Paradex exchange overview
Decentralized (DEX). Country Singapore. Established 2023.
Coverage: 134 active pairs across 134 tradable assets. Liquidity profile: Moderate. Concentration: Diversified. Execution quality: Competitive. Key pairs include PAXG/USDC, BTC/USDC, ETH/USDC, SOL/USDC.
What the key metrics mean
Volume mix: USDC is the largest tracked quote currency at about 100.0% of measured flow. Trust rank is best read as a positioning cue, and 24h BTC volume complements it with recent activity scale. Coverage captures breadth across pairs and assets, which affects how resilient liquidity can be under changing demand. Concentration helps explain whether liquidity is diversified or tied to a handful of dominant pairs. Median spread captures the common bid ask distance on top books and helps set expectations for market orders and tight limits. When comparing venues, weigh breadth, concentration, spreads, and the key pairs list to match the venue to your execution style.
Editorial note: This analysis was prepared by the YearBull research team under the direction of Alan Zelvin, Founder and Lead Crypto Researcher. The assessment follows YearBull’s internal research methodology and editorial standards. Methodology · Editorial Policy