APX Finance is experiencing renewed interest from the market after launching perpetual contracts for meme tokens $BANANAS31 and $MUBARAK through Astherus. 

The momentum is also supported by a sharp increase in APX's token price, up over 21% in the past 24 hours, backed by strong fundamentals and a transparent tokenomic model that includes a massive token burn.

The attention around meme tokens like BANANAS31 is certainly a factor, but there’s more under the hood of APX’s rise, including high leverage trading, two robust perpetual product models, and long-term sustainability through tight token allocation.

How APX Finance Powers Derivatives Trading on BNB Chain and Beyond

APX Finance is a decentralised derivatives exchange offering both order book and on-chain perpetual products, with support across several blockchains including BNB Chain, Arbitrum, Ethereum, zkSync, Base, Manta, and opBNB.

APX V1 runs an order book model with off-chain matching and on-chain settlement. This means traders benefit from high-speed transactions with the security of decentralised fund custody. 

V1 supports up to 100x leverage across more than 95 markets, making it ideal for seasoned traders looking for precision and speed. Fees remain competitive at 0.02% for makers and 0.07% for takers.

On the other hand, V2 is a fully on-chain perpetual product that allows trading with up to 250x leverage and no slippage under “Degen Mode.” 

It uses an Automated Liquidity Pool (ALP) model with liquidity provided for all trading pairs. Pricing is powered by a dual-oracle system, for improved accuracy.

For both modes, APX offers a permissionless DEX engine, meaning any project can spin up their own on-chain perp DEX using APX’s backend and liquidity pools. This flexibility supports growth not just for APX, but for the wider ecosystem of DeFi traders and builders.

Read more: DeFAI: The New Crypto Trend

Breaking Down APX’s Tokenomics and Burn Strategy

The fundamentals of APX are deeply rooted in its well-balanced tokenomics. The max supply of APX is capped at 10 billion, but that figure was significantly reduced thanks to a major token burn initiative carried out in April 2022.

In total, 5.755 billion APX tokens were burned, reducing the circulating and potential supply by over 57%. This burn targeted unutilised portions of trading rewards and community allocations, with the goal of strengthening long-term value.

Here’s how the allocation changed after the burn:

• User Trading Rewards: Cut from 4.4B to 2.1B APX
• Community Treasury: Reduced from 4.455B to 1.1B APX
• Marketing & Partnerships: Trimmed from 500M to 400M APX
• Total Supply Post-Burn: Now at 4.2B APX

Current distribution reflects a strong focus on platform growth:

• 50% (2B APX) goes to Trading and Liquidity Provider Rewards over 10 years
• 26.2% (1.1B APX) is held in the Community Treasury for future product launches like GameFi, DAO, and SocialFi
• 9.5% (400M APX) is allocated to long-term Marketing & Partnerships (vested over 5 years)
• 8.3% (350M APX) is reserved for early users via Retroactive Mining Rewards
• 6% (250M APX) was used for PancakeSwap listing

This burn and reallocation strategy reveals that APX is thinking long-term, ensuring the token remains scarce while rewarding active participants through incentives and trading rewards.

The Role of BANANAS31 and Meme Coins in the Current APX Surge

While strong fundamentals keep APX stable, meme coins like $BANANAS31 and $MUBARAK are adding serious momentum. 

These tokens were recently listed as perpetual contracts on Astherus, a derivatives playground connected to APX’s backend. Meme coins thrive on volatility, and traders often seek platforms where they can amplify gains with leverage.

The listing of BANANAS31 in particular has caught the attention of the community, thanks in part to its quirky branding and growing trading volume. 

The ability to trade these meme tokens with up to 25x leverage on APX and Astherus has attracted degens looking to capitalise on short-term movements.

Trading meme coins on derivatives platforms like APX adds an entirely new layer of speculative opportunity, which explains why the recent listing has coincided with a surge in APX’s token value and trading activity.

Read more: What is GRIFFAIN Solana-Based DeFi Platform

Why Bitrue Is the Best Place to Trade BANANAS31 Spot

While APX leads the perpetual market for meme tokens, spot traders can find BANANAS31 now listed on Bitrue, one of the top exchanges for new meme coin listings. 

Bitrue’s listing of BANANAS31 means users can access the token directly without needing to use leverage or perpetual products.

This is a significant opportunity for traders who prefer to buy and hold or for those just entering the meme coin scene. Bitrue’s platform is user-friendly, supports high liquidity, and regularly lists the most buzzworthy tokens before they hit the mainstream.

With Bitrue now hosting BANANAS31 and WHY, alongside other top trending assets, it’s becoming the go-to platform for catching meme tokens early, making it a perfect complement to trading perp contracts on APX.

Conclusion

The recent surge in APX token price is no accident. Backed by a well-structured perpetual trading ecosystem, reduced token supply through a massive burn, and the listing of high-volatility meme tokens like BANANAS31, APX Finance is setting itself apart in the decentralised derivatives market. 

As meme coin season returns, traders now have more ways than ever to engage, with leverage on APX or with spot trading on Bitrue.

This combination of strong fundamentals, innovative trading infrastructure, and exposure to meme coin hype makes APX one of the most interesting platforms to watch right now.

Frequently Asked Questions

1. What caused the recent surge in APX’s price?
The price increase is largely attributed to new meme coin perp listings ($BANANAS31 and $MUBARAK), alongside strong trading activity and a reduced token supply due to past burns.

2. Can I trade BANANAS31 without using leverage?
Yes, BANANAS31 is also listed on Bitrue for spot trading, which allows users to buy and sell without using perpetual contracts or leverage.

3. What makes APX different from other perpetual DEXs?
APX offers both order book and on-chain perp options, supports up to 1001x leverage in Degen Mode, and features deep liquidity and minimal slippage—all while maintaining transparency through its smart contract-based system.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

Bitrue Official Website:

Website: https://www.bitrue.com/

Sign Up: https://www.bitrue.com/user/register

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.