Paradex Grows Exchange Deposits With Hyperlane
How Paradex accelerated distribution with Hyperlane, resulting in $400m+ in lifetime deposits.
The Challenge
@Paradex is a derivatives DEX for perpetual futures, options, and yield vaults, built on the Paradex Chain (the first appchain on Starknet). Execution is fast, fees are low, and everything is self-custodial. But none of that mattered if traders couldn't get capital onto the platform.
Liquidity in crypto is scattered across Ethereum, Solana, Base, and many other chains. Paradex needed deeper liquidity to improve their perpetual exchange experience.
Paradex had been using third-party providers for bridging. It was serviceable, but they couldn't control the experience, customize the security model, or add new source chains without waiting on those providers.
What they needed:
Support for bridging from multiple VMs (EVM, Solana, Starknet)
Configurable security to match their safety standards
Ownership of the interop stack, so they could control their expansion
Deposits embedded in the Paradex UI itself
What We Did
Paradex integrated Hyperlane Warp Routes 2.0 directly into the portfolio dashboard. A trader deposits USDC from any supported chain, and it shows up in their Paradex balance ready to trade.
Under the hood, USDC is locked on the origin chain via lock-and-mint, and an equivalent amount is released on Paradex Chain through Starkgate settlement. The trader gets native USDC, not a wrapped token. The Hyperlane core team handles the Warp Route deployments to chains and handles the liquidity rebalancing on behalf of Paradex.
Paradex soft-launched on mainnet in July 2025 with Ethereum, Arbitrum, Base, and Starknet. Solana followed in November 2025, making this a multi-VM integration spanning EVM, SVM, and Starknet.
"Hyperlane has been a key infrastructure partner for Paradex, enabling seamless cross-chain deposits across EVM, Solana, and Starknet. Beyond deposits, Hyperlane also powers the lock-and-mint flow for DIME, our ecosystem token, making it available on Solana and HyperEVM - with more chains coming soon. The flexibility to deploy to new chains on our own timeline, paired with Hyperlane's multi-VM support, has been invaluable as we scale." - Amy Shah, Engineer, Paradex
Outcome
$400M+ USDC has been deposited through Hyperlane since launch. Traders on Ethereum, Solana, Arbitrum, Base, and Starknet can deposit USDC and start trading in seconds.
Paradex now has a deposit pipeline it owns and can extend to any of 150+ Hyperlane-supported chains.
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