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Paradex: score, security record and what it is for

64/100SCORE · CTrusted Grade C, fair

Paradex offers cross margined perpetuals and options on its own Starknet rollup, with institutional heritage and no exploit on record. Liquidity trails Hyperliquid substantially.

The facts

LIVE SINCE: 2023
TYPE: Perpetuals orderbook
CHAINS: Paradex L2 on Starknet
SWAP FEE: Around 0.03 percent taker.
AUDITS: Audited.
WHO CAN CHANGE IT: Operated by Paradigm, with a token.

How the score breaks down

security20/30

liquidity12/25

chains9/15

costs14/15

decentralisation9/15

Where it is strong and where it is not

✓ Strengths

Cross margin across perpetuals and options
Institutional heritage
No exploit on record
Low fees

✗ Weaknesses

Thin liquidity against Hyperliquid
Own rollup
Not a beginner venue

Exploit history

No exploit of the core contracts on record.

Our read

Solid engineering with institutional roots and a clean record, in a category Hyperliquid currently dominates on volume.

BEFORE YOU SWAP

Swap keeps failingSlippage, approvals, taxes and thin liquidity. Revoke approvalsEvery swap leaves a permission behind. Clear them. Gas tokensWhy you need the chain's native coin first. Pick a walletYou need self custody before you can use any DEX.

RISK WARNING Crypto assets are highly volatile and largely unregulated. You can lose everything you put in. Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.