Paradex overview: volume, RPI, private Starknet appchain and roadmap
Thread220 words
Profiles Paradex as the only major perp DEX built with privacy as a core principle, with zero fees, RPI and institutional backing, and announces an A1 research series on it.
Key claims
>$10B volume in 7 days and >$34B in 30 days at almost $800M OI
First private production Starknet appchain
Perpetual options and universal margin coming
Paradex:
- Generated >$10B in volume in past 7 days (>$34B in 30D) at almost $800M OI.
- Is aiming to reshape perp DEX market microstructure, bringing to market a feature called "retail price improvement", aka RPI system (that Binance is already copying), while allowing users to trade with 0 fees.
- Is the first (private) production @Starknet appchain, built on a battle-tested, highly scalable and expressive technology stack (using SN stack + Cairo is great for complex financial applications).
- Is the only major perp DEX built with PRIVACY as a fundamental principle in mind, rather than an optional feature.
- Has dozens of live perp markets, perpetual options and universal margin coming up, and much more.
- Backed by @tradeparadigm and run by a veteran team led by @fiddybps1, is primed to service the institutional market.
- Has shipped relentlessly throughout 2025 (see attached image).
Why I'm saying all of this?
Because we have an in-depth research series on @paradex coming on @a1research__ that is kicking off as soon as this week.
First up: a piece on how Paradex enables private trading at institutional scale.
Stay tuned anon and make sure to follow A1 to catch the upcoming alpha.
Also worth noting:
x.com/WhaleInsider/status/2010341857000305125
And for reference, our CLOB season report on @paradex from a few months ago:
x.com/a1research__/status/1974168808903311846
3 images on X
What came next · since 12 Jan 2026
Since then
Zero has written 2 more pieces on Paradex since this one.