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
Anchorage Digital Submits GENIUS Act Comment, Plans USDPT Stablecoin With Western Union
According to Foresight News, Anchorage Digital Bank has submitted a comment letter to the U.S. Office of the Comptroller of the Currency (OCC) on the proposed GENIUS Act rules. The federally regulated stablecoin issuer plans to launch a fourth stablecoin, USDPT, in partnership with Western Union. An
GateNews11m ago
Cryptocurrency infamy comes from a scam-style token launch! New take on an old term: TGE is Team’s Gonna Exit
In an interview with “When Shift Happens,” Anand Gomes criticized TGE tools that have become a way for teams to exit the market, and argued for rebuilding tokenomics with transparency, alignment, and governance (TAG): 80% of team tokens are tied to performance-based milestones, with detours like derivatives and OTC disabled; Paradex focuses on Ethereum, emphasizing privacy and decentralized governance. Bear markets don’t change the focus on building—at the core is the product and value.
ChainNewsAbmedia7h ago
Top 7 Token Unlocks Scheduled for May with $RAIN Leading at $397.51M
Gate News message, seven major token unlock events are scheduled for May. $RAIN leads with the largest unlock valued at $397.51M, followed by $PYTH at $100.16M and $ZRO at $36.78M. Other significant unlocks include $STABLE at $29.44M, $ADI at $28.41M, $PIEVERSE at $26.97M, and $H at $20.18M.
GateNews10h ago
Tether Buys 6+ Tons of Gold in Q1, Reserves Hit $19.8 Billion
According to its quarterly report, Tether Holdings SA purchased more than six tons of gold in the first three months of 2026, bringing its total bullion reserves to $19.8 billion at the end of March. The reserves equate to approximately 132 tons of gold based on spot prices, making Tether the
GateNews12h ago
MegaETH's MEGA Token Debuts With $1.5B Valuation, $490M TVL Flips Monad
According to Decrypt, MegaETH launched its native MEGA token on Thursday morning, achieving a $1.5 billion fully diluted valuation at debut. The Layer-2 network's TVL surged to $490 million, surpassing Monad to become the leading DeFi chain by this metric.
Participants in the 2025 ICO saw approxima
GateNews14h ago
Benchmark Defends Strategy's STRC Bitcoin Accumulation Model
Benchmark analyst Mark Palmer defended Strategy's STRC preferred stock model against critiques framing it as a "circular" Ponzi scheme structure in a Wednesday report, arguing such characterizations "mischaracterize" how the company raises and deploys capital. According to Palmer's analysis, STRC
CryptoFrontier15h ago
