Paradex Expands $DIME Airdrop to 25% After XP Season 2 Growth

The conclusion of XP Season 2 represents a period of transformative expansion for Paradex, as detailed in the platform’s announcement. Key performance indicators saw exponential increases, underscoring rapid adoption. Average daily trading volume surged from $68 million to $2.1 billion, a staggering 31-fold increase. Open Interest, a critical metric for derivatives platforms, grew 24 times from $28 million to $679 million. Total Value Locked (TVL) on the protocol rose 9 times to $218 million from $25 million, while the user base expanded from 4,100 to over 70,300 participants, a 17x growth.

This period of hyper-growth was capped with a final week of intensive reward distribution. From January 23 to January 29, Paradex allocated 6 million XP directly to active user wallets, with additional rewards funneled through referral and affiliate programs. High-achieving users who surpassed 25,000 XP during this final week were granted exclusive BadgerBox drops. A final waitlist snapshot is scheduled for January 31 at 00:00 UTC, solidifying the participant list for the impending airdrop.

In a significant strategic shift emphasizing ‘trader-first incentive alignment,’ Paradex has substantially revised the $DIME token distribution. The platform confirmed that 25% of the token’s fully diluted supply will be airdropped to all XP holders at the TGE, a notable increase from earlier communications. This allocation will be fully unlocked upon launch, providing immediate liquidity and ownership to the community.

Delving deeper into the allocation breakdown, Paradex revealed that participants from the highly successful Season 2 will receive 20% of the total $DIME supply, increased from a previously planned 15%. An additional 5% is reserved for holders from the Pre-Season and Season 1. Cumulatively, this means half of the entire $DIME token supply is dedicated to user rewards and participation, a move that firmly positions Paradex as a platform built around long-term ecosystem alignment rather than speculative launch dynamics.

The $DIME Token Generation Event, issued by the Paradex Foundation, is targeted for the last week of February or the first week of March, immediately following the Chinese New Year holiday. The token will receive its initial listing on Paradex’s own spot markets, with the official date to be announced by the foundation.

With the TGE on the horizon, Paradex is not pausing its momentum. The platform announced that XP Season 3 will launch on February 1, signaling the next phase of ecosystem development. The focus will expand beyond perpetuals to include new product verticals critical for a comprehensive trading platform: spot trading, Real-World Asset (RWA) Perpetuals, and options markets.

While XP accumulation for Season 3 will begin immediately on February 1, the first weekly distribution of these new XP will occur after the $DIME TGE. This staggered approach allows the Paradex team to prioritize a ‘smooth and focused token launch.’ The company reiterated its commitment to transparent execution and continued incentive alignment, aiming to reward the traders and builders who are seen as the core drivers of long-term ecosystem growth. This structured rollout underscores a calculated strategy to maintain engagement while ensuring the flagship token event proceeds without operational distractions.