Paradex says the Token Generation Event for its native token, $DIME, is expected soon, setting up the next stage of the exchange’s rollout. Based on research cited from Messari, the token is set to launch on Paradex’s spot market and will function as the native gas token for Paradex Chain.
The exchange attached the announcement to a set of operating metrics. Paradex says its on-chain perpetuals venue has processed more than $250 billion in cumulative volume, carries roughly $550 million in open interest, serves over 75,000 users, and has recorded peak daily volume above $3 billion. Those figures put the upcoming token launch against an already active derivatives platform.
Offchain order matching, onchain settlement backed by zk-STARKs
Paradex was built by the team behind Paradigm, described in the source material as an institutional crypto derivatives liquidity network that has handled over $1 trillion in trading volume. That origin shows up in Paradex’s emphasis on execution quality, capital efficiency, and market structure.
Its setup combines an offchain central limit order book, or CLOB, for matching with settlement on a high-throughput Layer 2 appchain secured by zk-STARK proofs on Ethereum. The platform also uses the Starknet stack. The stated goal is clear: keep the speed and efficiency traders expect while preserving self-custody.
Privacy is another core part of the design. On transparent blockchains, position sizes and liquidation levels can often be inferred or viewed directly. Paradex says it encrypts sensitive state data before settlement and relies on zero-knowledge proofs to verify correctness, while detailed account-level information is limited to verified users.
$DIME tokenomics include airdrops, XP allocations, and performance-based unlocks
Messari’s breakdown shows 25.1% of $DIME allocated to core contributors, 25.0% to a community airdrop, 20.0% to Season 2 XP holders, and 5.0% to Pre-Season and Season 1 XP holders, with those portions fully unlocked at launch. The remaining allocations include 21.6% for ongoing community rewards, 13.4% for Paradigm shareholders, 10.4% for preferred equity investors, 1.0% for common equity holders, 2.0% reserved for Paradigm’s balance sheet, 6.0% for the foundation budget, 5.0% for liquidity programs, and 3.9% for future core contributors and advisors.
The unlock design is not uniform. Of the tokens allocated to core contributors and Paradigm shareholders, 80% are tied to performance-based conditions. The other 20% follow a time-based vesting schedule, with 25% of that portion unlocking one year after listing and the rest vesting monthly over the next 36 months. Tokens allocated to preferred equity investors begin a 12-month linear unlock one month after listing.
Retail fee policy and broader market expansion plans
Paradex says the exchange includes zero trading fees for retail users, Retail Price Improvement flow segmentation, a no auto-deleveraging risk model, and onchain vault infrastructure built for yield strategies. The platform currently supports more than 100 markets.
The company also says it plans to expand beyond perpetual futures into spot trading, options, and real-world asset products. In that framework, $DIME is positioned as more than a listing event; it is meant to sit at the center of economic coordination and value accrual across the broader network. Paradex added that more details on timing and listing specifics are expected in the coming days.