• bitcoinBitcoin (BTC) $ 108,221.00
  • ethereumEthereum (ETH) $ 4,349.72
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.80
  • bnbBNB (BNB) $ 858.55
  • solanaSolana (SOL) $ 202.78
  • usd-coinUSDC (USDC) $ 0.999811
  • staked-etherLido Staked Ether (STETH) $ 4,338.70
  • tronTRON (TRX) $ 0.338867
  • dogecoinDogecoin (DOGE) $ 0.212252
  • cardanoCardano (ADA) $ 0.823151
  • wrapped-stethWrapped stETH (WSTETH) $ 5,246.49
  • chainlinkChainlink (LINK) $ 23.34
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,685.05
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 108,561.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • hyperliquidHyperliquid (HYPE) $ 44.41
  • wrapped-eethWrapped eETH (WEETH) $ 4,661.98
  • suiSui (SUI) $ 3.26
  • stellarStellar (XLM) $ 0.359453
  • bitcoin-cashBitcoin Cash (BCH) $ 530.16
  • avalanche-2Avalanche (AVAX) $ 23.49
  • hedera-hashgraphHedera (HBAR) $ 0.226734
  • wethWETH (WETH) $ 4,350.05
  • crypto-com-chainCronos (CRO) $ 0.278113
  • leo-tokenLEO Token (LEO) $ 9.48
  • litecoinLitecoin (LTC) $ 109.65
  • usdsUSDS (USDS) $ 0.999746
  • the-open-networkToncoin (TON) $ 3.07
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 108,241.00
  • whitebitWhiteBIT Coin (WBT) $ 42.21
  • uniswapUniswap (UNI) $ 9.61
  • polkadotPolkadot (DOT) $ 3.77
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • bitget-tokenBitget Token (BGB) $ 4.53
  • moneroMonero (XMR) $ 261.88
  • aaveAave (AAVE) $ 316.33
  • daiDai (DAI) $ 0.999921
  • ethenaEthena (ENA) $ 0.642649
  • pepePepe (PEPE) $ 0.000010
  • mantleMantle (MNT) $ 1.13
  • okbOKB (OKB) $ 169.07
  • ethereum-classicEthereum Classic (ETC) $ 20.87
  • bittensorBittensor (TAO) $ 319.09
  • nearNEAR Protocol (NEAR) $ 2.43
  • jito-staked-solJito Staked SOL (JITOSOL) $ 248.94
  • aptosAptos (APT) $ 4.26
  • ondo-financeOndo (ONDO) $ 0.903378
  • pi-networkPi Network (PI) $ 0.356551
  • usdt0USDT0 (USDT0) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,351.68
  • internet-computerInternet Computer (ICP) $ 4.90
  • arbitrumArbitrum (ARB) $ 0.490642
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.241286
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-staked-solBinance Staked SOL (BNSOL) $ 217.09
  • kaspaKaspa (KAS) $ 0.084751
  • cosmosCosmos Hub (ATOM) $ 4.47
  • vechainVeChain (VET) $ 0.024233
  • algorandAlgorand (ALGO) $ 0.235765
  • gatechain-tokenGate (GT) $ 17.02
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,949.10
  • susdssUSDS (SUSDS) $ 1.07
  • fasttokenFasttoken (FTN) $ 4.53
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.40
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.029328
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,561.05
  • story-2Story (IP) $ 6.00
  • worldcoin-wldWorldcoin (WLD) $ 0.906146
  • render-tokenRender (RENDER) $ 3.45
  • kucoin-sharesKuCoin (KCS) $ 13.83
  • sei-networkSei (SEI) $ 0.287372
  • bonkBonk (BONK) $ 0.000022
  • bfusdBFUSD (BFUSD) $ 0.999326
  • official-trumpOfficial Trump (TRUMP) $ 8.35
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,578.70
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.619670
  • black-phoenixBlack Phoenix (BPX) $ 1.10
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 44.50
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,693.95
  • jupiter-exchange-solanaJupiter (JUP) $ 0.509996
  • filecoinFilecoin (FIL) $ 2.26
  • flare-networksFlare (FLR) $ 0.021029
  • skySky (SKY) $ 0.064111
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 108,276.00
  • quant-networkQuant (QNT) $ 101.82
  • usdtbUSDtb (USDTB) $ 1.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999908
  • fourFour (FORM) $ 3.61
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,592.85
  • hash-2Provenance Blockchain (HASH) $ 0.027839
  • xdce-crowd-saleXDC Network (XDC) $ 0.075560
  • falcon-financeFalcon USD (USDF) $ 0.999908
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,660.87
  • tether-goldTether Gold (XAUT) $ 3,453.40
  • injective-protocolInjective (INJ) $ 12.98
  • pyth-networkPyth Network (PYTH) $ 0.221047
  • nexoNEXO (NEXO) $ 1.24
  • optimismOptimism (OP) $ 0.695487
  • celestiaCelestia (TIA) $ 1.62
  • pump-funPump.fun (PUMP) $ 0.003455
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 230.45
  • wbnbWrapped BNB (WBNB) $ 858.64
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997478
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 108,568.00
  • blockstackStacks (STX) $ 0.620180
  • lido-daoLido DAO (LDO) $ 1.21
  • curve-dao-tokenCurve DAO (CRV) $ 0.759894
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999620
  • sonic-3Sonic (S) $ 0.314229
  • spx6900SPX6900 (SPX) $ 1.08
  • aerodrome-financeAerodrome Finance (AERO) $ 1.12
  • immutable-xImmutable (IMX) $ 0.516755
  • pax-goldPAX Gold (PAXG) $ 3,461.85
  • super-oethSuper OETH (SUPEROETH) $ 4,351.68
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.12
  • raydiumRaydium (RAY) $ 3.50
  • msolMarinade Staked SOL (MSOL) $ 267.69
  • saros-financeSaros (SAROS) $ 0.355713
  • the-graphThe Graph (GRT) $ 0.087838
  • conflux-tokenConflux (CFX) $ 0.179283
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 108,531.00
  • flokiFLOKI (FLOKI) $ 0.000093
  • memecoreMemeCore (M) $ 0.531715
  • kaiaKaia (KAIA) $ 0.147284
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.48
  • clbtcclBTC (CLBTC) $ 110,106.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,331.34
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,181.82
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,350.31
  • dogwifcoindogwifhat (WIF) $ 0.793489
  • pendlePendle (PENDLE) $ 4.64
  • theta-tokenTheta Network (THETA) $ 0.778297
  • vaultaVaulta (A) $ 0.489779
  • tezosTezos (XTZ) $ 0.734699
  • fartcoinFartcoin (FARTCOIN) $ 0.770627
  • iotaIOTA (IOTA) $ 0.192760
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.20
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.14
  • galaGALA (GALA) $ 0.016089
  • jito-governance-tokenJito (JTO) $ 1.98
  • ousgOUSG (OUSG) $ 112.39
  • ripple-usdRipple USD (RLUSD) $ 0.999616
  • jasmycoinJasmyCoin (JASMY) $ 0.014389
  • newton-projectAB (AB) $ 0.009144
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997696
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • the-sandboxThe Sandbox (SAND) $ 0.274023
  • build-onBUILDon (B) $ 0.666391
  • morphoMorpho (MORPHO) $ 2.00
  • loaded-lionsLoaded Lions (LION) $ 0.021625
  • zcashZcash (ZEC) $ 40.37
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,351.54
  • stader-ethxStader ETHx (ETHX) $ 4,566.90
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,666.22
  • bittorrentBitTorrent (BTT) $ 0.00000065
  • flowFlow (FLOW) $ 0.398754
  • tbtctBTC (TBTC) $ 108,062.00
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,780.57
  • swethSwell Ethereum (SWETH) $ 4,703.49
  • usual-usdUsual USD (USD0) $ 0.998120
  • beldexBeldex (BDX) $ 0.076355
  • global-dollarGlobal Dollar (USDG) $ 0.999790
  • walrus-2Walrus (WAL) $ 0.384609
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.212213
  • decentralandDecentraland (MANA) $ 0.282522
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 108,231.00
  • vision-3Vision (VSN) $ 0.166116
  • bitcoin-svBitcoin SV (BSV) $ 26.05
  • syrupMaple Finance (SYRUP) $ 0.462928
  • ether-fiEther.fi (ETHFI) $ 1.08
  • frax-etherFrax Ether (FRXETH) $ 4,308.36
  • true-usdTrueUSD (TUSD) $ 0.997865
  • starknetStarknet (STRK) $ 0.126578
  • heliumHelium (HNT) $ 2.56
  • dydx-chaindYdX (DYDX) $ 0.610507
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,349.21
  • neoNEO (NEO) $ 6.66
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 107,792.00
  • based-brettBrett (BRETT) $ 0.047236
  • apenftAPENFT (NFT) $ 0.00000046
  • apecoinApeCoin (APE) $ 0.560682
  • usddUSDD (USDD) $ 1.00
  • bybit-staked-solBybit Staked SOL (BBSOL) $ 223.51
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007423
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.999346
  • zksyncZKsync (ZK) $ 0.060469
  • sun-tokenSun Token (SUN) $ 0.022802
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999797
  • savings-daiSavings Dai (SDAI) $ 1.16
  • telcoinTelcoin (TEL) $ 0.004678
  • dexeDeXe (DEXE) $ 7.57
  • coredaoorgCore (CORE) $ 0.428045
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999811
  • arweaveArweave (AR) $ 6.39
  • instadappFluid (FLUID) $ 6.12

SparkDEX launches the first perps exchange on Flare

0 65

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.