Paradex

Paradex is a perpetual DEX built on Starknet and backed by Paradigm, one of crypto's most prominent investment firms. Launched in April 2024, it combines centralized exchange performance with fully self-custodial trading, leveraging STARK proof technology for settlement.

The platform runs a full central limit order book with 93 markets, up to 20x leverage, and zero fees for both makers and takers — a fee structure enabled by Paradigm's long-term investment thesis in the protocol. USDC serves as the sole collateral type with 1-hour funding intervals.

Paradex distinguishes itself through its institutional pedigree and technical foundation. Starknet's STARK proofs provide mathematical certainty of correct execution, offering stronger security guarantees than optimistic rollups. The platform aims to deliver CeFi-grade UX while maintaining full DeFi self-custody.

The DIME token launched in March 2026 with a 51.6% community allocation. The XP reward system (currently in Season 3) distributes 4 million XP per week, incentivizing trading, liquidity provision, quests, and trading streaks. Points are distributed every Friday, rewarding consistent platform engagement.

Paradex targets traders who want institutional-quality infrastructure without sacrificing self-custody. Its Paradigm backing provides confidence in long-term development, while Starknet's proof system offers a distinct security model compared to other L2-based DEXes.