ChainCatcher News: Paradex has officially announced that its native token $DIME token generation event (TGE) is coming soon.
Key data since launch:
- Total trading volume exceeds $250 billion
- Open contracts approximately $550 million
- Users over 75,000
- Peak daily trading volume exceeds $3 billion
- $DIME will be listed on Paradex spot market and serve as the native Gas token for Paradex Chain, with the platform conducting buybacks based on market conditions.
According to Messari, token distribution is as follows:
- 25.1%: Core contributors
- 25.0%: Community airdrops (fully unlocked at launch)
- 21.6%: Ongoing community rewards
- 13.4%: Paradigm shareholders
- Remaining: Foundation, liquidity programs, and future contributors
Paradex, developed by the Paradigm team, is an institutional-grade crypto derivatives liquidity network with a total trading volume exceeding $1 trillion. The platform operates an on-chain perpetual swap exchange, utilizing a Layer 2 settlement model with off-chain centralized limit order books and zk-STARK security guarantees.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Over $572 Million in Crypto Token Unlocks Expected Across SOL, WLD, DOGE, and More
Over $572 million in token unlocks is set for March 2–9, with HYPE, SOL, WLD, DOGE, and ENA among the scheduled releases.
HYPE leads by value with a $316.64 million unlock, while SOL faces $39.87 million and WLD is set for a $14.33 million release this week.
Crypto markets are preparing for
CryptoNewsFlash1h ago
SoFi and Mastercard collaborate to support the settlement of SoFiUSD stablecoin on the global payment network
The first nationwide licensed bank in the United States to offer Bitcoin trading, SoFi, plans to launch SoFiUSD as a settlement currency through Mastercard. The Galileo technology platform will provide this settlement option to customers, and both parties will also explore the interoperability applications between stablecoins and fiat currencies.
GateNews4h ago
Pi Network mainnet supply exceeds 9 billion coins! 50 million Pi coins are mapped daily to accelerate migration
Pi Network has made significant progress recently, with the total Pi coins in the mainnet wallet surpassing 9 billion, and approximately 50 million coins being mapped to user accounts daily. Meanwhile, the KYC verifier reward mechanism has entered the final testing phase and is expected to launch by the end of March. These developments will lay the foundation for a practical blockchain economy within the ecosystem.
GateNews9h ago
