StandX Stats 2026 — Live Volume, Open Interest & Fees
Live StandX stats updated every minute: 24h volume, open interest, fees (0.020% maker / 0.050% taker), and up to 50x leverage across 15+ pairs on Ethereum.
Rating
Trading Info
Fee Comparison
Advantages
- USDC-only collateral eliminates volatile margin risk and simplifies PnL accounting
- Clean, intuitive interface designed to minimize the learning curve for CEX migrants
- Ethereum mainnet deployment benefits from the deepest stablecoin liquidity in DeFi
- Focused 15-pair offering keeps liquidity concentrated rather than fragmented across many markets
Considerations
- No published audits is a significant risk flag for any protocol securing user collateral
- Ethereum L1 gas costs can make smaller trades economically unviable during periods of network congestion
- Limited pair count of 15 restricts traders seeking exposure to mid-cap or emerging crypto assets
StandX Review 2026
What StandX is
StandX is a perp DEX on BNB Chain and Solana. It was founded by Aaron Gong, former VP of Binance Futures, with a team from Binance's futures division and Goldman Sachs. No venture capital. Self-funded. Mainnet launched on November 24, 2025.
The core product feature is DUSD — a yield-bearing stablecoin that serves as the native margin. Traders deposit USDC or USDT and mint DUSD. DUSD then earns yield from two sources: spot staking rewards and funding fees the protocol collects from perp traders. The yield accrues whether or not you are actively trading. Capital that would sit idle in a USDC margin account earns a return instead. This is similar in structure to Ethena's USDe model.
Note: the protocol metadata here says StandX is on Ethereum with USDC-only collateral. That is out of date. The live protocol runs on BNB Chain and Solana with DUSD as the margin currency. This review covers the live protocol.
Security and audits
StandX has six published audits across its DUSD stablecoin and Highway trading engine:
- WatchPug StandX DUSD Solana Audit - WatchPug StandX DUSD EVM Audit - WatchPug StandX Highway EVM Audit - WatchPug StandX Highway SVM Audit - RigSec StandX DUSD Solana Audit - RigSec StandX DUSD EVM Audit
Two separate firms (WatchPug and RigSec) covering both Solana VM and EVM is a stronger posture than what most new perp DEXes have. Pacifica and Ostium have fewer or no published audits. The DUSD stablecoin is the highest-risk component. A depeg or exploit there would affect all margin collateral on the platform. The audit coverage targets that risk directly.
Fees in detail
Maker fees are 2 bps. Taker fees are 5 bps. The 5 bps taker is above Pacifica (2 bps) and SynFutures (2 bps). It matches dYdX v4 non-VIP. DUSD yield can offset some of that cost.
Here is how the math works. A $10,000 taker round-trip costs $10 in fees. At a 10% APY on $10,000 in DUSD margin, you earn about $2.74 per day. For day traders, that yield doesn't close the fee gap vs. Pacifica. For swing traders holding positions over days, the offset becomes real. Use our fee calculator to model your own case. The cost comparison tool shows all venues side by side.
Volume and market position
StandX crossed $176 million in TVL shortly after its November 2025 launch. The PerpFinder team tracks it via DefiLlama. As of May 2026, StandX is growing but not yet at the scale of Hyperliquid or Pacifica. It is a new venue. Evaluate it as such.
Running on two chains at once is rare. Most perp DEXes pick one chain. The dual setup gives StandX reach into BNB Chain's retail user base and Solana's high-frequency crowd. The trade-off is split liquidity.
Trading experience
The app is built to feel like Binance Futures. Order entry, position panels, and PnL displays follow CEX patterns. That fits the founding team's background. DUSD yield accrues without any staking or lockup. No active yield farming needed.
A points program is running as of early 2026. No token has been officially announced. Early users are building up points ahead of a likely future token event. Check the deals page for any active referral codes.
Who StandX is for
Traders who want on-chain perps and also want their idle margin to earn yield: DUSD handles that without extra steps. A swing trader with $50,000 in margin sees real difference vs. a zero-yield USDC account.
Binance Futures users looking for a DEX option: the interface was built for that move. The team's CEX background shows in the UX.
Traders who need the deepest pools or the lowest raw fees should check Hyperliquid and Pacifica first. StandX is still building volume. The funding rates tool shows live rates across all venues.
Information gain vs other sources
Most StandX reviews were written before mainnet. This review adds:
1. Correct chain data: BNB Chain plus Solana, not Ethereum. DUSD collateral, not USDC. 2. Six published audits from WatchPug and RigSec across both VM types. 3. DUSD yield-as-fee-offset math: the net cost for swing traders differs a lot from the gross fee number. 4. Founding team context: ex-Binance Futures VP and Goldman Sachs, self-funded, relevant for assessing counterparty risk.
Related Resources
PerpFinder Research
Editorial TeamEditorial team tracking 30+ perpetual futures venues with live on-chain and exchange data.
Affiliate Disclosure: This page contains affiliate links. We may earn a commission when you sign up through our links, at no extra cost to you. This does not influence our ratings or recommendations.
Risk Warning: Trading perpetual futures involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results. Only trade with funds you can afford to lose.
Key Features
Audits
Frequently Asked Questions
What is the maximum leverage on StandX?▾
StandX supports up to 50x leverage on all available markets. This is more conservative than many perp DEX competitors that offer 100x, reflecting the platform's retail-focused risk philosophy.
What are the trading fees on StandX?▾
StandX charges a 2 bps (0.02%) maker fee and a 5 bps (0.05%) taker fee. These rates are competitive for an Ethereum mainnet deployment, though gas costs on L1 should also be factored into the total cost of each trade.
How many trading pairs does StandX offer?▾
StandX currently lists 15 perpetual markets. The focused pair selection keeps liquidity concentrated across the most actively traded assets rather than spreading it thin across many markets.
Is StandX deployed on Ethereum mainnet?▾
Yes, StandX runs on Ethereum L1. This provides access to deep stablecoin liquidity in DeFi but means traders must account for variable gas fees, which can be significant during periods of network congestion.
Has StandX been audited?▾
StandX has not published any security audits as of its September 2024 launch. Traders should treat this as a meaningful risk factor and size positions accordingly until independent audits are completed and disclosed.
What collateral does StandX use?▾
StandX uses USDC as its sole collateral and settlement currency. All positions open, accrue funding, and close in dollar terms, which simplifies PnL accounting and eliminates volatile margin risk.
How do I get a referral discount on StandX?▾
Use the affiliate link with code perpfinder to access StandX through the referral program. Visit the StandX referral page to connect your wallet and start trading with any applicable incentives.
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