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Paradex announces that TGE will be held in late February to early March.
On January 30th, Paradex posted a tweet announcing the upcoming token TGE event in late February to early March.
XP Season 2 ends on January 29th.
XP Season 3 officially begins on February 1st.
Season 3 points will be distributed after the TGE.
Since the tweet was posted, Paradex's daily active users and trading volume have dropped significantly. Before the announcement, daily active users were stable at 6-8K, with daily trading volume around 1-2B.
After the announcement, daily active users plummeted to 2,900 yesterday and 1,800 today.
The daily trading volume was 400M yesterday and less than 200M today.
Success and failure go hand in hand.
Paradex was established as early as 2021, while the on-chain perp leader hype only emerged in 2022.
Paradex has experienced periods of neglect in the sector, as well as times when the sector was booming. The delayed TGE ultimately failed to catch the perp wave. Patience is important, but if you don't seize the opportunity when it arrives, all that's left are scraps.
Currently, the market is unstable, and perp hype has sharply declined. If the TGE is announced around Aster, I believe the valuation could at least double.
Fate and destiny.