Paradex Teases Launch of DIME, Steps Up Push Into Institutional On-Chain Perpetuals

Paradex, an institutional decentralized perpetual futures exchange (Perp DEX), said on the 3rd that it is accelerating ecosystem expansion ahead of the launch of its native token, “DIME.”

In recently released materials, Paradex pointed to key business metrics and indicated it has begun a strategic pivot centered on the DIME token generation event (TGE). The company is focusing on minimizing the disclosure of trading information—an issue that institutional investors are particularly sensitive to—in an on-chain environment. To address the structural limitation of blockchains, where position sizes and liquidation levels can become publicly visible, it said it has built a confidentiality-focused architecture and a self-custody-based infrastructure.

On market structure, the platform is prioritizing better execution quality and reducing adverse trading conditions by introducing a zero-fee policy for retail users, not applying auto-deleveraging (ADL), and adopting a price-improvement (RPI) mechanism. It currently supports more than 100 markets and up to 50x leverage, and aims to provide institutional-grade liquidity and a trading environment even on-chain.

Performance metrics have also been expanding. Since its mainnet launch in February 2024, cumulative trading volume totaled about $251.8 billion as of Feb. 21, 2026. Open interest (OI) stood at roughly $550 million, and total value locked (TVL) was tallied at more than $160 million. Total sign-ups have surpassed 70,000, and there have recently been days when daily trading volume exceeded $3 billion.

DIME is the native token of the Paradex chain and is expected to serve as a core asset linking network utility with participant incentives across an on-chain financial ecosystem that will expand into spot trading, options and real-world assets (RWA). The company said DIME will represent more than a simple exchange token, symbolizing the broader expansion of on-chain derivatives infrastructure.

Paradex is a project incubated by the team behind Paradigm, an institutional crypto derivatives liquidity network, and raised $35 million in a Series A round led by Jump Capital and Alameda Ventures in 2021.