🧐 The Breakthrough Player in the New Era of On-Chain Derivatives: KiloEx | TGE is Approaching, Understand opBNB's Leading DEX in One Article —

A major dark horse has emerged in the WEB3 industry this round: hyperliquid, which also shows us that:

Although DEX has developed for many years, many people believe that centralized exchanges like Binance will choke the neck of decentralized exchanges. However, in reality, perpetual contracts and spot trading may not be fully covered by large centralized exchanges in many emerging or small markets.

Large exchanges may not invest too much effort in DEX; they may prefer to invest rather than participate directly. However, it is clear that the development of blockchain will create a demand for decentralized, transparent, and efficient trading platforms in these markets.

Moreover, this demand will only grow and cannot be reversed!

Not long ago, Naval said:

It’s going to take time to transition the world to a decentralized financial system.

Judging by market cap, we’re less than 5% of the way there.

The transition of the world to a decentralized financial system takes time; from the market cap perspective, we have not yet reached 5% of this goal.

The evolution towards decentralization is an unchangeable fact and law, and of course, you can see how large this market will be in the future!

As the TGE approaches, KiloEx @KiloEx_perp has once again become the focus of attention:

As the leading perpetual contract DEX in the opBNB ecosystem, this rising star backed by YziLabs (formerly Binance Labs) is disrupting the industry landscape with innovative mechanisms and an exceptional experience.

I first noticed KiloEx last year during the Manta and StakeStone events, and my initial impression was that it focused on a smooth experience.

Now, nearly a year later, as the winner of Binance Labs MVB VI "Most Valuable Project," KiloEx not only offers lightning-fast trading speeds and over 100 trading pairs but also reshapes the future of perp DEX by addressing industry pain points.

Referring to the market cap trajectories of GMX and dYdX, KiloEx's $KILO may become one of the most explosive investment opportunities in the DeFi space by 2025.

In the following article, I will delve into the driving forces behind this value awakening —

1️⃣ Introduction to KiloEx Perpetual Contract DEX —

KiloEx is a next-generation user-friendly perpetual contract exchange deployed on opBNB, dedicated to providing a CEX-level smooth trading experience with DEX-level transparency and control.

What are the characteristics of opBNB?

Fast speed, low fees, and due to the characteristics of BNB and its backing by Binance, its fees will maintain an advantage over L2 on ETH in the long term.

KiloEx clearly focuses on core pain points: risk management, capital efficiency, real returns, and multi-asset trading, achieving excellent usability through near-zero Gas trading and one-click ordering.

Particularly noteworthy is the exploration of the Gasless trading model!

As the "on-chain version of Binance," KiloEx supports up to 125x leverage, covering over 70 assets including BTC, ETH, DeFi, Meme, and AI for perpetual contract trading.

2️⃣ Industry Pain Points and KiloEx's Solutions —

Currently, the perp DEX industry faces many pain points:

For example, existing perp DEXs lack flexible ecological expansion capabilities, the aforementioned GAS fee issues, LST (liquid staking tokens) lack real returns, and platforms like GMX face high-risk exposure in one-sided markets.

First, KiloEx introduces a spread calculation model and buffering mechanism to ensure that user profits in one-sided markets are paid from the buffer pool, allowing LPs to receive more stable returns. All smart contracts are publicly verifiable and have passed top security audits from Binance Labs, Secure3, Ancilia, and others.

Additionally, KiloEx supports project parties in creating independent, secure coin-based leverage trading pools, promoting the prosperity of the opBNB ecosystem while maintaining high liquidity.

As for LSTs like stETH and slisBNB lacking real sources of returns:

KiloEx has launched a series of innovative mechanisms, including the Hybrid Vault dual-pool model, splitting the fund pool into Base and Buffer components.

The Base pool consists of stablecoin deposits and 30% of platform fees, providing stable returns; the Buffer pool absorbs all trading profits and losses and fee fluctuations, with the Base pool only bearing losses when the Buffer is exhausted.

This design provides LPs with a "safety net," ensuring that assets like LSTs receive real and stable returns.

Currently, KiloEx's Vault on the opBNB chain has an annualized return rate of about 22%, significantly ahead of ordinary DeFi staking products.

Practical tests show that this mechanism reduces LP return volatility by over 60% during BTC's one-sided surge, greatly enhancing return stability in bear markets.

3️⃣ Ecological Advantages and Differentiation —

As the leading perpetual trading platform on opBNB, KiloEx ranks first in both TVL and trading volume in this ecosystem.

In particular, the platform has achieved near-zero Gas latency for ultra-fast trading through smart contract innovations, as well as a flexible Telegram trading interface, providing a smooth experience comparable to centralized exchanges.

At the same time, KiloEx adopts multi-chain deployment (supporting BNB mainnet, opBNB, Manta, Taiko) and a rich array of long-tail asset trading, filling the market gaps not covered by mainstream platforms like GMX and dYdX, becoming a strong complement to them.

Whether for high-frequency traders pursuing trading speed or novice users preferring mobile operations, KiloEx offers unique value.

4️⃣ Platform Comparison Analysis —

In the perp DEX field, KiloEx can be considered a rising star, quickly reaching a TVL of around $40 million, which is a significant achievement in the perp DEX space.

In Defilama's Perp DEX rankings, KiloEx has consistently ranked high in 24-hour trading volume, with daily peaks nearing $200 million and a total user count approaching 800,000.

The table below compares KiloEx with mainstream perp DEXs like GMX, dYdX, and Level Finance in terms of mechanism design, revenue models, supported assets, deployment networks, and LP risk mechanisms;

You can observe the differences!

5️⃣ Valuation Analysis and TGE Expectations —

From a data perspective, KiloEx has shown considerable fundamentals:

As of now, the platform's cumulative trading volume is approximately $36 billion, with a TVL of over $47 million and a total user count nearing 800,000. These metrics have reached 20-30% of leading projects like GMX.

In comparison, GMX currently has a TVL of about $400 million, a daily trading volume of ~$150 million, and a token market cap of ~$150 million;

dYdX has a daily trading volume of about $150 million and a market cap of about $500 million.

Thus, it can be seen that with a market cap expectation far below its competitors, KiloEx possesses a considerable business scale, indicating a clear value gap.

Here’s a note on KiloEx's valuation potential:

KiloEx's TVL is growing rapidly, and the number of trading pairs and LP-friendly mechanisms far exceed GMX, with ecological scalability comparable to dYdX.

If we refer to GMX's TVL/valuation ratio (1.2x) or dYdX's premium (2.8x), KiloEx's post-TGE valuation could reach $500-800 million, with an initial market cap for $KILO expected to exceed $300 million;

6️⃣ Team Background and Endorsements —

KiloEx is built by a team with dual experience in CEX and DeFi, with core members from top exchanges like Binance and OKX, accumulating deep expertise in centralized trading operations, decentralized protocol development, and traditional financial derivatives design.

As early as 2022, the team, starting with a scale of 5-6 people, was selected for Binance Labs' sixth MVB incubation program and won the season's championship with an outstanding product prototype and execution, subsequently receiving strategic investment from Binance.

Currently, KiloEx has received investments and support from well-known institutions such as Binance Labs, Foresight Ventures, Crescendo Ventures, and Manta Foundation.

Top-tier incubation and capital endorsements provide the project with strong resources and credibility, combined with the team's pragmatic and efficient style, building a solid moat of product, resources, and experience.

Conclusion —

The future of DeFi should not struggle between "high slippage" and "withdrawal limits." A true on-chain exchange is one that returns trust to code and ensures that efficiency is not exclusive to centralized systems.

What KiloEx is doing is not simple imitation but a complete reconstruction: from the trading pioneer of opBNB to the innovator of on-chain perpetual contracts,

KiloEx is breaking the boundaries of imagination with "0 Gas + Dual Pool + Multi-Chain."

Looking forward to the upcoming TGE!

Entry: https://app.kiloex.io/trade?sCode=xkke8iiz&utmsource=referral&utmmedium=xkke8iiz

KiloEx #PerpDEX #opBNB #DeFi #OnChainTrading #Web3Finance #BinanceLabs #GaslessTrading #OnChainReturns #DerivativesDEX #TGE #CryptoResearch360

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