Paradex today officially announced the successful conclusion of XP Season 2, marking a significant step forward for the platform toward the upcoming DIME Token Generation (TGE) event.
To continue its commitment to trader-first incentives, Paradex has confirmed that it will airdrop 25% of the total DIME supply after full dilution to all XP holders at TGE, with the tokens fully unlocked at issuance.
To significantly increase rewards for the community, Paradex also announced that second-quarter XP holders will receive 20% of the total token supply, up from the originally planned 15%. This move further reinforces the platform's long-term focus on rewarding active participation in ecosystem building.
DIME's TGE is currently scheduled for the period following the Chinese Lunar New Year holiday, in late February or early March. The specific date will be announced by the Paradex Foundation at a later date.
XP Quarter 2: Significant Growth and Final Week Distribution
The second quarter of XP was a period in which Paradex achieved significant growth across its core protocol metrics:
Daily trading volume increased from $68 million to $2.1 billion (a 31-fold increase).
• Open interest increased from $28 million to $679 million (a 24-fold increase).
• Total value locked increased from $25 million to $218 million (a nine-fold increase).
The total number of users increased from 4,100 to 70,300 (a 17-fold increase).
In the final week of the quarter (January 23 to January 29), Paradex distributed 6 million XP directly to active user wallets and allocated additional rewards through referral codes and affiliate programs.
In the final week, users who had over 25,000 XP accounts also received an exclusive BadgerBox airdrop.
The final snapshot of the alternate list is scheduled to be taken at 00:00 UTC on January 31.
DIME Airdrop Allocation Details
Paradex confirmed the following allocation structure for $DIME during TGE:
• 25% of the total supply is allocated to all XP holders (fully unlocked)
• 20% is specifically allocated to Season 2 XP participants (up from 15%)
• 5% reserved for XP holders from the previous quarter and the first quarter (unchanged)
By dedicating half of its token supply to user rewards and participation incentives, Paradex continues to build a trading platform centered around long-term ecosystem co-construction.
Token generation event details
• Token: DIME
• Time: After the Lunar New Year
• Target window: the last week of February or the first week of March
Initial listing: Paradex spot market
• Issuer: Paradex Foundation (Specific date to be announced)
XP Season 3 will launch on February 1st.
Looking ahead, Paradex announced that XP Q3 will officially launch on February 1st, shifting its focus to the next phase of ecosystem expansion, including:
Spot trading
Real-world assets (RWA) perpetual contracts
Options Market
XP accumulation will begin immediately on February 1st, and the first week of XP distribution will take place after TGE so that the team can prioritize ensuring a smooth and focused token issuance.
Paradex reiterates that the platform remains committed to transparent execution, continuous incentives for collaboration, and rewarding traders and builders who drive the long-term growth of the ecosystem.
About Paradex
Paradex is a privacy-first, zero-fee on-chain perpetual contract trading platform focused on providing high-performance decentralized trading infrastructure for cryptocurrency participants worldwide.
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