On July 30, 2026, UXUY, incubated and invested in by Binance Labs, officially announced the release of its independently developed stablecoin-native Perp DEX trading protocol. It has been fully launched on the UXUY APP and Web platform, providing trading services covering multiple asset classes such as cryptocurrencies, stocks, and precious metals.

Unlike current on-chain derivative platforms that primarily serve professional traders, quantitative institutions, and high-frequency trading teams, UXUY's Perp DEX uses a stablecoin as its core settlement asset. It aims to lower the barrier to on-chain trading, allowing more ordinary users to participate in the global on-chain financial market more simply and efficiently.

Currently deployed on the BNB Chain, the UXUY Perp DEX will migrate to UXUY's self-developed public chain in the future. Through its independently developed trading protocol, stablecoin settlement system, and open developer ecosystem, UXUY is building a new generation of on-chain financial infrastructure for global users.

Stablecoin Native Trading: Creating a Lower Barrier for On-Chain Derivatives Market

Over the past few years, the on-chain perpetual futures market has developed rapidly.

A new generation of on-chain trading platforms represented by Hyperliquid and Aster have driven decentralized derivative trading into a new stage of development through high-performance matching systems. Industry data shows that the on-chain perpetual futures market has seen rapid growth in recent years and has become one of the fastest-growing trading tracks in the DeFi sector.

However, for a broader audience of ordinary users, there are still several practical obstacles to on-chain trading:

•         Need for Gas Tokens on different chains;

•         Complex wallet operations and cross-chain processes;

•         Limited asset and liquidity options for trading;

•         High barriers to entry for professional trading protocols.

UXUY Founder Kevin stated: "Stablecoins will be a key entry point for future on-chain finance. UXUY has always been committed to building a stablecoin-centric on-chain exchange, whether it's a DEX or a Perp DEX. Users can directly use mainstream stablecoins such as USDT and USDC to participate in on-chain trading without the need for additional main chain assets to pay for Gas. We hope to eliminate the barriers to on-chain interaction through a simpler trading experience, allowing global users to more easily participate in the on-chain ecosystem."

Currently, UXUY has established a fiat-to-stablecoin channel, allowing users to more conveniently purchase, deposit, and trade stablecoins. By using stablecoins as a unified settlement medium, UXUY aims to further reduce on-chain financial transaction costs, making stablecoins a key infrastructure connecting trading, payments, and financial applications.

From Hyperliquid Frontend to Self-developed Perp DEX: Serving a Broader Range of On-chain Trading Users

In July 2025, UXUY completed the integration into the Hyperliquid ecosystem, becoming a key trading gateway within the Hyperliquid ecosystem, providing users with a seamless on-chain perpetual contract trading experience. Users can engage in the Hyperliquid ecosystem through UXUY's one-stop interaction, with over 100,000 users currently participating in on-chain contract trading.

With the growth in user base, UXUY observed:

The future on-chain derivatives market needs to not only meet the needs of professional traders and institutional users but also reduce the entry barriers for ordinary users in on-chain trading.

Therefore, UXUY has begun evolving from the application layer to the protocol layer and infrastructure layer, independently developing a stablecoin-native Perp DEX trading protocol.

This transformation signifies UXUY's shift from a mere trading gateway to gradually becoming a provider of on-chain trading infrastructure.

A Lower-Cost Permissionless Trading Ecosystem

Permissionlessness has always been a key concept of decentralized finance.

However, some on-chain trading protocols currently, although adopting a Permissionless architecture, still have relatively high actual participation costs.

For example, some mainstream perpetual contract protocols require high community approval, ecosystem resources, or economic model support during the asset listing process, making it difficult for early-stage projects and long-tail assets to enter the on-chain trading market. UXUY aims to create a more open, low-cost Permissionless Market Creation ecosystem.

Through its self-developed trading protocol and liquidity system, UXUY is reducing asset access and market creation costs, allowing more innovative projects to complete pricing and value discovery in the on-chain market.

UXUY's goal is not to replicate traditional trading platforms but to build an open-chain financial infrastructure.

ULP Liquidity System: Building an Open On-Chain Trading Market

Unlike traditional AMM perpetual protocols, UXUY Perp DEX adopts an Order Book trading architecture, providing users with a trading experience closer to centralized exchanges (CEX). The order book model can support more complex trading strategies and meet the needs of professional traders for depth, price discovery, and transaction efficiency.

At this stage, UXUY provides foundational liquidity support through ULP (UXUY Liquidity Provider) and combines AI-driven automated strategies to optimize order management, ensuring continuous liquidity for the trading market.

In the future, UXUY will further expand the liquidity network by onboarding more professional market makers to collaboratively build a more diverse on-chain liquidity ecosystem.

Furthermore, as an open trading infrastructure, UXUY will progressively open up trading APIs to support developers in building more applications, including:

•         Automated Trading Bots;

•         Quantitative Trading Strategies;

•         AI Trading Agents;

•         Third-Party Trading Terminals.

With AI Agents gradually entering the on-chain economy, future trading activities will not only be carried out by humans but also automatically executed by intelligent agents.

UXUY aims to provide developers with the foundational infrastructure to build next-generation intelligent trading applications through an open protocol layer.

As stablecoins are becoming a key settlement tool in the global digital economy, on-chain trading is evolving from simple asset exchange to a more open financial infrastructure.

According to industry research such as the Coinbase Institutional Stablecoin Report, stablecoins are increasingly becoming a pivotal settlement layer in the global digital asset market, expanding into payment, trading, and financial use cases.

UXUY believes that the future of on-chain finance should not only cater to a few professional traders but also enable global users to participate in the global market more simply and efficiently through stablecoins.

The launch of UXUY Perp DEX is an important step for UXUY's further evolution from a trading application to on-chain financial infrastructure. UXUY will continue to lower the barrier for user transactions and actively build the next generation of on-chain derivative infrastructure.

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