PopDEX's TVL exceeded US$61 million in closed testing, with transaction volume reaching US$2 billio

PopDEX's total locked positions exceeded US$61 million during the closed test period, and the cumulative trading volume reached US$2 billion.

Singapore, September 14, 2026 -PopDEX, a trader-centered sustainable and decentralized exchange, has made significant progress during the closed test phase. At present, its total locked position volume (TVL) has exceeded US$61 million, and the cumulative trading volume has reached US$2 billion. This achievement marks initial recognition in terms of liquidity and trading activity as the platform lays the early foundation for broader market expansion. Currently, the platform supports 66 trading pairs covering major cryptocurrencies, real-world asset (RWA) related markets, and emerging assets.

These milestone data suggest that trading activity and liquidity on PopDEX are steadily developing despite still in closed testing. Using this period, the platform tested its market structure in a real market environment, collected feedback from traders and liquidity providers, and expanded the accessible market range through an on-chain trading environment.

"The closed test is designed to verify whether traders will actually use the product we are building, and the $2 billion trading volume gives a very clear answer," said Zach Prater, head of traders at PopDEX. "The more important part now is to learn from these activities. Traders tell us they desire deeper market liquidity, faster execution speeds and better tools, and we are using this feedback to shape PopDEX to improve the product before it opens wider."

CLOB-based market structure and high-performance execution

PopDEX is built around a continuous order book (CLOB)-based market structure designed to support professional-level liquidity delivery while maintaining a Trading experience that is responsive to individual users. Through block batch processing and intra-block transaction sequencing, the platform's target execution response time under normal conditions is approximately 100 - 150 milliseconds.

In addition, in order to support clearing monitoring, condition orders and risk management, the platform introduces more frequent price index updates and tagged price updates. At the same time, the platform is still testing clearing and automatic lightening system (ADL) scenarios under extreme market conditions to ensure system robustness.

Market coverage expansion and mobile optimization

With the improvement of the underlying transaction infrastructure, market coverage is also expanding. During the closed testing period, PopDEX added new cryptocurrency, RWA-related and community-driven markets. Recently, in response to hot demand for Robinhood Chain and BNB Chain assets, the platform launched perpetual contracts for PONS, CASHCAT and MARSCOIN. As PopDEX develops broader global asset exposure, further market expansion plans are also in the works.

Closed testing also serves as a real-time development environment. Feedback from traders and API users has driven improvements in account access, deposits and withdrawals, position management, risk visibility, and API execution. Currently, PopDEX is committed to creating a more friendly mobile transaction experience through H5 browser support and dedicated mobile applications.

Incentive mechanism innovation and strategic financing

The platform is also exploring structured ways of trading incentives. Its third closed test reward allocation recognized early traders and community contributors, and based on public community receipts, the highest reward received by a single address in the latest round exceeded $3,300. PopDEX's "Meme Gang War" event (held from September 7 to September 21) takes a different approach: the winner is not determined solely by trading volume, but by the proportion of eligible participants who realize current gains.

PopDEX's closed test development follows a $30 million strategic seed investment led by Foresight Ventures in May 2026, which will be used to support liquidity, transaction depth, product development and global market expansion. In addition, PopDEX also works with ecosystem partners such as Bitget Wallet to reduce friction between users accessing sustainable markets along the chain.

As closed testing deepens, PopDEX will continue to focus on deeper liquidity, more diverse markets, execution infrastructure, and greater accessibility across devices. Its long-term goal is to create an on-chain derivatives venue where cryptocurrencies and the broader global market can trade with the depth, execution and risk infrastructure required by active and professional traders.

About PopDEX

PopDEX is a trader-centered, sustainable decentralized exchange that focuses on capital efficiency, professional trading experience, transparent market structure and value feedback to active contributors. PopDEX is building an on-chain trading venue that covers cryptocurrencies, RWA-related markets and broader global asset exposure.