StandX rolls out SIP4 on BNB Chain, bringing American-style perpetual options and topping $37M+ in on-chain volume
StandX's SIP-4 on BNB Chain adds a new onchain derivatives primitive (American-style options on perpetuals) and reports meaningful early usage ($37M+ volume; ~$94M DUSD supply; 19K+ holders). This strengthens BNB Chain's differentiation in DeFi derivatives and can incrementally support network activity, fees, and BNB's utility as gas/settlement/staking collateral. The planned SIP-5 "Universal Markets" could broaden market listings and liquidity.
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StandX has launched the SIP-4 protocol on BNB Chain, introducing DeFi’s first native American-style options on perpetuals and generating more than $40M in on-chain notional volume. The project’s DUSD stablecoin has a supply of $94M, with more than 19,000 holders. StandX said it is built entirely on BNB Chain’s native infrastructure rather than a fork or copy. The team plans to follow with SIP-5, a universal markets protocol.