the Ink Foundation, and vertexprotocol.com now returns 404 — there is no Vertex venue to trade on
Synthetix Perps
Synthetix Perps leads Vertex Protocol on no published criterion
Choose it only if something outside the published criteria decides for you — your country, a funding rail, or custody.
Synthetix PerpsScore 41Ethereum-mainnet perps with an offchain order book — launched 2026Strength: Perpetual futures settled on Ethereum mainnetWatch-out: Withdrawals are operator-relayed: only a single relayer account can request a withdrawal onchain, and watchers validate it with a quorum of 1
Criterion by criterion
Scorecard
Published criteria · weight in points of 860 of 4 cells scored. Strength is read from the evidence file; the weight is the published one. Methodology
Security
weight 14.4 of 86Not scored
Vertex ProtocolNot scored
No evidence cell for this criterion, so no strength is drawn.
Synthetix PerpsNot scored
No evidence cell for this criterion, so no strength is drawn.
Decentralization
weight 9.6 of 86Not scored
Vertex ProtocolNot scored
No evidence cell for this criterion, so no strength is drawn.
Synthetix PerpsNot scored
No evidence cell for this criterion, so no strength is drawn.
Score dimensions
weights sum to 86
The published score is five dimensions, each weighted for the category. "Published criteria" is the criteria block above; the other four are the engine's own terms — availability, friction, trust record, measured data. Each bar is one side's points out of that dimension's maximum; the weight beside the name is its points of the 86-point weighted total. The published criteria above can fill 24 of the block’s 30. A weight marked “constant here” belongs to a dimension every ranked product in the category holds at the same value: it still counts in the total, and it orders nothing here.
Availabilityweight 20 of 86 · constant here
Vertex Protocol14/20Synthetix Perps14/20
Tie
Published criteriaweight 30 of 86
Vertex Protocol0/30Synthetix Perps7.1/30
Synthetix Perps leads
Frictionweight 10 of 86 · constant here
Vertex Protocol2.7/10Synthetix Perps2.7/10
Tie
Trust recordweight 8 of 86 · constant here
Vertex Protocol3.2/8Synthetix Perps3.2/8
Tie
Measured dataweight 18 of 86 · constant here
Vertex Protocol5.5/18Synthetix Perps5.5/18
Tie
Decision rulePublished order
Same published score — pick by the criterion that matters to you.
Vertex Protocol leads Synthetix Perps on no published criterion and no score dimension — pick it only if a fact outside the score (country, funding rail, custody) decides for you.
Synthetix Perps leads on no published criterion; its edge is published criteria (7.1 vs 0 points). Pick it if that term is what you are buying.
The published order weighs every criterion the same way for everyone. To weigh them your way, run .
From the published order
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If this isn't your case
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How you can lose money here, and what the ranking scores
Contract failure: the code holding the funds is exploited.
Scored by Security & track record · 60%
Control failure: a key or vote changes the rules, freezes or mints.
Scored by Decentralization & trust-minimization · 40%
Not assessed by this ranking: Oracle failure, Insolvency failure, Regulatory failure, Execution failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means.
Questions
Frequently asked questions
Synthetix Perps and Vertex Protocol tie on score at 41; the published tie-break orders them. Published scores, out of 100: Vertex Protocol 41 (rank 12 of 12 perp dexs), Synthetix Perps 41 (rank 10 of 12).
Reviewed means both products compared here was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
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