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 significantly lower then it was this summer, TVL is climbing up.
Previously they have been restricted by Starknet unable to attract any meaningful TVL/u