Paradex

Exchange record

Starknet appchain-based decentralized derivatives and spot exchange whose beta mainnet launched in February 2024. Paradex remained active after a January 2026 database-migration and pricing-data error caused unintended liquidations, a chain rollback, and refunds.

DEXActive

Also known as: Paradex Exchange, Paradex DEX

Registry sequence

← PancakeSwap

Paribu →

Key facts

Launch date

2024-02-01

Death date

—

Years

2024–—

Origin

Starknet ecosystem

Confidence

high

Last verified

2026-06-26

URL handling

Preferred action

Use current URL handling based on status below.

URL status

Live verified

Original URL

https://www.paradex.trade/

Archived URL

View archived site

Summary

Timeline

Paradex beta mainnet launched in February 2024

2024-02-01launchedmedium

Paradex's official retrospective identifies February 2024 as the beta mainnet launch period for its Starknet appchain-based decentralized exchange.

Paradex pricing glitch triggered mass liquidations

2026-01-19trading_haltedcritical

A database migration / pricing-data error on Paradex briefly priced BTC at zero during maintenance, triggering mass unintended liquidations across perpetual markets.

Paradex performed a chain rollback

2026-01-19othercritical

Paradex rolled back chain state to a prior block after the pricing-data incident, a rare and controversial response to a technical failure in a decentralized perpetuals platform.

Paradex refunded affected users after the rollback incident

2026-01-23othermedium

Paradex said it refunded about USD 650,000 to around 200 users after the maintenance-related bug and unintended liquidations.

Evidence

Paradex's free bitcoin pricing glitch triggers mass liquidations, forces rollback

The Block2026-01-19news_articlehigh reliabilityeventarchive

Paradex refunds $650K to 200 users after maintenance bug triggers liquidations

Cointelegraph2026-01-23news_articlehigh reliabilityeventarchive

Bitcoin Price Crashes to Zero on Paradex Exchange as Glitch Fuels Mass Liquidations

Yahoo Finance2026-01-19news_articlemedium reliabilityeventarchive

Introducing DIME: the Native Token of the Paradex Network

Paradex Foundation2024-12-17official_bloghigh reliabilitylaunch_datearchive

What is Paradex?

Paradex—official_statementhigh reliabilityentityarchive

Paradex Zero Fee Spot Trading Goes Live

Paradex2026-02-17official_bloghigh reliabilitystatusarchive

Related records

DEX

DEX

DEX

DEX

Notes and record state

Record note

February 1 is used as a month-level marker because Paradex's official materials identify the beta mainnet launch as occurring in February 2024 without one definitive public launch day. Earlier closed-beta activity in 2023 is treated as pre-public launch. Existing January 2026 pricing-error, rollback, and refund events are not duplicated.

Revision state

Records may be incomplete, approximate, contested, or revised as better evidence becomes available.

This record may be incomplete or revised. Dead-side entries prefer archived URLs over original domains. Dates, causes, and classifications may change when stronger evidence becomes available. Contact / corrections

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