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Dave The Bera 🐻 ⛓️ ◻️ @Datdefiguy1 on x 11.4K followers
Created: 2025-07-14 18:33:29 UTC
A few weeks ago, I talked about projects that will reward the top XXXXX users
But what if the project doesn’t even have XXXXX real yappers yet? 👀
Introducing Paradex, a Dex backed by Paradigm.
What Is Paradex?
Paradex is a high-performance, non-custodial exchange designed for trading perpetual futures, options, and spot markets with maximum efficiency and minimum risk. It brands itself as a "SuperDEX" combining the performance of a centralized exchange (CEX) with the trustless architecture of DeFi.
Built on a StarkNet Appchain, Paradex leverages zero-knowledge proofs (ZKPs) to enable fast, secure, and private trading while retaining full user control over funds.
Key Features
🧱 Architecture & Tech Stack
StarkNet Layer X Appchain: Offers high throughput, low gas fees, and verifiable computation via ZKPs.
Non-Custodial Trading: Users trade directly from their wallets, mitigating risks tied to centralized custodians.
ZK-Encrypted Accounts: Protect sensitive trading data like position size, PnL, and liquidation points from being publicly visible.
Cross-Chain Compatibility: Seamlessly supports Ethereum, Arbitrum, Optimism, and other EVM chains without manual bridging.
📊 Trading Capabilities
Paradex currently supports 361+ markets, with a daily trading volume exceeding $XXX million, peaking at $XXX million earlier this year.
Key features include:
Unified Margin System across spot, perps, and options.
Retail Price Improvement (RPI) orders, offering fills within tight CEX spreads.
High Leverage on Options, without liquidation risks (though higher funding costs apply).
TradingView Integration, complete with open order lines and analytics tools.
Minimum order size for top pairs like BTC-USD-PERP and ETH-USD-PERP is $XXX.
Ecosystem and Incentives
💰 $DIME Token
Paradex’s native token, $DIME, has yet to launch but is expected to play a major role in ecosystem incentives and governance.
🏆 XP System
Active users earn XP (Xperience Points) by trading, depositing into the Paradex wallet, or participating in events like XP Warzone. XP is widely speculated to be tied to an eventual airdrop.
Example: Trading new listings within XX hours earns XXX XP.
Financial Metrics (as of July 2025)
According to DeFiLlama:
TVL: $XXXXX million
24H Volume: $XXXXXX million
30D Volume: $XXXX billion
Cumulative Perp Volume: $XXXXX billion
Open Interest: $XXXXX million
Annualized Fees: $XXXX million
24H Fees: $XXXXXX
Security and Transparency
Paradex places a premium on trustless operation:
Open-source, audited contracts
State diffs published on-chain for full visibility and reconstructability
Smart contract risks include:
There is no exit window during contract upgrades
No forced transaction inclusion if the sequencer halts or censors
Wallet and Chain Integration
Paradex supports a wide range of wallets, including
MetaMask, Trust Wallet, Bitget Wallet, Binance Web3,Uniswap Wallet
It is integrated with over XXX blockchains and relies on Pyth Network for decentralized price feeds.
History and Backing
Paradex originally launched in 2018 as a peer-to-peer ERC-20 DEX and was acquired by Coinbase to enhance its wallet-to-wallet trading services. After evolving through several iterations, the Paradex Foundation relaunched it in 2023 as a fully non-custodial, ZK-powered derivatives exchange.
Its current backers include:
Paradigm, Coinbase Ventures, Blockchain Capital, Fenbushi Capital, Augment Partners,Ault Krug Partners
Why Paradex Matters
In a post-FTX world, Paradex offers something rare: a platform that combines CEX-level performance, DEX-level trust, and a compelling incentive model for early users.
Key reasons to watch Paradex:
Less than XXXXXX active wallets could be something in terms of reward.
Zero custody risk
High-volume, pro-grade trading tools
XP farming opportunities
No, KYC. No friction. Just connect and trade.
XXXXX engagements
Related Topics caldera kaitoai futures yappers the project bera $dave