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      Paradex Options Open Interest Surpasses $250 Million Following Paradigm Integration

      Paradex, a decentralized derivatives exchange operating on Starknet, has achieved a significant milestone by surpassing $250 million in options open interest. This surge was primarily fueled by the platform's recent integration with Paradigm's request-for-quote (RFQ) liquidity network, which went live around September 15, 2026. In just four days following the integration, options open interest increased by 2.6 times, reaching $202 million before continuing to rise past the quarter-billion mark by late September.

      The integration with Paradigm has allowed traders to execute multi-leg options strategies on-chain for the first time on Paradex. Daily notional options volumes have stabilized between $14.5 million and $17.6 million, with a notable record single ETH options trade executed at a value of $15.76 million. This trade's premium-to-notional ratio was reported to be lower than typical rates on Deribit, a centralized exchange that dominates the crypto options market.

      Since its mainnet launch in February 2024, Paradex has processed over $250 billion in perpetual futures volume. However, the platform's perpetuals business has experienced volatility, with open interest peaking between $500 million and $800 million at the beginning of 2026 before dropping to approximately $10 million to $20 million recently. The recent options milestone marks a significant shift in the platform's focus, as options now represent the majority of its total open interest, contrasting with its earlier emphasis on perpetual contracts.

      Paradex's innovative approach to liquidity acquisition through Paradigm's established network has allowed it to bypass the challenges of building an on-chain order book from scratch. The platform benefits from low gas costs due to Starknet's Layer 2 technology, while also providing privacy features through zero-knowledge proof technology, which is particularly appealing to institutional traders concerned about market visibility.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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