Aevo is the on-chain options venue that finally works, plus a solid perps side. Deep BTC + ETH options liquidity, own OP-stack appchain, and Ribbon Finance lineage give it real credibility. Best on-chain options venue if Deribit isn't an option.
What Aevo is
Aevo operates as an app-specific rollup (using OP Stack) hosting perpetual futures + options markets. Founded by the Ribbon Finance team, Aevo inherits their institutional relationships and structured products expertise.
Options depth
Aevo's BTC and ETH options books are the deepest on-chain options venues in 2026. Weekly, monthly, and quarterly expirations with orderbook liquidity approaching Deribit-lite depth for major strikes.
Perps side
100+ perp pairs with competitive fees. Not as deep as Hyperliquid or dYdX on major pairs, but the combination of perps + options in one platform is unique.
Verdict
Aevo is the on-chain options venue for anyone who can't access Deribit. Options depth is genuinely differentiated; perps side is a solid bonus.