Paradex

Paradex is a high-performance crypto-derivatives exchange built as the first Appchain on StarkNet, incubated by Paradigm — the largest institutional liquidity network in crypto. The platform combines deep institutional liquidity with a self-custodial, transparent trading experience, offering perpetual futures, perpetual options, and spot trading across 250+ markets with unified margin accounts and advanced vault strategies. Running on DimeVM, its proprietary StarkNet-based Layer 2, Paradex leverages zero-knowledge proof technology for scalability and privacy. The architecture features parallelization through optimistic, conflict-aware execution to boost throughput without breaking atomicity, and account abstraction that enables gasless transactions and token-based fees. Paradex is the only perpetual DEX offering full trade privacy — orders, positions, and trades are kept confidential at scale. Since its launch in October 2023, Paradex has achieved over $36 billion in lifetime trading volume with an average daily volume exceeding $100 million. The platform offers 0% trading fees for retail users on all perpetual pairs (excluding BTC and ETH), while API traders benefit from 0% maker fees and just 0.02% taker fees. Co-founded by Anand Gomes, a traditional finance veteran from firms like KeyBanc Capital Markets and Wolverine Trading, Paradex bridges institutional-grade execution with decentralized infrastructure.

Paradex currently has $78.72M in Total Value Locked (TVL).