TVL dropped from 223 million to 23 million, a decline steeper than my own position... Paradex's DIME now has daily trading volume under $2,000, liquidity is essentially zero, and a derivatives protocol without liquidity is a dead end.

Coin World News: The total value locked (TVL) of the derivatives protocol Paradex has crashed over the past few months after the token launch—from a peak of $223 million in late January to now only slightly above $23 million. In addition, the fees in the past 24 hours were only $452. Furthermore, the current market cap of the Paradex token DIME is approximately $2.21 million, and the 24-hour trading volume is less than $2,000.