Key Metrics - June 2024

TLDR

In case you missed the updates over the course of June, here's a quick recap of this past month’s key accomplishments:

🔥 All-time highs: $30B lifetime volume, $25M OI, $15M TVL
🔑 Guardian Key; Upgraded Account Security
🎉 Held our first DeFi is Dead rave
📈 Rolled out 5 new perp listings

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Product Updates

New Market Listings

This month, we took a breather on adding new markets to work on some cool new features for you. We still managed to drop 5 fresh markets, bringing us to 55 total! We're stoked to be more than halfway to our 100-market goal by year-end.

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Crushing Milestones Together

We’ve recently hit a monumental milestone, surpassing the $30B all-time volume mark! Together with all our ongoing campaign efforts, we’ve also achieved new all-time highs in Open Interest (OI) at $25M and Total Value Locked (TVL) at $15M. These numbers aren't just stats—they represent you legends; a collective power of our amazing community. Here's to more epic achievements and unforgettable vibes! 🌟💪
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Note: Paradex is committed to being one the safest and most secure places to trade in Defi. This was a key reason for building on a Starknet Appchain which inherits the security guarantees of Ethereum. This security does come with a cost however, and Paradex covers this cost for its users. We’ve made huge strides in optimizing L1 Ethereum gas costs and as we continue to drive gas costs down we’ll lower minimum order values and add more markets 🚀

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UI/UX Optimizations

We’re all about making your trading smooth as ever. This May, we launched some slick UI/UX upgrades:

MOAR leverage for $STRK
We upped $STRK leverage from 5x -> 20x. Trade MOAAAR $STRK with less!!! 🔥One chain to rule them all!

P&L Share Cards

Now you can flex your trading gains on socials and earn those sweet bragging rights. Show off your P&L in style and let everyone know you're the boss.💪📈

Big Leverage Boost: BTC & ETH Position Limits Raised!

BTC Position Limits: We've bumped the limits from 60 to a whopping 100. More room for those big moves in the market! 

ETH Position Limits: Your ETH trades just got a major upgrade too, with limits now increased from 1000 to 2000. Get ready to scale up and seize those opportunities!
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Infrastructure Upgrades

Account Guardian Keys

At Paradex, we're all about keeping your bags safe. Check out our new Guardian & Backup Guardian features powered by ArgentX. Our 1+1/2 signature scheme gives you rock-solid security and backup options. Master the art of prepping, signing, and submitting transactions with ease. Paradex accounts, powered by ArgentX, combine owner and guardian keys for ultimate security.

Read our guide and level up your account protection! 🌟💪

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🔥 We’re also cooking up some spicy new partnerships dropping next month. Think bridges and wallets. Stay tuned, fam! 🌉💼👀

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Community

HODL Szn

Ready to up your OI game? This season, we boosted earnings from 10 to 50 points a week! Our epic Hodl Szn gave users a chance to score 5x OI points by simply holding open positions. We dished out a total of 1.4M bonus OI points, with an average of 200 users joining in weekly. Missed out? No worries, we've got more fun stuff coming your way. To those who snagged the 5x OI boost, good on ya!

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The Shizo Collective x Paradex Present: Defi is Dead

Through a series of “famously hedonistic, late night raves with fucking good techno”, The Shizo Collective, hereby known as Shizo (/ ʃˈiːzo͡ʊ / She-zoh), and Paradex are here to remind YOU what crypto is truly about - Community, Passion and VIBES. Yes, you heard that right! We threw our first party with The Shizo Collective and it was lit. 🔥If you managed to mint a secret guest pass, hold on to it—we're rolling out more perks for Shizo NFT holders. Early adopters have already scored 1,000 points! 😉

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Paradex Points

Points Recap

Our points program is buzzing with new faces on the leaderboard! A special shoutout to 0x3d61...ab12 for taking the lead with an impressive 919K points, and to Caladann, holding strong in second place with 267K points. Keep on farming those points—your grind is what keeps the community thriving! 💪🚀

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Wrapping UP

Join us on our new Paradex Homeworld on Telegram! If you haven't already joined, what are you waiting for? That wraps up June, but stay tuned for more exciting updates on the horizon. And here's a sneak peek: we're gearing up to launch a TVL and OI points campaign soon!

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