Paradex, a privacy-first decentralized perpetuals exchange, has officially concluded its XP Season 2 and confirmed the timeline for its upcoming $DIME Token Generation Event (TGE). The event is scheduled for late February or early March 2026, following the Chinese New Year holiday, with the exact date to be announced by the Paradex Foundation.
The platform revealed a significant expansion of its community airdrop allocation. A total of 25% of $DIME's fully diluted supply will be airdropped to all XP holders at the TGE, with tokens being fully unlocked at launch. Furthermore, the allocation specifically for Season 2 XP participants has been increased from the initially planned 15% to 20% of the total token supply. An additional 5% is reserved for Pre-Season and Season 1 XP holders.
This means half of the entire $DIME token supply is dedicated to user rewards and participation. The announcement underscores Paradex's commitment to aligning incentives with its user base. A final waitlist snapshot for the airdrop is scheduled for January 31 at 00:00 UTC.
The conclusion of XP Season 2 marks a period of explosive growth for the platform. Key metrics saw dramatic increases: average daily trading volume surged 31x from $68 million to $2.1 billion, Open Interest grew 24x from $28 million to $679 million, Total Value Locked rose 9x from $25 million to $218 million, and the total user base expanded 17x from 4.1k to 70.3k users.
During the final week of Season 2 (January 23-29), Paradex distributed 6 million XP directly to active users, with additional rewards via referral and affiliate programs. High-achieving users also received exclusive BadgerBox drops.
Looking forward, XP Season 3 is set to launch on February 1. The new season will shift focus towards ecosystem expansion, including the introduction of spot trading, Real-World Asset (RWA) Perpetuals, and options markets. XP accumulation will begin immediately on February 1, though the first weekly distribution will occur after the $DIME TGE to ensure a smooth token launch.
The $DIME token is slated for an initial listing on Paradex Spot Markets. The platform reiterated its focus on transparent execution and rewarding the traders and builders within its ecosystem.
