Crypto Derivatives on Telegram Ads: dYdX, GMX, Hyperliquid, Drift (2026)
How on-chain derivatives platforms — dYdX, GMX, Hyperliquid, Drift, Gains Network — advertise on Telegram. Analysis of 90+ unique creatives.
Contents
Crypto Derivatives in Telegram Sponsored Ads#
On-chain derivatives platforms enable leveraged trading of crypto perpetuals without centralized intermediaries. Telegram Ads Spy catalogued 90+ unique creatives from dYdX, GMX, Hyperliquid, Drift Protocol, and Gains Network.
Top Advertisers#
| Platform | Ads | Intensity | Volume Rank |
|---|---|---|---|
| Hyperliquid | ~28 | 9/10 | #1 on-chain perps by volume |
| GMX | ~22 | 8/10 | Arbitrum + Avalanche |
| dYdX | ~18 | 7/10 | dYdX Chain (Cosmos) |
| Drift Protocol | ~14 | 7/10 | Solana perps |
| Gains Network | ~10 | 6/10 | Multi-chain synthetic perps |
Creative Patterns#
Hyperliquid — highest intensity (9/10): «Trade perps with CEX-level speed. No KYC. Your keys.» Zero-commission narrative targeting CEX refugees post-FTX. HYPE token airdrop drove 2024 ad surge.
GMX — yield angle: «Earn 30%+ APY providing liquidity for leveraged traders.» Dual narrative: traders and LPs. GLP/GM pool returns featured prominently.
dYdX — institutional angle: «The decentralized exchange for professional traders. 20x leverage. Deep liquidity.» Migrated to Cosmos app-chain for performance.
Drift — Solana speed: «0.4s finality. Up to 20x leverage. Built for Solana speed.» Performance-first messaging targeting Solana native traders.
Archive Data#
Live data: /api/v1/ads?tag=crypto-derivatives
Market Context#
On-chain perps volume crossed $1T/month for the first time in 2024, driven by Hyperliquid's explosive growth. The HYPE airdrop (November 2024) — worth $15,000+ per eligible wallet — generated the largest single spike in derivatives platform advertising Telegram Ads Spy has recorded.
Geographic Distribution#
English dominates (70%) — serious traders. Korean channels show extremely high derivatives ad density. Southeast Asia (Vietnam, Philippines) has active perps communities. Russia/CIS formerly heavy but reduced post-2022 sanctions.
2025–2026 Trends#
Hyperliquid's HYPE token created a new flywheel: platform revenue funds token buybacks → token price rises → more traders attracted. This «revenue-backed memecoin» narrative appeared in ads. Prediction markets (Polymarket, Kalshi) began advertising alongside perps, blurring the derivatives/speculation category. BTC perps surpassed ETH as most-advertised underlying in 2025.
Source: Telegram Ads Spy Research · 22 April 2026 · CC-BY-4.0.
Related Reports#
Methodology#
Data extracted via gramesh /channels.getSponsored across 9,000+ channels. Classification by domain in ctaUrl with manual review. Counts represent unique creatives deduplicated, not impression counts.
Key Metrics#
Hyperliquid: $1T+ cumulative volume · HYPE airdrop $15,000+ per wallet · #1 on-chain perps GMX: $200B+ lifetime volume · 30%+ annualized GLP/GM yield in 2024
Continue your research#
- Live creatives — browse Crypto Derivatives campaigns in the Telegram Ads Spy archive; filter by date, brand and country.
- The cluster — every Crypto Derivatives advertiser on Telegram indexed in the archive.
- Directories — niches · advertisers · channels.
Frequently asked questions
Which brands advertise in crypto derivatives on Telegram?
Telegram sponsored campaigns from crypto derivatives projects — their creatives, messaging and target channels — are tracked in the Telegram Ads Spy archive. Each creative is indexed with the date it was seen and its niche, so you can see which crypto derivatives advertisers are active and how they compete.Where can I see crypto derivatives Telegram ads?
Browse indexed creatives from the crypto derivatives category in the Telegram Ads Spy archive at /ads?q=crypto-derivatives — filter by date, niche and country to compare how these brands run sponsored campaigns on Telegram.What does crypto derivatives advertising on Telegram look like?
crypto derivatives creatives are sponsored messages: a short text with an optional banner image and a call-to-action (CTA) button. The archive shows the exact formats, copy and targeting each crypto derivatives brand uses, side by side.
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Cite this article
Telegram Ads Spy Markets Research (2026). Crypto Derivatives on Telegram Ads: dYdX, GMX, Hyperliquid, Drift (2026). tgadsspy.com. Retrieved from https://tgadsspy.com/blog/telegram-ads-crypto-derivatives-2026
Licensed CC-BY-4.0 — reuse allowed including commercial, attribution required.
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