Paradex
DIME
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
DIME (Paradex) demonstrates strong technical momentum paired with substantial centralization, liquidity, and governance risks. On the positive side, Active Development (8.5/10) is exceptionally robust, characterized by active SDK maintenance, frequent changelog updates, and active repository management. The project is backed by a credible, public team (Team and Governance: 5.5/10). However, critical vulnerabilities exist across other areas: Community Support (3.5/10) is thin with under 300 on-chain ERC-20 holders; Tokenomics (4.2/10) faces an incomplete allocation breakdown and ongoing supply overhang (~33-63% unvested/locked); and Market and Use Case (5.0/10) reflects severe secondary liquidity constraints and an ~75-85% drawdown from ATH. Additionally, Security and Audit History (4.5/10) highlights an operational failure in January 2026 where a database issue caused ~$650,000 in bad liquidations, resolved via a unilateral centralized state rollback and full refund. Because that incident resulted in <$1M in losses and was fully reimbursed, it does not trigger a qualifying red-flag cap, though the unilateral rollback authority highlights structural centralization risks.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Paradex (DIME)
DIME is the native gas, staking, and governance token of Paradex, a decentralized derivatives and spot trading platform operating on a dedicated Layer-2 appchain built on the Starknet stack. Incubated by Paradigm and stewarded by the Singapore-based Paradex Foundation, the exchange utilizes zero-knowledge position confidentiality and a retail price improvement model. The project maintains active developer tooling and software development kits, alongside published third-party security audits and a public bug bounty program.
The DIME token has a maximum supply capped at 1.00 billion units. Its utility spans network gas fee payments, tiered trading fee discounts of up to 40% via staking, and platform governance participation. The token allocation includes 20.6% for a Genesis Airdrop, 22.5% for Team and Shareholders subject to performance-gated unlock schedules, 18% for the Treasury, and 12.8% for Community Airdrops, with approximately 26% of the total supply unitemized.
The project faces notable structural, operational, and market risks. In January 2026, an operational incident caused by a database upgrade race condition produced incorrect pricing data, triggering abnormal liquidations for approximately 200 users with losses totaling around $650,000. Although the team fully reimbursed impacted users, the issue was resolved via a centralized state rollback of trading history, highlighting centralized sequencer authority and administrative control over the network. In secondary markets, DIME has suffered an unrecovered price crash of 75% to 85% from its all-time high of $0.07219, compounded by low trading volume, ongoing dilution overhang from unvested tokens, and an on-chain ERC-20 holder base of fewer than 300 addresses.