dime

#1168

Paradex

DeFi+1 · Derivatives+2

dime#1168

Mcap$7.53M

$0.04165.09%

Overview Markets News Fundraising More

Low Volume

Spot Volume (24H)

$21,337-31.04%

Marketcap

$7.53M

FDV

$41.58M

Mindshare

Very Low

Circ. Supply

181.1M

Max Supply

1.0B

Mcap/FDV

18.11%

Total Supply

1.0B

Sector Ranking

#228

Paradex, a crypto-derivatives exchange launched on Starknet's first Appchain, offers perpetual futures trading with deep liquidity, capital efficiency, and performance while ensuring transparency and self-custody. The collaboration between Paradex and StarkWare demonstrates the power of Starknet for high scale and low-cost applications that require custom specifications while maintaining decentralization and self-custody. Starknet Appchains allow for scaling and customization without relying on others' protocols, benefiting from Ethereum-grade security and decentralization. Paradex leveraged STARK technology and Cairo to build a customized Appchain for their derivative exchange needs.

Sector

DeFi

Sector Rank

#287, #228

Sub-Sector

Derivatives

Sub-Sector Rank

#13, #50, #55

Contracts

API ID

Social

Content

Block Explorer

Resources

Anand Gomes

Co-Founder & CEO

Lifetime Price Performance -3.83%

All Time High

$0.0820-49.26%

Oct 11, 2026

Cycle Low

$0.0345+20.62%

Oct 25, 2026

First Trade

Mar 13, 2026 on

Uniswap V4

dime Chart

All Charts

$0.0416

5.18% Past Month

Price

$0.04165.18%

Mindshare

0.00084%111.64%

dime

More Charts

Spot Volume (24H)

$21,337-31.04%

Marketcap

$7.53M

Mindshare

Very Low

All News

Create Your Own Report

Last Updated: Oct-27-2026 8:24 UTC

Paradex Project Update

Get Caught Up

Privacy Perps Go Live on Mainnet Paradex implemented end-to-end privacy for all position and account data on its Mainnet via the Paradex Chain v0.14.1 upgrade, rendering account states invisible to unauthenticated observers on both the L2 and L1 layers 1 2. On the L2, privacy is enforced through custom RPCs (remote procedure calls) that only reveal private data to the account owner upon signature-based authentication, while on Ethereum (L1), state differences are encrypted before being posted and verified by ZK proofs 1 2. This matters because it delivers centralized-exchange-equivalent privacy while preserving self-custody, a critical feature for institutional adoption 1 2.

Chain v14.0 Upgrade and 100x Scaling Paradex upgraded to Chain v14.0 and implemented a new prover, achieving 100x scaling capabilities with reduced latency to handle high volatility 3 4. The upgrade was accompanied by a complete UI overhaul targeting professional traders, while the platform maintained its zero-fee structure enabled by the RPI (Retail Price Improvement) model 3 4. Eli Ben-Sasson, co-founder of Starknet and Zcash, emphasized that ZK Starks are the necessary foundational technology because they alone can provide both privacy and resilience against future quantum computing threats 3 4.

The "DeFi Supercenter" Thesis and RPI Validation A Council of Dime TV episode featuring Paradigm/Paradex and Delphi Digital centered on the "DeFi Super Center Thesis," highlighting Binance's adoption of Retail Price Improvement (RPI) as validation of Paradex's model where fees reflect flow toxicity, benefiting retail traders 5. Paradex aims to become the "Liquidity Hyperscaler"—the on-chain equivalent of Wall Street—by consolidating spot, options, perps, and lending into a unified margin account 5. The team also emphasized long-term community retention via delayed Token Generation Events (TGE) over short-term farming hype 5.

Biggest Stories of 2025

Privacy Perps Go Live on Mainnet: Paradex implemented end-to-end privacy for all position and account data via the Paradex Chain v0.14.1 upgrade, with encryption enforced at the Paradex Cloud, L2 chain, and L1 Ethereum layers, and decryption keys held by the Paradex Privacy Council as an escape hatch for state recovery 1 2. (December 15, 2025)
Juno v0.15.16 Release: Nethermind released Juno v0.15.16, which fixed a possible database issue related to migrations in the Paradex network and data reads 6. (December 11, 2025)
Wall Street Veteran Launches Paradex: Rob Shearer, formerly of Goldman Sachs, launched Paradex, a trading layer incubated by Paradigm, aiming to provide institutional-grade decentralized trading with self-custody following the FTX collapse 7. The platform stress-tested its infrastructure during a market crash, maintaining 100% uptime during high liquidation volumes 7. (November 27, 2025)
Privacy Interview with Eli Ben-Sasson: Eli Ben-Sasson discussed the critical role of privacy in future financial systems in an interview centered on Paradex, highlighting the Chain 14.0 upgrade, new prover, and plans for an alpha release of full order and position privacy in mid-December 3 4. (November 26, 2025)
The DeFi Supercenter Episode: A Council of Dime TV episode featuring Paradigm/Paradex and Delphi Digital explored the "DeFi Super Center Thesis," Binance's RPI adoption, and Paradex's ambition to become the "Liquidity Hyperscaler" 5. (November 20, 2025)
Paradex vs. Extended Fee Debate: A debate between Paradex CEO Anand "Fiddy" and Extended CEO Ruslan on optimal fee structures for perpetual DEXes, with Fiddy advocating a zero-fee model for takers to disrupt centralized exchanges 8. (November 14, 2025)