Zetarium PERP DEX Goes Live on Orderly Network

From closed alpha to mainnet launch

Zetarium PERP DEX first emerged in late 2025 as a specialized perps platform leveraging Orderly Network’s modular orderbook infrastructure. Orderly, launched in 2023, provides backend liquidity and matching for multiple non custodial derivatives venues, with privacy enhancing architecture designed for institutional scale throughput.

During its closed alpha in Q3 2025, Zetarium focused on low latency execution and risk engine optimization. Feedback from this phase shaped the mainnet release, which arrives as DeFi derivatives regain momentum following the broader 2025 market recovery.

Comparable PERP DEX Launches and Market Reactions

Past PERP DEX launches such as dYdX, GMX, Perpetual Protocol, and Hyperliquid typically saw early spikes in user activity, trading volume, and positive market sentiment. Airdrops, incentive programs, and strong execution narratives often drove short term hype, with associated tokens appreciating during periods of rising participation.

Longer term impact depended on sustained volume and ecosystem depth. Successful platforms pushed higher on chain perpetual adoption, accelerated Layer 2 usage, and increased competitive pressure across DeFi derivatives. If Zetarium follows this pattern, consistent trader engagement on Orderly Network could translate into broader ecosystem growth rather than just short lived launch momentum.

Comparison of Zetarium PERP DEX Launch

The Zetarium PERP DEX launch marks a more meaningful upgrade than earlier staking focused updates, shifting the project toward an active trading product with no KYC access and shared liquidity from Orderly Network. Early traction suggests stronger real usage compared with previous incentive led launches.

Against peers, Zetarium sits between newer Orderly based DEXs and established players like GMX or dYdX. While it lacks the scale and reputation of incumbents, its early volume and execution quality appear stronger than many recent PERP DEX launches, broadly meeting expectations.

What readers should watch next

The near term focus is the ongoing airdrop campaign, expected to run until mid February 2026, and confirmation of the $ZET token generation event in Q1 2026. Readers should watch user growth, sustained PERP DEX volume, and leaderboard stability, as these factors will likely influence final airdrop allocations and incentive expansions.

Longer term, attention shifts to execution of the 2026 roadmap, including governance activation in Q2 and ecosystem scaling later in the year. Strong trading activity or new integrations would reinforce momentum, while delays to points syncing, the TGE, or post launch volume drop offs could weaken confidence.