Perpetual DEX StandX to shut down and replace token launch with DUSD airdrop
Decentralized perpetual exchange StandX is winding down operations and canceling its planned token release, opting instead to distribute a DUSD airdrop to users.
Decentralized perpetual futures exchange StandX announced it will shut down operations and cancel its platform token launch following a business and market review, according to reports by Wu Blockchain and The Block. Founded by former Binance Futures head Aaron Gong and other industry veterans, the protocol reached over 237,000 users and a peak total value locked exceeding $200 million following its November 2025 mainnet debut.[2][3]
Rather than releasing a native token, StandX plans to conduct a one-time DUSD airdrop with no lockup, funded by remaining protocol revenue and additional team contributions. An official announcement shared by the platform stated that airdrop claims will open on Nov. 1 and close on Dec. 31, while community commentator @anymose reported that an eligibility checker will go live on Oct. 26 to allocate DUSD based on points.[1][2][3]
StandX is winding down services in phases. Yield distributions concluded on Oct. 15, and perpetual trading markets will switch to reduce-only on Oct. 20. All remaining open positions will be automatically closed at mark price on Jan. 15, 2027, with asset withdrawals and DUSD redemptions closing permanently on Jan. 31.[2][3]
Key facts
- StandX announced it will wind down operations and abandon its planned platform token launch following a business review.
- StandX was founded by former Binance Futures head Aaron Gong alongside other industry veterans.
- Since launching mainnet in November 2025, StandX recorded over 237,000 users and a peak total value locked of more than $200 million.
- StandX will distribute a DUSD airdrop with no lockup, funded by remaining protocol revenue and additional team contributions.
- According to @anymose, an airdrop checker will release on Oct. 26 to distribute DUSD based on points.
- StandX announced that airdrop claims will open Nov. 1 and close Dec. 31.
- Yield distributions end Oct. 15, perpetual trading shifts to reduce-only on Oct. 20, open positions close on Jan. 15, and redemptions and withdrawals end on Jan. 31.
Sources · 3 sources
- A�
anymose 🇭🇰@anymosePost on X ·
StandX 即将关闭，挺可惜的 没有发币圈一波，根据积分空投 DUSD ，算是体面的变相退款了。10 月 26 日出 checker，有积分的到时候记得去 Claim，具体能给多少就不知道了。 有人说项目方手续费赚麻了，我不知道，不过 DUSD 利息一直在补贴，只能说存U的人肯定是麻了。苦命的，应该是交易刷积分，且，亏钱的。
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Just In: Former Binance Futures Head's Perp DEX StandX to Shut Down, Scrap Token Launch StandX, a decentralized perpetual futures exchange founded by former Binance Futures head Aaron Gong and other industry veterans, announced it will shut down operations and abandon plans to launch a platform token following a business and market review. Since its November 2025 mainnet launch, StandX says it has served over 237,000 users and reached peak TVL of more than $200 million. Yield distributions will end on October 15, while perpetual trading will become reduce-only on October 20. All remaining positions will be closed by January 15, 2027, with DUSD redemptions and asset withdrawals closing January 31. The team plans a one-time DUSD airdrop funded by remaining revenue and additional team contributions.
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: StandX said it will gradually cease operations, scrap its planned token launch, and airdrop DUSD to users, funded by remaining revenue and team contributions. Its perpetual markets will move to reduce-only on Oct. 20, with any remaining open positions automatically closed at mark price on Jan. 15. DUSD redemptions and withdrawals close on Jan. 31.
Open source