About StandX

What is StandX？

Universal Markets. Universal Yield.

StandX is the next generation Perps DEX, live on Mainnet across BNB Chain and Solana and powered by its native yield bearing DUSD. It is the first perps platform to bring true permissionless listing, and the first built to open 1,000,000 universal markets. StandX is not a stablecoin plus a perps DEX bolted together. It is Stablecoin × Perps: DUSD earns from the fees and funding that perps generate, while perps gain capital bandwidth from yield bearing margin. Users earn yield on their margin as they trade, no staking required, and that reflexivity makes StandX the most capital efficient perps venue in DeFi.

Universal Yield comes from DUSD, the productive collateral layer beneath everything on StandX. DUSD turns idle trading margin into automatically yield bearing collateral, the unified asset that powers perps, block liquidity, and permissionless market creation. When the foundation earns, every floor above it earns, so holders, traders, and market makers all compound through the same productive asset. The system funds itself with real yield rather than subsidies.

Universal Markets comes from SIP-5, which returns the rights to list, market make, and capture long term fees back to the community. Any asset, by anyone, can be deployed as a permissionless market on StandX, covering perps, spot, prediction, and pre-market. Sponsors fund community market makers through a Reward Vault and buffer extreme liquidations through a Shield Vault, while trading fees recycle back into deeper liquidity in a self reinforcing loop. Permissionless here means the absence of privilege, not the absence of rules: meet the public rules and you list, with no committee’s nod required.

The Next 10,000x: 1,000,000 Universal Markets

Put the numbers side by side:

• Perps vs spot volume: $61.7 trillion vs $18.6 trillion in 2025, roughly 3.3x (Reuters, citing CryptoQuant)
• Permissionless spot markets: 402,889 Uniswap pools on ETH mainnet and over 1,200,000 pools on BSC (as of September 2024)
• Permissionless asset issuance: over 18,670,000 tokens with trading activity on Pump.fun from January 2024 to June 2026 (CoinGecko)
• Perps markets under listing committees: 300-500 level, e.g. 369 pairs on Hyperliquid and 519 on Aster (as of July 2026)

The market with 3.3x the volume has three orders of magnitude fewer tradable assets. Uniswap handed the right to open a spot market to everyone; Pump.fun handed the right to issue assets to everyone. Each time the right to open markets returns to the market, the count jumps by orders of magnitude. Perps are the last and largest piece of that return, and it falls to StandX to open it.

Everything at StandX starts with the user. The ‘poker table’ interface gives a natural read of the market, and Vaults allow users to share protocol revenues. Built by our self funded team that founded Binance Futures, StandX advances a new standard that places capital efficiency and user experience above all else.

Core Team

Our core team consists of members from the Binance Futures founding team and Goldman Sachs, with deep expertise in derivatives, onchain systems, and low latency engineering. We believe the future lies in DeFi, and much of our experience in centralised exchanges (CEXes) can be applied to onchain solutions, enabling us to create a superior product.

StandX is fully self funded and has not accepted any external investments. With no VCs, we have reached roughly $700M daily volume, 235K users, and the top ranks of DeFiLlama’s perps board. This independence empowers us to prioritize long term growth and sustainability, free from the pressures of short term gains. We stand firmly with our community.