Shibarium’s New Contender: Positions Exchange Launches Perpetual Trading—Because Crypto Needed More Leverage
Shibarium flexes its DeFi muscles again—this time with Positions Exchange rolling out perpetual futures trading. Because why settle for spot when you can 100x your regrets?
Perps hit Shibarium: The layer-2 chain just got riskier (or more ’opportunity-rich,’ depending on which trader you ask). Built on Bone Shibaswap’s ecosystem, Positions Exchange now lets users long or short with up to 50x leverage. Wallet-draining potential: unlocked.
Behind the hype: The platform promises ’institutional-grade’ liquidity—a bold claim for a sector where ’rug pull’ still trends quarterly. But with SHIB’s army of retail traders, volume might just follow the memes.
Cynic’s corner: Another perpetual trading platform? How original. At least this one runs on Shibarium—so your gas fees won’t rival a Wall Street broker’s cocaine budget.
A Shibarium Builder Spotlight: The Native Advantage
What distinguishes Positions Exchange, Kumar emphasized, is its foundational commitment to Shibarium. “Positions Exchange stands out by being the first perpetual DEX built natively and exclusively for the Shibarium ecosystem, not just ported over from another chain,” he asserted.
This “laser-focused” strategy, he believes, will enable optimal performance and user experience specifically tailored for Shibarium. Key offerings are intended to include “ultra-low fees thanks to Shibarium’s gas efficiency” and “high-speed execution.”
The decision to build on Shibarium was a deliberate one. “We chose to build on Shibarium because it offers a unique opportunity to grow alongside one of the most passionate and fast-growing communities in Web3,” Kumar shared.
He cited Shibarium’s low fees and scalability as attractive features. “We see a clear gap in advanced trading infrastructure that we’re excited to fill.”
The team, which Kumar noted has broad experience building various DeFi projects, had been “closely monitoring Shibarium since its early testnet phases.” While development for Positions Exchange itself is recent, their strategic focus on the platform is long-term.
An early version of the platform is now live on Puppynet and accessible via its website. Future plans include a mainnet launch and the integration of advanced trading features. The project currently does not have its own token.
Community members can engage with the project via their X handle, and through a “Testing and Earn Campaign.” Kumar explained, “By testing the platform, providing feedback, and reporting bugs, community members can earn rewards.”
https://youtu.be/herdjChnUd8The long-term ambition, he shared, is “to make Positions Exchange the cornerstone of advanced trading on Shibarium.” He also addressed a common misconception: “Positions Exchange is a typical DEX, when in fact, it’s a purpose-built perpetual exchange created exclusively for Shibarium.”
For Kumar and his team, the current momentum within the SHIB ecosystem is a primary motivator. “What excites us most…is the passion and momentum of the community, combined with the emerging infrastructure on Shibarium,” he said. “It’s a rare opportunity to build something meaningful from the ground up.” This Shibarium Builder Spotlight highlights one such endeavor, contributing to the evolving capabilities of the platform.
