According to Planet Daily, the decentralized perpetual contract trading platform Paradex announced that its Open Beta has been launched on the mainnet. In July 2023, the cryptocurrency institutional liquidity platform Paradigm incubated the application chain Paradex on Starknet. Paradex is a hybrid derivatives exchange that combines the liquidity of Paradigm with the transparency and self-custody of DeFi, operating as its own chain based on the Starknet developer stack.