Catenaa, Wednesday, August 20, 2025-Extended, a decentralized perpetual trading exchange led by former Revolut crypto chief Ruslan Fakhrutdinov, launched on the Ethereum Layer 2 network Starknet last week, expanding its derivatives offering to the growing DeFi market.
The platform, previously running on StarkWare’s StarkEx scaling solution, now operates fully on Starknet, featuring over 50 trading pairs, including crypto, gold, S&P 500, oil, and forex pairs like EUR/USD, with leverage up to 100 times.
Extended’s move aims to combine institutional-grade derivatives with the openness of DeFi, offering seamless access to traders via any Ethereum Virtual Machine or Starknet-compatible wallet.
Since its inception, Extended has reported average daily trading volumes of $319 million, open interest exceeding $55 million, and a repeat depositor rate of 55%, generating around 70% annual percentage return over the last 30 days.
The migration to Starknet will proceed in three phases starting Aug. 12. Both StarkEx and Starknet versions will run concurrently for two weeks before StarkEx vault deposits close and the legacy system winds down.
StarkWare CEO Eli Ben-Sasson highlighted the significance of a fintech veteran-led team building on Starknet, emphasizing the network’s scalability and composability as key attractions for high-profile projects like Extended.
Notably, Extended’s perpetuals DEX remains inaccessible to U.S. users due to regulatory constraints.
This launch marks an important milestone for Starknet and decentralized derivatives, reinforcing the shift toward scalable, interoperable Layer 2 blockchain solutions.
