🧐 KiloEx, the disruptor of the new era of on chain derivatives | TGE is coming, one article to understand opBNB leader DEX—— The WEB3 industry has a big dark horse in this round: hyperliquid， At the same time, it also showed us: Although DEX has been developing for many years, many people believe that the largest institutions in the universe, such as Binance, will hold 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 spend too much energy on DEX, and they may be more willing to invest rather than do it themselves, However, it is foreseeable that with the development of blockchain, there will be a demand for decentralized, transparent, and efficient trading platforms in these markets. And this demand will continue to grow and cannot be reversed! Not long ago, Nawal 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 world's transition to a decentralized financial system takes time, and in terms of market value, we have not yet reached 5% of this goal. The evolution towards decentralization is an unchangeable fact and law, and of course, you can also see how big a market it will be in the future! As TGE approaches, KiloEx @ KiloEx_pERP has once again become the focus of attention: The leading perpetual contract DEX in the opBNB ecosystem, a rising star supported by YziLabs (formerly Binance Labs), is disrupting the industry landscape with innovative mechanisms and ultimate experiences. I noticed KiloEx at the Manta and StakeStone events last year, and my initial feeling was that it was mainly focused on a silky smooth design; Now, almost a year has passed, and as the winner of Binance Labs MVB VI's "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 value trajectories of GMX and dYdX, KiloEx's KILO may become one of the most explosive investment opportunities in the DeFi field by 2025; In the following article, I will delve into the driving force behind this value awakening—— one ️⃣ Introduction to KiloEx Perpetual Contract DEX Project—— KiloEx is a next-generation user-friendly perpetual contract exchange deployed on opBNB, dedicated to providing CEX level silky trading experience and DEX level transparent control. What are the characteristics of opBNB? Fast speed, cheap fees, and due to the characteristics of BNB and its backing on Binance, its fees will maintain an advantage over L2 on ETH in the long run. KiloEx clearly focuses on pain points such as risk management, capital efficiency, real returns, and multi asset trading, achieving excellent usability through features such as near zero gas trading and one click ordering. Especially the exploration of the Gasless trading model is worth mentioning! As the "on chain version of Binance", KiloEx supports up to 125 times leverage and covers over 70 types of asset perpetual contract trading, including BTC, ETH, DeFi, Meme, AI, and more. two ️⃣ Industry pain points and KiloEx's solutions—— There are many pain points in the current PERP DEX industry: For example, the existing PERP DEX lacks flexible ecological expansion capabilities, the GAS fee issue mentioned earlier, the lack of real returns for LST (staking derivative tokens), and the high risk exposure of platform LPs such as GMX under unilateral market conditions; Firstly, KiloEx introduced a spread calculation model and buffer mechanism to ensure that user profits are paid by the buffer pool in a one-sided market, and LP obtains a smoother return. All smart contracts are publicly verifiable and have passed top security audits such as Binance Labs, Secure3, Ancilia, etc. In addition, KiloEx supports project parties in creating independent and secure currency based leveraged trading pools, promoting the prosperity of the opBNB ecosystem while maintaining high liquidity. As for LSTs such as stETH and slisBNB, which lack real sources of income: KiloEx has introduced a series of innovative mechanisms in response to this, including Hybrid Vault dual pool mode and splitting the fund pool into two parts: Base and Buffer. The Base Pool consists of stablecoin deposits and a 30% platform fee, providing stable returns; The buffer pool absorbs all transaction profits, losses, and tariff fluctuations, and only bears losses when the buffer is exhausted. This design provides a "safety cushion" for LP, ensuring that assets such as LST receive real and stable returns. At present, KiloEx's Vault has an annualized yield of about 22% on the opBNB chain, significantly ahead of ordinary DeFi staking products. Actual tests have shown that this mechanism reduces LP returns volatility by over 60% during BTC's unilateral surge, greatly enhancing the stability of returns during bear markets. three ️⃣ Ecological advantages and differentiation—— As a perpetual trading leader on opBNB, KiloEx ranks first in both TVL and trading volume within the ecosystem. Especially through the innovation of smart contracts, the platform has achieved near zero gas latency for high-speed trading, as well as a flexible Telegram trading interface, providing a smooth experience comparable to centralized exchanges. Meanwhile, KiloEx adopts a multi chain deployment (supporting BNB mainnet, opBNB, Manta, Taiko) and rich long tail asset trading, filling the market gap not covered by mainstream platforms such as GMX and dYdX, becoming a powerful supplement to them. Whether it's high-frequency traders who pursue trading speed or novice users who prefer mobile operations, KiloEx offers unique value. four ️⃣ Platform comparative analysis—— In the field of Perp DEX, KiloEx should be considered a newcomer, with TVL quickly reaching around $40 million, which is already a significant achievement in Perp DEX. In Defilama's Perp DEX, Kilo consistently ranks high in 24-hour trading volume, with a peak daily trading volume of approximately $200 million and a total user base of nearly 800000; The table below compares the differences between KiloEx and mainstream PERP DEX such as GMX, dYdX, and Level Finance in terms of mechanism design, revenue model, supporting assets, deployment network, and LP risk mechanism; Everyone can compare and observe! five ️⃣ Valuation Analysis and TGE Expectations—— From a data perspective, KiloEx has demonstrated a considerable foundation: As of now, the cumulative trading volume of the platform is about 36 billion, TVL is over 47 million, and the total number of users is close to 800000. These indicators have reached 20-30% of leading projects such as GMX. By comparison, GMX currently has a TVL of approximately 400 million, a daily trading volume of around 150 million, and a token market value of around 150 million; The daily trading volume of dYdX is about 150 million, with a market value of about 500 million. From this, it can be seen that KiloEx has a considerable proportion of business scale, with a market value much lower than its competitors' expectations, and there is a clear value gap. Here is the valuation potential of KiloEx: KiloEx's TVL has grown rapidly, with a much larger number of trading pairs and LP friendly mechanisms than GMX, and its ecological scalability is comparable to dYdX. If we refer to the TVL/valuation ratio of GMX (1.2x) or the premium of dYdX (2.8x), the post valuation of KiloEx TGE may reach 500-800 million US dollars, KILO's initial market value is expected to exceed $300 million; six ️⃣ Team background and endorsement—— KiloEx is built by a team with dual experience in CEX and DeFi, with core members from top exchanges such as Binance and OKX. They have accumulated deep expertise in centralized trading operations, decentralized protocol development, and traditional financial derivative design. As early as 2022, the team was selected for Binance Labs' sixth MVB incubation program with a startup size of 5-6 people, and won the championship of the season with outstanding product prototypes and execution capabilities. Subsequently, it received strategic investment from Binance. Currently, KiloEx has received investment and support from well-known institutions such as Binance Labs, Foresight Ventures, Crescendo Ventures, and Manta Foundation. Top tier incubation and capital endorsement provide strong resources and reputation for the project, coupled with the team's pragmatic and efficient style, building a solid moat of products, resources, and experience. Conclusion—— The future of DeFi should not struggle between "high slippage" and "limit withdrawals". The true on chain exchange is to bring trust back to the code and make efficiency more than just centralization. What KiloEx did was not a simple imitation, but a complete reconstruction: from a trading pioneer in opBNB to an innovator in on chain perpetual contracts, KiloEx is breaking the boundaries of imagination with "0 Gas+Dual Pool+Multi Chain". Looking forward to the upcoming TGE! entrance: https://app. (kiloex.io)/trade? sCode=xkke8iiz&utm_source=referral&utm_medium=xkke8iiz KiloEx PerpDEX opBNB DeFi on chain trading Web3Finance BinanceLabs GaslessTrading on chain revenue derivatives DEX TGE CryptoResearch360