Paradex

About

Paradex is a next-generation decentralized derivatives exchange (DEX) that runs on a high-performance Layer-2 appchain powered by Starknet technology. It focuses on the future of DeFi trading, on-chain derivatives, and zero-fee cryptocurrency trading, while also promoting institutional-grade privacy. The platform combines the speed and efficiency of centralized exchanges with the security and transparency of decentralized financing. It is intended for high-frequency trading and capital-efficient techniques, with users having complete self-custodial control over their assets. This makes Paradex one of Web3's most advanced decentralized trading systems. Backed by Paradigm and other leading investors, it is built as an institutional-grade decentralized trading and infrastructure ecosystem. Key Features of Paradex: • Zero maker and taker fees for retail users with optimized execution and better-than-CEX spreads. • zk-encrypted trading accounts keep positions, entries, liquidation levels, and PnL hidden. • Trade futures, perpetuals, options, commodities, and spot across 250+ markets. • Automated trading vaults help users earn passive income through DeFi strategies. Paradex Milestones: Year Achievements 2023 It came out of stealth in July as Starknet's first-ever appchain. Rolled out a Closed Beta in August to test its hybrid model that blends CeFi-like performance with DeFi self-custody. 2024 In February, they moved to Open Beta on Mainnet. Launched the XP (Points) scheme to increase liquidity. By the middle of the year, the cumulative trade volume had exceeded $10 billion. 2025 The DIME token launch has been announced, along with a 20% genesis airdrop. Perpetual Options were introduced as a new sort of derivative with no expiry date and limited downside for buyers. Performance Milestone: Became the first appchain to integrate S-two (StarkWare's next-generation prover), achieving record-breaking transaction speeds and institutional-grade throughput.

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