StandX XAU 10 bps Depth Now Exceeds 7 Perp DEXs Combined, While BTC Depth Ranks No.1

StandX XAU 10 bps depth has reached over $12M, exceeding the combined depth of several other leading perp DEX venues.

In the latest snapshot, the combined XAU 10 bps depth across the other seven venues is approximately $10.18M, while StandX alone reached $12.08M — around $1.9M more than all of them combined. This shows that XAU liquidity on StandX is not just competitive, but structurally ahead of other perp DEX venues.

The biggest contributor behind these liquidity improvements is SIP-5A: Community Maker Yield.

SIP-5A is designed to open the role of making to the community. Instead of only coming to StandX to trade, users can also participate as market makers by placing limit orders, providing real, executable two-sided liquidity to the order book, and earning rewards for their contribution.

This mechanism gives more users a clear reason to continuously support market depth across StandX. As more community makers participate, the order book becomes deeper and more resilient, directly improving trading liquidity for assets such as XAU and BTC. Over time, SIP-5A has become a key engine behind StandX’s liquidity growth, helping the platform move closer to the top tier of the perp DEX market. Users can also track their DUSD Rewards and Token Allocation through the dashboard.

Beyond XAU, StandX’s BTC 10 bps depth has just surpassed $17M, reaching $17.24M and ranking first among the leading perp DEX venues.

This puts StandX slightly ahead of edgeX at $17.21M, while also surpassing Aster at $14.58M and Hyperliquid at $13.13M.

The significance of this milestone is clear. BTC is the most liquid and most widely traded asset in crypto, and it has always been one of the most important trading pairs for every exchange. In such a highly competitive category, StandX’s BTC 10 bps depth now ranks No.1 among leading perp DEX venues and exceeds Hyperliquid by more than $4M. For professional traders, this is a strong signal that StandX’s liquidity is rapidly moving into the top tier of the perp DEX market.

Overall, SIP-5A has become a key driver of StandX’s liquidity growth across multiple assets, helping our BTC and XAU 10 bps depth stand out and rank first among all leading perp DEX venues. None of this would have been possible without the support of our users and community makers. Looking ahead, we will continue to deepen liquidity across more markets, with a clear goal: to become the leading liquidity venue across more trading pairs.