The derivatives trading market in the StarkNet ecosystem has recently made a big move. According to DeFiLlama's statistics, from January 5th to 11th, the weekly trading volume of Perp DEX based on StarkNet technology architecture first surpassed $10 billion, which is a significant milestone.
Currently, the leading platforms in this track are edgeX, Paradex, and Extended. These platforms each have their own features and are competing to attract traders' attention. In terms of trading activity, StarkNet as an L2 solution continues to improve the maturity and liquidity of its DEX ecosystem.
While a weekly trading volume of over $10 billion is impressive, in the context of the entire derivatives market, it still reflects users' recognition of StarkNet platforms' efficient trading experience. As more traders enter, the competitive landscape of this ecosystem is also constantly evolving.
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PhantomMiner
· 23m ago
Hundreds of billions in trading volume sounds impressive, but it's still far behind CEX. However, you can really see StarkNet making efforts.
How to choose between edgeX and Paradex? Can any friends offer suggestions?
Breaking 100 billion is worth paying attention to; the L2 ecosystem is really gradually emerging.
Is this data inflated? You need to be cautious about trading volume.
StarkNet needs real liquidity to turn things around; just looking at trading volume isn't enough.
Paradex has been quite active recently; many people are trading there.
Liquidity improvement is a good thing, but with such fierce competition, who will survive in the future is still unknown.
A hundred billion a week is just a headline, compared to the daily trading volume of CEX, it's still a little brother.
Can this growth continue, or is it just another fleeting moment?
The StarkNet ecosystem debate is lively; it all depends on who can ultimately stand out.
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BlockchainDecoder
· 7h ago
According to research, this 10 billion data point warrants a question—can we exclude duplicate transaction volumes within a week?
From a technical perspective, StarkNet's Cairo VM architecture has clear advantages, but the liquidity competition between Paradex and edgeX is still far from being settled and warrants ongoing observation.
Wait, is reaching 100 billion worth a round of applause? When considering the entire Perp DEX ecosystem, this only represents the tip of the iceberg.
Honestly, I am more concerned about the capital efficiency of these platforms—how long can user stickiness be maintained?
Data shows that trading activity is rising, but you have to ask yourself, is this growth organic or driven by incentives?
StarkNet's L2 position is solid, but in terms of liquidity depth, there is still a gap compared to Arbitrum, so there's no need to be overly optimistic.
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NeonCollector
· 01-13 06:31
Hundred billion in trading volume sounds impressive, but can Starknet really hold up... It still feels a bit niche.
EdgeX and Paradex are fighting fiercely, but who will end up cheaper in the end?
Starknet is indeed coming on strong this time, but it depends on whether it can retain users in the future.
Hundred billion is unprecedented, but compared to CEXs, it's still a little brother.
I like this direction, just worried about capital coming in to cut the leeks.
Starknet is competing, but Arbitrum and Optimism are the real big brothers, right?
Is the trading depth enough... that’s the key.
Hundred billion in transactions... the novelty has worn off.
Increased liquidity is definitely a good thing, but the threshold is still too high.
Perp is a hot topic that all major L2s are fighting for; who will laugh last, nobody knows.
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MetaverseVagabond
· 01-12 09:05
Hundreds of billions in trading volume sounds impressive, but Arbitrum alone handles this amount every day.
StarkNet is finally showing some movement; it was almost asleep before.
It's hard to tell if edgeX and Paradex are really competing fiercely or if anyone will actually stay.
Another L2 entering the scene, the industry is getting more and more competitive.
Liquidity improvement is a good thing, but I'm worried it might just be a fleeting data spike.
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UncleLiquidation
· 01-12 09:05
Breaking 10 billion, huh? Sounds impressive, but in the entire derivatives market, it's just a drop in the bucket.
A few of those edgeX companies are really competing fiercely; liquidity still isn't deep enough.
This wave of StarkNet has gained momentum, but whether it will last depends on its future performance.
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retroactive_airdrop
· 01-12 09:01
Hundred-billion trading volume sounds impressive, but compared to CEXs, it's still just a little brother.
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StarkNet's recent momentum is good; it's finally showing some signs of progress.
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edgeX and Paradex are fighting fiercely; we're just worried that latecomers might surpass them.
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Is liquidity really improving? Or are the numbers just looking good?
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The competition in the L2 derivatives track is getting more intense; the early advantages are indeed gone.
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Is a hundred billion per week just considered news? They dare to boast about this volume.
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I'm optimistic about StarkNet in the long term, but this week's data might just be a small peak.
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Perp DEXs are competing fiercely for users; who will survive in the end is still uncertain.
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EternalMiner
· 01-12 08:57
Hundred-billion trading volume sounds impressive, but it's still a little brother in the entire derivatives market.
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edgeX and Paradex are really competing; it feels like StarkNet is finally making some progress.
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L2 liquidity still isn't deep enough; large orders are prone to slippage, which is a problem.
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Breaking 100 billion is indeed impressive, but when will it match the trading depth of CEXs?
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Another bunch of new platforms are fighting for territory; how many will survive in the end?
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With such high contract trading volume, how is the risk management being handled?
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The hype around StarkNet came too quickly; I'm a bit worried.
The derivatives trading market in the StarkNet ecosystem has recently made a big move. According to DeFiLlama's statistics, from January 5th to 11th, the weekly trading volume of Perp DEX based on StarkNet technology architecture first surpassed $10 billion, which is a significant milestone.
Currently, the leading platforms in this track are edgeX, Paradex, and Extended. These platforms each have their own features and are competing to attract traders' attention. In terms of trading activity, StarkNet as an L2 solution continues to improve the maturity and liquidity of its DEX ecosystem.
While a weekly trading volume of over $10 billion is impressive, in the context of the entire derivatives market, it still reflects users' recognition of StarkNet platforms' efficient trading experience. As more traders enter, the competitive landscape of this ecosystem is also constantly evolving.