Astonishing Increase in Apex's Total Value Locked Reaches $95 Million, Approaching a Whopping $100 Billion in Total Volume
Apex Omni: A Leading Decentralized Exchange for Perpetual Futures
In 2024 and beyond, Apex Omni, a decentralized derivative trading platform, has emerged as a next-generation decentralized exchange (DEX) focusing on perpetual futures trading. With key strengths in deep liquidity, low fees, and Layer-2 scalability, Apex Omni offers a unique experience for institutional and corporate users.
Expansion in 2024
Apex Omni's expansion in 2024 has been marked by several significant developments. The platform benefits from Bybit's extensive liquidity providers, enabling deep liquidity pools on major pairs like Bitcoin (BTC) and Ethereum (ETH), facilitating large corporate trades with minimal slippage and no gas fees on trades.
The platform's core focus is on perpetual futures contracts, offering an order book model combined with Layer-2 aggregation for fast, gasless trading. This positions it uniquely among decentralized perpetuals platforms, which often use Automated Market Maker (AMM)-style models or zk-rollups.
Liquidity and Trading Volume
Leveraging Bybit's liquidity providers, Apex Omni boasts deep liquidity with features to reduce slippage even for sizable trades. This liquidity strength is essential for institutional and corporate users looking for predictable large-volume execution in a decentralized environment.
While exact cross-chain volume statistics for Apex Omni are not specified, the overall decentralized perpetual market in 2024 reached $1.5 trillion in trading volume. Platforms like dYdX, GMX, Hyperliquid, and others are expanding into multichain interoperability and Layer-2 solutions to boost throughput and liquidity. Apex Omni is part of this broader trend but is more narrowly focused on Layer-2 speed and order book efficiency rather than broad multichain innovation.
Asset Distribution
On the Apex Pro platform, Ethereum accounts for 99% of deposited liquidity, while USDC and USDT make up 58% and 42% of the deposited assets, respectively.
As of August 2024, Apex's total value locked (TVL) surpassed $95 million, and on August 31, the TVL reached a record high of $6.6 million on the Omni platform. The Omni platform has also seen significant growth, with nearly $89 million of liquidity on Apex Pro, accounting for over 90% of the project's TVL.
In summary, Apex Omni's 2024 expansion centers on delivering a scalable, low-fee, high-liquidity Layer-2 DEX experience for perpetual derivatives that serve both corporate and institutional needs, anchored by Bybit's liquidity and API integration capabilities. While it doesn't lead in TVL compared to giants like Hyperliquid, it is notable for its technical design, fee model, and corporate user focus within the decentralized derivatives ecosystem.
Apex Omni's daily news includes updates on its growth in the finance sector, with the platform leveraging Bybit's liquidity to boost trading volumes in technology-focused assets like Bitcoin and Ethereum. In addition, the platform's focus on perpetual futures trading sets it apart from other decentralized exchanges, providing a unique experience for institutional and corporate users seeking deep liquidity and low fees.
