paradex00

what's paradex?

Paradex is a decentralized perpetual futures exchange operating as Starknet's first Appchain, engineered for high-performance on-chain trading. It supports over 100 perpetual contracts with features like zero trading fees for retail users, sub-second pre-confirmations, and a unified architecture that integrates liquidity, speed, and privacy. Built to scale DeFi, Paradex enables seamless execution of derivatives across major assets, leveraging Starknet's scalability for low-latency trades without compromising decentralization. The platform fosters user engagement through mechanisms like XP points earned via trading activity and referrals, which contribute to ecosystem rewards distributed via its native $DIME token. Additional programs such as TAP incentivize affiliates and content creators to expand the community, while integrations with wallets, bridges, and dApps create a cohesive ecosystem. Paradex emphasizes privacy through upcoming upgrades like decentralized sequencing and public mempools, positioning it as a foundational layer for advanced on-chain finance.

Snapshot

Paradex integrated AI trading strategies (BTC, ETH, SOL) via Allora/RoboNetHQ; hiring data engineer.

2W ago
PARTNERSHIP

Integrated with Allora Network and RoboNetHQ to use Allora inferences for generating trading strategies with BTC, ETH, and SOL predictions on 8-hour time horizons.

TEAM UPDATE

Hiring for a Senior Data Engineer position in Singapore (remote available) with a salary range of $130K–$250K.

1M ago
VISIBILITY EVENT

Featured in a podcast episode discussing partnerships and institutional adoption, with timestamps showing coverage at 24:53.

TOKEN ECONOMICS

Team allocation follows a four-year vesting schedule through 2027+, with 80% unlocking based on performance milestones and 20% on a time-based schedule.

ONCHAIN METRICS

Holds 0.99% market share in the perpetual DEX market.

ONCHAIN METRICS

Achieves an open interest-to-volume ratio of 0.014.

2M ago
VISIBILITY EVENT

Listed in an educational categorization of perpetual DEXs as a hybrid orderbook-based platform with zero trading fees, and among private perpetual DEXs in a privacy-focused crypto tools overview.

VISIBILITY EVENT

Participated in a panel discussion about privacy protocols and institutional use cases at InnovateDenver conference.

MARKET ACTIVITY

offers PAXG-USD trading pair with up to 50x leverage

ONCHAIN METRICS

Has reached $220M TVL, representing 6x growth.

RISK ALERT

Executed a chain rollback to block 1,604,710 after a database migration error caused Bitcoin's price to display as zero, triggering mass liquidations.

MARKET ACTIVITY

has over 100 live perpetual markets

3M ago
ONCHAIN METRICS

Gigavault achieves a 7-day APR of approximately 20%.

TEAM UPDATE

Added follis_ to the team.

PARTNERSHIP

Integrated with Arcx Trade to enable cross-venue perpetuals trading and funding arbitrage through a unified interface.

ONCHAIN METRICS

Open interest expanded past $500 million.

Adopts encrypted data availability with escrow or security council using multi-party computation, utilizing encrypted state diffs on Ethereum L1, RPC-masked data on L2, and off-chain CLOB execution.

4M ago

Platform execution cost measures $30 per $1M in BTC perpetual trading volume based on last week's average, ranking second-lowest among four competing perpetual exchanges including Lighter ($18), Extended ($260), and Hyperliquid ($467).

Runs private perpetuals as an SN Stack appchain on Starknet, powered by StarkWare's S-two prover, cutting proving times and costs.

Platform implements higher minimum holding time requirement and improved funding rate algorithm for standard perpetuals.

XP token trades at approximately $200M valuation (10x FDV/FCF multiple) and platform generates $19M annualized revenue through payment-for-order-flow from market makers.

User alleges the platform froze and stole user funds, recommends immediate fund withdrawal and advises against using the platform, comparing the incident to the WhiteWhale and MEXC saga where funds were eventually returned.

Platform launches encrypted positions feature that hides trade sizes and liquidation points from public view, with trading available through RFQ, dark pool, and orderbook modes.

Confirmed token ticker $DIME with airdrop breakdown of 5% for season 1 and 15% for season 2. Charges zero fees for trading, sees 15K monthly users, distributes 4M XP weekly, and token trades on OTC markets below $1B FDV; token launch expected soon.

Platform uses Pyth Network's MON/USD price feed within an hour of Monad mainnet go-live.

Debuted DIME on Solana via Sunrise DeFi, bridging DIME and USDC via Hyperlane, processing over $400 million in deposits. Listed on Jupiter exchange March 18, 2026, with a $50,000 trading competition; supports USDC deposits across Ethereum, Base, Arbitrum, Solana, Starknet, and Paradex.

The Grinta upgrade launches November 24, bringing decentralized sequencer architecture, sub-second pre-confirmations, and a real mempool to the chain, with StarkWare's S-two prover integration planned afterward.

Ranks #11 among perpetual DEXs with 20% airdrop allocation. Roadmap includes spot trading, multiple collateral types, RWA perpetuals (commodities, FX, equities), dated options, and Paradigm RFQ integration.

Platform processed $5.4 billion in 24-hour trading volume on Black Friday without any outages.

Opened $DIME claims March 5th, 2026, allocating 25% of total supply to airdrop with a 2-week claim period and a 15% XP boost.

Tread_fi points season 1 goes live with Paradex as an integrated perpetual DEX platform for delta-neutral trading strategies.

Platform invented Retail Price Improvement (RPI) orders that Binance adopted, with the technology becoming an industry standard for risk-based pricing and flow separation.

New giveaway partnership with tread_fi incentivizes trading volume on the platform.

Listed among top perpetual exchanges for farming based on open interest and TVL with expected airdrop, and identified as having a potential Token Generation Event before 2026.

Platform processes $30B in monthly trading volume and ranks as the 8th largest perpetual DEX by volume.

5M ago

Ended collaboration with Jupiter with a claim deadline of 2026-04-02 for JUPUSD rewards; processes $5B daily trading volume.

Free trading fees are available on the platform for bot trading optimization. EVFARM bot reaches 1M total trading volume on Paradex (175k in 24 hours) but reports -$400 overall profit due to high volatility pairs.

LP vault offers 41% APY with $90M TVL and continues distributing points, but has reached its deposit cap.

Paradex points farming program has approximately 15 weeks remaining with a 15% XP boost available.

Funding rate arbitrage between paradex and Lighter generates $800 profit with 900k total trading volume over 48 hours using EVFARM v2.