Paradex Confirms $DIME Token Generation Event Timeline

Paradex, a privacy-first, zero-fee on-chain perpetuals exchange, has announced the official conclusion of XP Season 2 and confirmed the timeline for the upcoming $DIME Token Generation Event (TGE). The platform will airdrop 25% of $DIME's fully diluted supply to all XP holders at TGE, with tokens fully unlocked at launch.

Season 2 XP holders will receive 20% of the total token supply, an increase from the previously planned 15%. The $DIME TGE is scheduled for late February or early March, following the Chinese New Year holiday, with an official date to be announced by the Paradex Foundation.

Season 2 Growth Metrics

XP Season 2 saw substantial growth across Paradex's key metrics: average daily trading volume rose from $68 million to $2.1 billion (31x); open interest grew from $28 million to $679 million (24x); total value locked increased from $25 million to $218 million (9x); and total users expanded from 4,100 to 70,300 (17x).

During the final week of the season (January 23–29), Paradex distributed 6 million XP directly to active user wallets, with additional rewards through referrals and affiliates. Users surpassing 25,000 XP in that week also received exclusive BadgerBox drops. A final waitlist snapshot is scheduled for January 31 at 00:00 UTC.

$DIME Airdrop Allocation

The distribution structure at TGE is as follows: 25% of total supply to all XP holders (fully unlocked), 20% reserved for Season 2 XP participants (increased from 15%), and 5% for Pre-Season and Season 1 XP holders (unchanged). With half the token supply dedicated to user rewards, Paradex emphasizes long-term ecosystem alignment.

Token Generation Event Details

• Token: $DIME
• Timing: After Chinese New Year
• Target Window: Last week of February or first week of March
• Initial Listing: Paradex Spot Markets
• Issuer: Paradex Foundation

XP Season 3 Launch

Paradex also announced that XP Season 3 will begin on February 1, shifting focus to spot trading, real-world asset (RWA) perpetuals, and options markets. XP accumulation starts immediately, but the first weekly distribution will occur after TGE to prioritize a smooth token launch.