Paradex is a perpetuals exchanged built on a Starknet appchain optimized for truly open finance.
Backed by Jump and Dragonfly, they are well-positioned to dominate a weak perpetuals space on Starknet.
Through putting everything onchain while still providing a sleek experience, Paradex is effectively trying to create an onchain Binance.
Paradex has been live for a year, and while 24HR volume has consistently been signific
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great article 🙏.
eager to better understand your confidence in starknet attracting more users. is this primarily based on bitcoin's op_cat activation? or do you think starknet usage will grow significantly even without it? if so, why?
regarding op_cat, could you share your main sources of information? i feel like op_cat really could be a game changer for starknet as they're positioned to gain the most out of anybody once this gets activated. the other side of the coin of op_cat optimism is the following - i've attended a few of the laser eyes conferences recently and op_cat hasn't even made it to event agendas. op_cat might expect significant opposition as many bitcoin og-s don't feel great about what happened downstream of taproot activation. this being said, building confidence in op_cat activation earlier than others could be decent alpha going into q4.
the other thing i've been thinking about regarding starknet is i really feel like they would benefit from running a second airdrop to help re-build ties with crypto natives. it's not really a matter of handing out free money, but more like a serious acknowledgment that perhaps some things didn't go as planned in their earlier stages. what probability would you assign for starknet engaging in some sort of reconciliatory activity with the community over the next few quarters?