Overlay Protocol

We built Overlay to trade anything. Things no other perps DEX would touch. The vision was right. The timing wasn't. Here's what we learned, and where Overlay is going next 👇

When a market hits its OI cap, it looks like a failure: why can't I get in. It's the opposite of a failure. It's the venue refusing to accept risk it can't safely carry, the same refusal that keeps every position already in the market exitable.

The thesis hasn't changed. Overlay opened perps to the long tail of crypto — no order book, no market maker, just an oracle feed. Every token that couldn't get perps at the past, now can. More soon. 👇

Officially listed on @coingecko as a Perpetual DEX ✅ Overlay is the only perp DEX built specifically for long-tail assets. Now the market can see us for what we are. Overlay’s page link: coingecko.com/en/exchanges/o…

$FOLKS is Folks Finance - a leading DeFi lending protocol that lets you supply, borrow & manage assets across chains from one platform. $62.7M TVL. $FOLKS Now live on Overlay 🟢 app.overlay.market/trade?mar…

…. ….. live….. +🦎 NEXT WEEK

And that's a wrap – $RPL Community Pool's full! 💯 Only took 3 days. @Rocket_Pool perp market drops Monday, 07/13. Get ready.

Most perp exchanges share the same playbook. Deep liquidity pools. Established order books. High-cap majors only. If your token doesn't fit — you're out ❌ Overlay is built differently. Markets are priced through oracle feeds, not order books. No liquidity bootstrapping required. No market maker deals. If a verifiable data feed exists for an asset — it can be listed 📊 That opens the door to long-tail crypto perps traditional venues tend to ignore. Projects launch their own perp markets in days. Communities pool capital to fund them and earn 30% of trading fees permanently. Traders get leveraged exposure to tokens. The infrastructure was always the bottleneck. Overlay removes it.

The summer heat is relentless, so is Overlay 🔥 We’re heating up perp markets for thin-liquidity tokens. No deep liquidity, no market makers: just token, traders, and leverage. You can already trade $CHZ, $AERO, $PLUME and more. Overlay: perps for the tokens everyone else left out in the sun. Up and running ☀️

Heads up — markets are temporarily paused while we perform a security key rotation across our infrastructure. Trading will resume shortly.

Why is Overlay the best venue for long-tail tokens? CEXs mostly list assets with deep liquidity and proven volume. The vast majority of DeFi tokens never get a perps market — no leverage, no price exposure for their communities. Overlay removes that constraint. Traders trade against the protocol — no market makers, no liquidity bootstrapping problem. Any token can have a perps market from day one. Community Pools take it further — anyone can spin up a new market, on-chain, stablecoin-settled, with fees flowing back to stakeholders. Want to join us? DM 📥

Running a token and thinking about launching a perp? Overlay lists long-tail assets that CEXs won’t touch. If you’ve been wondering where to launch — let’s talk. DM us and we’ll walk you through it 📥