Paradex's daily trading volume is now approaching $2B USD, outpacing both Hyperliquid and Lighter in the current market landscape. The perpetuals trading sector has maintained remarkably consistent high volume since September, with the chart showing a clear upward trajectory.



What's particularly striking: Paradex operates with zero perpetual fees yet still generates approximately $50k USD daily in protocol revenue. This demonstrates a compelling business model where volume scale alone can drive substantial protocol economics without relying on trading fee extraction. The sustained momentum and revenue generation underscore the platform's growing competitive position in the decentralized derivatives space.
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