Paradex, a decentralized perpetual futures exchange, experienced a platform-wide outage impacting UI, cloud/API, blockchain components, bridge, block explorer and RPC proxy. The team is performing a rollback and recovery and will force-cancel all open orders except take-profit and stop-loss (TPSL) orders. No cause or timeline for full restoration was provided; users were warned about fake support accounts and directed to the official status page. DefiLlama shows Paradex ranked 8th in 30-day volume with over $37 billion reported activity.

The outage is platform-wide and led Paradex to force-cancel open orders (negative for traders) while preserving TPSL only; no cause or restoration timeline was given. The exchange handles meaningful volume (8th in 30-day volume, >$37B reported), so the outage and order cancellations can affect short-term trading on the platform.