• bitcoinBitcoin (BTC) $ 103,784.00
  • ethereumEthereum (ETH) $ 3,289.99
  • xrpXRP (XRP) $ 3.12
  • tetherTether (USDT) $ 0.999015
  • solanaSolana (SOL) $ 240.34
  • bnbBNB (BNB) $ 687.52
  • dogecoinDogecoin (DOGE) $ 0.379040
  • usd-coinUSDC (USDC) $ 1.00
  • cardanoCardano (ADA) $ 0.991669
  • staked-etherLido Staked Ether (STETH) $ 3,285.00
  • tronTRON (TRX) $ 0.241291
  • chainlinkChainlink (LINK) $ 25.85
  • avalanche-2Avalanche (AVAX) $ 36.14
  • wrapped-stethWrapped stETH (WSTETH) $ 3,914.66
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,785.00
  • suiSui (SUI) $ 4.44
  • stellarStellar (XLM) $ 0.436245
  • the-open-networkToncoin (TON) $ 5.15
  • hedera-hashgraphHedera (HBAR) $ 0.333839
  • shiba-inuShiba Inu (SHIB) $ 0.000021
  • wethWETH (WETH) $ 3,288.37
  • polkadotPolkadot (DOT) $ 6.56
  • parkcoinParkcoin (KPK) $ 1.11
  • litecoinLitecoin (LTC) $ 119.80
  • leo-tokenLEO Token (LEO) $ 9.69
  • bitcoin-cashBitcoin Cash (BCH) $ 439.75
  • bitget-tokenBitget Token (BGB) $ 7.16
  • uniswapUniswap (UNI) $ 13.44
  • hyperliquidHyperliquid (HYPE) $ 23.47
  • official-trumpOfficial Trump (TRUMP) $ 38.96
  • pepePepe (PEPE) $ 0.000016
  • wrapped-eethWrapped eETH (WEETH) $ 3,487.72
  • usdsUSDS (USDS) $ 1.00
  • nearNEAR Protocol (NEAR) $ 5.12
  • ethena-usdeEthena USDe (USDE) $ 0.999933
  • aaveAave (AAVE) $ 357.73
  • aptosAptos (APT) $ 8.46
  • internet-computerInternet Computer (ICP) $ 9.77
  • ondo-financeOndo (ONDO) $ 1.31
  • whitebitWhiteBIT Coin (WBT) $ 28.49
  • ethereum-classicEthereum Classic (ETC) $ 26.56
  • moneroMonero (XMR) $ 215.25
  • vechainVeChain (VET) $ 0.048534
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.451054
  • mantleMantle (MNT) $ 1.10
  • crypto-com-chainCronos (CRO) $ 0.134333
  • algorandAlgorand (ALGO) $ 0.423865
  • daiDai (DAI) $ 1.00
  • okbOKB (OKB) $ 58.59
  • render-tokenRender (RENDER) $ 6.79
  • kaspaKaspa (KAS) $ 0.135396
  • mantra-daoMANTRA (OM) $ 3.58
  • bittensorBittensor (TAO) $ 400.51
  • filecoinFilecoin (FIL) $ 5.13
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.21
  • arbitrumArbitrum (ARB) $ 0.712825
  • gatechain-tokenGate (GT) $ 21.98
  • cosmosCosmos Hub (ATOM) $ 6.13
  • ethenaEthena (ENA) $ 0.872981
  • bonkBonk (BONK) $ 0.000033
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.51
  • tokenize-xchangeTokenize Xchange (TKX) $ 29.98
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,688.00
  • celestiaCelestia (TIA) $ 4.67
  • optimismOptimism (OP) $ 1.72
  • blockstackStacks (STX) $ 1.44
  • injective-protocolInjective (INJ) $ 21.46
  • immutable-xImmutable (IMX) $ 1.20
  • raydiumRaydium (RAY) $ 7.11
  • theta-tokenTheta Network (THETA) $ 2.05
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,286.35
  • sonic-3Sonic (prev. FTM) (S) $ 0.620400
  • the-graphThe Graph (GRT) $ 0.203263
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,399.58
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 103,710.00
  • binance-staked-solBinance Staked SOL (BNSOL) $ 246.02
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999644
  • xdce-crowd-saleXDC Network (XDC) $ 0.113457
  • worldcoin-wldWorldcoin (WLD) $ 1.90
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,683.06
  • lido-daoLido DAO (LDO) $ 1.87
  • fasttokenFasttoken (FTN) $ 3.84
  • fartcoinFartcoin (FARTCOIN) $ 1.67
  • flare-networksFlare (FLR) $ 0.028423
  • movementMovement (MOVE) $ 0.697112
  • sei-networkSei (SEI) $ 0.352862
  • quant-networkQuant (QNT) $ 106.05
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,473.02
  • jupiter-exchange-solanaJupiter (JUP) $ 0.859511
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.022599
  • solana-swapSolana Swap (SOS) $ 1.47
  • galaGALA (GALA) $ 0.033278
  • dogwifcoindogwifhat (WIF) $ 1.42
  • kucoin-sharesKuCoin (KCS) $ 11.41
  • the-sandboxThe Sandbox (SAND) $ 0.570532
  • flokiFLOKI (FLOKI) $ 0.000144
  • nexoNEXO (NEXO) $ 1.36
  • jasmycoinJasmyCoin (JASMY) $ 0.027739
  • kaiaKaia (KAIA) $ 0.219786
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 103,718.00
  • msolMarinade Staked SOL (MSOL) $ 300.99
  • usual-usdUsual USD (USD0) $ 1.00
  • eosEOS (EOS) $ 0.828511
  • tezosTezos (XTZ) $ 1.21
  • spx6900SPX6900 (SPX) $ 1.31
  • susdssUSDS (SUSDS) $ 1.03
  • iotaIOTA (IOTA) $ 0.327131
  • thorchainTHORChain (RUNE) $ 3.34
  • makerMaker (MKR) $ 1,278.06
  • ethereum-name-serviceEthereum Name Service (ENS) $ 34.35
  • pyth-networkPyth Network (PYTH) $ 0.308877
  • flowFlow (FLOW) $ 0.705581
  • curve-dao-tokenCurve DAO (CRV) $ 0.841898
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 103,283.00
  • dexeDeXe (DEXE) $ 18.52
  • beam-2Beam (BEAM) $ 0.019973
  • bittorrentBitTorrent (BTT) $ 0.000001
  • bitcoin-svBitcoin SV (BSV) $ 52.25
  • neoNEO (NEO) $ 14.59
  • ai16zai16z (AI16Z) $ 0.925884
  • aioz-networkAIOZ Network (AIOZ) $ 0.851050
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.377325
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,395.69
  • arweaveArweave (AR) $ 14.56
  • axie-infinityAxie Infinity (AXS) $ 6.01
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 258.05
  • starknetStarknet (STRK) $ 0.381502
  • based-brettBrett (BRETT) $ 0.092183
  • decentralandDecentraland (MANA) $ 0.488091
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,290.76
  • elrond-erd-2MultiversX (EGLD) $ 31.58
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 103,701.00
  • matic-networkPolygon (MATIC) $ 0.450978
  • wbnbWrapped BNB (WBNB) $ 686.17
  • dydx-chaindYdX (DYDX) $ 1.16
  • jito-governance-tokenJito (JTO) $ 2.93
  • aerodrome-financeAerodrome Finance (AERO) $ 1.10
  • coredaoorgCore (CORE) $ 0.835044
  • deepDeepBook (DEEP) $ 0.308440
  • zcashZcash (ZEC) $ 48.55
  • heliumHelium (HNT) $ 4.29
  • usddUSDD (USDD) $ 1.00
  • conflux-tokenConflux (CFX) $ 0.152438
  • gigachad-2Gigachad (GIGA) $ 0.076295
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,288.74
  • apecoinApeCoin (APE) $ 0.997887
  • chilizChiliz (CHZ) $ 0.076733
  • reserve-rights-tokenReserve Rights (RSR) $ 0.013182
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,289.81
  • compound-governance-tokenCompound (COMP) $ 79.31
  • akash-networkAkash Network (AKT) $ 2.83
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,471.31
  • morphoMorpho (MORPHO) $ 3.17
  • ecasheCash (XEC) $ 0.000034
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 103,478.00
  • echelon-primeEchelon Prime (PRIME) $ 12.72
  • tether-goldTether Gold (XAUT) $ 2,723.16
  • roninRonin (RON) $ 1.76
  • wormholeWormhole (W) $ 0.229886
  • fraxFrax (FRAX) $ 0.998105
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.18
  • eigenlayerEigenlayer (EIGEN) $ 2.69
  • amp-tokenAmp (AMP) $ 0.007412
  • usdx-money-usdxusdx.money USDX (USDX) $ 1.00
  • mog-coinMog Coin (MOG) $ 0.000002
  • mina-protocolMina Protocol (MINA) $ 0.511047
  • melania-memeMelania Meme (MELANIA) $ 4.10
  • pumpbtcpumpBTC (PUMPBTC) $ 100,307.00
  • gnosisGnosis (GNO) $ 233.31
  • pendlePendle (PENDLE) $ 3.67
  • zksyncZKsync (ZK) $ 0.155185
  • havvenSynthetix Network (SNX) $ 1.68
  • pax-goldPAX Gold (PAXG) $ 2,740.92
  • beldexBeldex (BDX) $ 0.079007
  • resolv-usrResolv USR (USR) $ 1.00
  • axelarAxelar (AXL) $ 0.600057
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,578.12
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • meowMEOW (MEOW) $ 0.006000
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 103,941.00
  • notcoinNotcoin (NOT) $ 0.005214
  • telcoinTelcoin (TEL) $ 0.006732
  • dydxdYdX (ETHDYDX) $ 1.16
  • aixbtaixbt by Virtuals (AIXBT) $ 0.597443
  • kavaKava (KAVA) $ 0.465852
  • insurance-2INSURANCE (INSURANCE) $ 26.82
  • true-usdTrueUSD (TUSD) $ 0.999428
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 3,284.71
  • superfarmSuperVerse (SUPER) $ 1.09
  • apenftAPENFT (NFT) $ 0.00000049
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000088
  • griffainGRIFFAIN (GRIFFAIN) $ 0.485953
  • 1inch1inch (1INCH) $ 0.344541
  • ai-rig-complexAI Rig Complex (ARC) $ 0.480376
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 3,287.66
  • chex-tokenCHEX Token (CHEX) $ 0.476363
  • frax-etherFrax Ether (FRXETH) $ 3,293.20
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004716
  • ultimaUltima (ULTIMA) $ 10,831.59
  • tbtctBTC (TBTC) $ 103,593.00

SparkDEX launches the first perps exchange on Flare

SparkDEX launches the first perps exchange on Flare

SparkDEX has officially launched SparkDEX Eternal, the first perpetual decentralized exchange (Perp DEX) on Flare, based on information shared with Finbold on Thursday, December 12.

SparkDEX Eternal is LIVE ON @FlareNetworks! 🔥 pic.twitter.com/wZb8lNZ2vE

— SparkDEX (@SparkDexAI) December 11, 2024

SparkDEX Eternal enables users to incorporate perpetual contracts into their trading strategies and provides them access to opportunities with various assets without owning the underlying instruments.

Fast decentralized data delivery

Flare’s Flare Time Series Oracle (FTSO) allows for fast and accurate decentralized data delivery required for perps trading. SparkDex founder Steve stated:

“The FTSO’s rapid 1.8-second price feed updates ensure precise and reliable funding rate calculations and a trustworthy liquidation engine for SparkDEX Eternal. This unparalleled speed and accuracy make FTSO the ideal decentralized oracle solution for our platform, delivering a high-performance experience for margin traders.”

Dhruv Shah, a Flare DeFi analyst, added:

“Perps are not only one of the most traded derivatives in the space; they’re also among the main drivers of oracle usage in the blockchain industry. With SparkDEX Eternal and future perps DEXs, the demand for Flare’s data offerings will continue to grow and become more apparent.”

SparkDEX Eternal supports leveraged positions on FLR and other cryptocurrencies and works on adding commodities and forex. Additionally, users have automated conditional orders, customizable open interest, and cross-chain-sourced liquidity, with the option to earn rFLR rewards through the Flare DeFi Emissions Program.

Perpetual contracts and other DeFi utilities

The FTSO is fundamental in ensuring fast and accurate data provision for funding rates and supporting liquidation by handling up to 1,000 price feeds across all assets, while the agility of the ecosystem now allows traders to pursue diverse DeFi strategies within Flare.

Furthermore, perpetual contracts allow traders to hold positions without expiration so long as they meet the margin requirements. The resulting environment enables short-selling, leverage, and hedging strategies.

With this addition to its DeFi services, SparkDEX hopes to boost liquidity and foster deeper participation in the trading and liquidity-providing communities.

Source

Leave A Reply

Your email address will not be published.