DeFiLlama: Paradex TVL dropped to about $23 million from its January peak, DIME market cap is only about $2.21 million

Wu told us that, according to DeFiLlama data, in the months after the token was launched, Paradex TVL, the derivatives protocol, has crashed from the late-January peak of $223 million to only slightly above $23 million currently. In addition, Paradex fees in the past 24 hours are just $452. Moreover, the current market cap of the Paradex token DIME is only about $2.21 million, and the 24-hour trading volume is less than $2,000.
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GateUser-14d03834
· 2h ago
With the derivatives track being this competitive, it's indeed hard for Paradex to survive without differentiation.
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GateUser-170ee8b1
· 3h ago
The tokenomics design has issues, and all the selling pressure is placed on early users.
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Lime-ColoredStop-LossLine
· 3h ago
Starknet ecosystem is generally sluggish, and Paradex is just a microcosm.
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OneMoreReorg
· 3h ago
The 24-hour trading volume is less than $2000, and liquidity has dried up.
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ThePatienceRequiredFor
· 3h ago
Paradex’s data is so bad—its TVL has been cut down to the ankles directly.
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