Decentralized perpetual trading goes mobile: THORWallet, the first self-custodial DeFi wallet on mobile, has integrated dYdX, one of the leading decentralized perpetual trading protocols, directly into its app. This partnership will enable THORWallet users to trade over 200 perpetual futures markets fully on-chain with up to 50x leverage without giving up custody of their assets.
Thanks to THORWallet’s cross-chain infrastructure, users can deposit assets into their perpetual trading accounts directly from supported blockchains without leaving the app. In other words, accessing the decentralized Perp market is now as simple as a few taps, eliminating the complexity of regular bridging and using separate interfaces.
$165,000 USDC Prize Pool in Ongoing Trading Contest: To celebrate the launch, THORWallet and dYdX are introducing an exclusive trading contest offering a total of $165,000 in USDC prizes for THORWallet users.
These contests reward top traders who make perpetual trades through THORWallet. This is a great incentive for users to try out the new perpetual trading feature, with six-figure prizes awarded to the most active and successful participants.
THORWallet’s rapid growth and all-in-one DeFi approach
THORWallet has already made a name for itself as a comprehensive DeFi “super app.” To date, the company has processed more than $1.1 billion in total transaction volume across its mobile and web platforms, with explosive growth expected in 2025. The wallet’s deep cross-chain functionality makes it one of the top three transaction volume drivers on networks such as THORChain, Chainflip, and Maya Protocol.
Its feature set goes beyond swaps to offer yield earning, multi-signature security for wallets, and even real-world spending via crypto debit cards. By adding on-chain perpetual futures trading to its product suite, THORWallet positions itself as a one-stop gateway to all things DeFi.
Both retail users and institutional traders can now exchange assets across chains, earn yield, secure capital with multisig, and trade leveraged crypto derivatives for profit or hedge positions, all from one intuitive mobile app.
These impressive numbers and features reflect THORWallet’s mission to make decentralized finance accessible, secure and practical for everyday users.
Large traders, including Whales and DAO Treasury, already trust the platform for high-value swaps, and the team expects permanent trading volumes to increase significantly as users take advantage of on-the-go derivatives trading in a non-custodial environment.
dYdX: A leading decentralized trading company with its own chain
This integration is built on dYdX’s latest evolution, a custom layer 1 blockchain purpose-built for decentralized perpetual transactions. dYdX is fully decentralized and secured by 48 validators around the world, ensuring that no single entity controls the order book or trade execution, aligning with the philosophy of disintermediate finance.
Decentralization does not come at the expense of performance, and the protocol offers a professional-level trading experience with high leverage, deep liquidity, and much lower fees than centralized exchanges.
Currently, dYdX ranks among the top crypto derivatives platforms, with the protocol processing billions of dollars in trading volume every month and cumulative trading volume of just over $1.5 trillion, making it one of the few platforms to reach this milestone.
Double Incentive: $DYDX Rewards Program Benefits THORWallet Users
Beyond the $165,000 trade competition, THORWallet users will automatically benefit from dYdX’s ongoing incentive program. Notably, dYdX recently launched an expanded trading rewards initiative that will distribute up to $20 million in DYDX tokens to traders over nine months. It is one of the industry’s largest on-chain trading incentive pools, designed to reward THORWallet users just for trading on dYdX’s markets.
Starting today, all traders will receive a rebate of 50% of the fees paid to dYdX at the end of each month in $DYDX, deposited directly into their dYdX account in THORWallet.
No sign up required. Anyone who makes a perpetual transaction on THORWallet automatically earns rewards based on transaction volume and fees paid through a transparent on-chain calculation mechanism.
What does this mean for THORWallet users? This means your potential rewards are doubled. Every trade executed through THORWallet’s dYdX integration will not only count toward an exclusive $165,000 contest, but you will also earn a share of dYdX’s global reward pool at the same time.
All DeFi in one wallet
With this dYdX partnership, THORWallet continues to solidify its position as a comprehensive DeFi hub. Users can now exchange assets across chains, provide liquidity and earn yield, make real-world purchases via crypto cards, and trade perpetual futures without giving up custody or moving between multiple apps.
“Our goal has always been to remove friction and integrate the best of DeFi into one user-friendly app,” the THORWallet team emphasized. The integration of top derivatives protocols like dYdX is a big step in that direction, especially as it provides advanced trading capabilities to mobile users in a secure and self-custodial manner.
The road ahead looks exciting. In parallel with the launch of the perpetual token, THORWallet is preparing to launch its own utility token $TITN. Designed to strengthen the app ecosystem, $TITN introduces a Fee Reduction Reward (FRR) utility that returns up to 70% of all transaction fees to token holders.
By matching actual usage with actual rewards, $TITN further unites the THORWallet community and strengthens the loyalty of our growing user base.
Perpetual is now available on the THORWallet mobile app.
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About THOR Wallet
THORWallet is a mobile-first, self-custodial DeFi wallet that allows users to exchange, earn, and spend digital assets across chains from one intuitive app. Built for the masses, it offers native cross-chain swaps, multisig security, and fiat integration including global, multi-currency MasterCard.
THORWallet’s mission is to make decentralized finance accessible, secure, and practical for everyday users. Founded in 2021 and headquartered in Switzerland, the company has facilitated billions in cross-chain swap volume to date and continues to innovate at the forefront of non-custodial finance.
About dYdX
Founded in 2017, dYdX is a DeFi professional trading platform offering over 200 markets with up to 50x leverage on a fully decentralized infrastructure. With cumulative trading volume of over $1.5 trillion, dYdX is one of the leading venues for decentralized trading.
