Performances
Comparison
Follow Updates
About StandX
StandX is a perpetual DEX built on BNB Chain, centered around its yield-bearing stablecoin DUSD. Its core business is a perps trading engine where DUSD serves as both margin and settlement asset, allowing traders to earn yield on their margin while holding positions.
StandX's key narrative is the vertical integration of asset, execution, and onchain layers. DUSD generates passive yield without active staking. The perps engine uses DUSD as unified collateral. Onchain services include block trades (SIP-1), position yield (SIP-2), and the recently launched Universal Markets framework (SIP-5). SIP-5 enables anyone to deploy perpetual, prediction, pre-market, or RWA markets by staking DUSD or future governance tokens, with sponsor-provided shield and reward vaults.
Market pain points addressed: traditional perp DEXs leave margin capital idle; large orders suffer high slippage and market impact; listing new assets is permissioned and slow. StandX solves these by making margin productive, introducing onchain block trade matching (SIP-1) to reduce impact, and opening market creation to anyone via SIP-5.
In the past six months (2026-03-04 to 2026-09-04), StandX published SIP-5 Universal Markets, a major framework expansion. Platform data shows average daily trading volume exceeding $500 million and DUSD TVL above $100 million. No major negative events were found in reliable sources during this period.
StandX perpetual DEX mainnet launched officially, with TVL quickly surpassing $100 million and later exceeding $200 million. SIP1 and SIP2 staking subsidy mechanisms went live, reshaping on-chain trading and revenue structures. Gold and silver contracts launched simultaneously, achieving over $1 billion in 24-hour trading volume. The project announced TGE planned for this year alongside upcoming on-chain options product SIP-4.
StandX (perp DEX) advanced steadily in H1 2026. Key milestones:
SIP-4 Block Options launched, enabling on-chain American-style options tied to TP/SL intents, with $40M+ matched volume.
SIP-5 Universal Markets framework released, allowing anyone to stake DUSD or future governance tokens to deploy perps, prediction markets, pre-market, RWA derivatives, and structured products. Core formula: UM = Seed + Oracle Grid + Shield. Sponsors earn up to 70% fee share, with optional Stand Mode for auto fee rebates.
DUSD (yield-bearing stablecoin) reached $94.55M supply and 19,206 holders on BNB Chain, with APY 8-10%+.
Ranked #4 perp DEX by daily volume on DeFiLlama; 235K+ users, $100M+ TVL.
Future focus: SIP-5 execution as a permissionless market creation layer, expanding beyond perps into prediction, RWA, and structured markets. Protocol hints at TGE within the year. Goal: 1,000,000 markets.
Justin Cheng (Co-Founder, Twitter: https://x.com/StandX_Justin) – Former Binance Futures director, led technical development of high-performance trading systems. Previously worked in traditional finance derivatives.
AG (CEO, Twitter: https://x.com/StandX_AG) – Former Head of Binance Futures CEX, helped scale the derivatives platform from early stage to global leader. Background includes nearly a decade at a Chicago commodities and futures exchange.