KiloEx, a derivative trading platform launched at the end of 2023, has shown significant recovery over the last two months following a period of consolidation. The platform's total value locked (TVL) stands at $24.31 million, nearing its record high of $24.45 million set in August. This represents a 40% increase in TVL over the past two months.

KiloEx specializes in on-chain trading of perpetual contracts, allowing users to trade Bitcoin and altcoin perpetuals with up to 100x leverage. The platform operates on a multi-chain infrastructure, supporting BNB Smart Chain (BSC), Manta, BSquared, Taiko, and opBNB.

opBNB, a high-performance scaling solution for the BNB Chain, accounts for 70% of the platform’s liquidity with over $17 million in TVL. USDT is the most deposited token, making up over 83% of the total deposits. The average annual percentage yield (APY) for BEP-20 USDT deposits is 8.5%, while Manta-based USDT deposits offer approximately 9.4%, and BSquared USDT deposits exceed 45%.

Despite the diverse range of trading products and high leverage, the number of active users has been declining recently, following a peak of over 25,000 in mid-July.