Looking ahead to 2026, six equity perps protocols stand out as the main players worth farming:

On HIP3: Ventuals, TradeXYZ, HyenaTrade, and Felix Protocol are the frontrunners. Over on Arbitrum, you've got Ostium Labs and Vest Exchange rounding out the list.

The play here is simple—hit at least $50K in volume across each one. It's the kind of baseline that separates serious farmers from casual observers. Bookmark this now, and you'll have a solid reference point when you're evaluating performance next year.