According to Wu, based on DeFiLlama data, in the few months after the token launch, the derivatives protocol Paradex TVL has fallen from a peak of $223 million in late January to just slightly over $23 million now, with fees in the past 24 hours amounting to only $452. Additionally, the Paradex token DIME currently has a market cap of about $2.21 million, with 24‑hour trading volume under $2,000.
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