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.
Paradex's Gigavault achieves a 7-day APR of approximately 20%.
Links
x.com/paradexGigavault achieves a 7-day APR of approximately 20%.
Added follis_ to the team.
Integrated with Arcx Trade to enable cross-venue perpetuals trading and funding arbitrage through a unified interface.
Open interest expanded past $500 million.
Platform adopts encrypted data availability approach with potential escrow or security council mechanism using multi-party computation for decryption key release.
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).
Platform fully powered by StarkWare's S-two prover, cutting proving times and costs while improving performance for onchain perpetuals.
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.
Token ticker confirmed as $DIME with airdrop breakdown of 5% for season 1 and 15% for season 2. Platform reports 15K monthly users, distributes 4 million XP weekly, operates with zero fees, and token trades on OTC markets below estimated $1B FDV.
Platform uses Pyth Network's MON/USD price feed within an hour of Monad mainnet go-live.
Integration with Hyperlane enables USDC deposits across 6 chains (Ethereum, Base, Arbitrum, Solana, Starknet, Paradex) for unified access to perpetuals, options, and vaults.
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.
Platform ranks #11 among perpetual DEXs and roadmap includes planned releases of spot trading and multiple collateral types. Airdrop allocation confirmed at 20% of total supply at TGE.
Platform processed $5.4 billion in 24-hour trading volume on Black Friday without any outages.
Token Generation Event confirmed for Q1 2026, and platform offers an extra 15% XP boost incentive.
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.
Platform processes $5B in daily trading volume and lists partnerships with Jupiter, Mantle, Trezor, Bitwise, Sui Network, and Story Protocol.
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.