Paradex, a decentralized derivatives exchange on Starknet, executed a record $15.76 million ETH options trade with a premium cost lower than centralized exchange Deribit. This milestone followed Paradex's integration of Paradigm's RFQ liquidity network, which allows traders to request quotes from multiple market makers, reducing slippage and costs for large trades. Since the integration, Paradex's daily trading volumes surged to $14.5-$17.6 million and open interest rose to $202 million, signaling growing institutional interest in DeFi options. Paradex also offers zero fees for retail traders, privacy through ZK encryption, and European-style ETH options with cash settlement, positioning itself as a competitive decentralized alternative to traditional options platforms.
Paradex's record $15.76 million ETH options trade is notable context for readers. For those following the broader cryptocurrency market, as of Sep 21, 2026 01:21 WIB, 26 of 50 major cryptocurrencies on Pluang rose while 23 fell. Among movers, EOS increased 8.13% to Rp12.649 with a typical hold time of 87 days, EGLD dropped 7.54% to Rp65.476 with 77% buy order activity, and GRT rose 6.49% to Rp386 despite 83% sell order activity.
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