Radix Rewards and Hyperlane have only been live for a week, and the results already speak volumes. TVL on Radix has nearly doubled, DEX volume is up over 50% week-on-week, on-chain transactions have surged 2–3x per day, and the amount of XRD burnt in fees has more than doubled.
Radix is also approaching the $10m TVL milestone which would unlock an extra 10 million XRD for the Season 1 reward pool.
Momentum is building fast. And now, there’s a brand-new way to earn.
A New Category: Perpetual Trading on Surge
Season 1 of Radix Rewards is expanding to include perpetual trading on Surge, Radix’s decentralised perpetual DEX. This will be tracked from 00:00 UTC on Monday, September 15th.
Unlike spot trading, perpetuals allow you to go long or short on popular cryptocurrencies. On Surge, all trades are denominated in USD terms for clarity and simplicity. Surge also lets traders manage multiple positions from a single pool, so there’s no need to split collateral across trades. With up to 50x leverage and multiple order types (market, limit, stop-limit), Surge gives traders real flexibility.
Which Assets Earn Rewards?
Surge supports a wide lineup of pairs, and all trading on any pair/asset will count towards Radix Rewards points in Season 1. That means you can trade perps on assets such as: BTC, ETH, SOL, XRD, SUI, DOGE, ADA, HYPE, LINK, PEPE and BNB while earning points!
The more volume you trade, the more Radix Rewards points you’ll earn, and the bigger your share of the Season 1 rewards pool.
Plus, next week when Surge trading is tracked in Radix Rewards, we’re doubling the amount of Season points trading earns! That means that from 00:00 UTC on Monday September 15th, you can earn twice as much SP from trading on any DEXs or Surge than you did this week, making it a great way to climb up the leaderboard.
Why This Matters
Adding Surge to Radix Rewards marks another step in diversifying how users can participate. From swaps, lending, liquidity, and now perpetual trading, Season 1 is about rewarding activity across the entire DeFi stack. The growth we’ve already seen in just one week is proof: Radix Rewards is working.
With nearly $10m TVL already in sight and more reward categories opening up, this is just the beginning.
Don’t Miss Your Share of 1 Billion XRD
Radix Rewards is one of the largest incentive campaigns in DeFi, with up to 1 billion XRD on the line. Every trade, every pool, and every position you open on Radix helps to grow the ecosystem and earn you points that unlock your share of the rewards.
Whether you’re a DeFi pro or just getting started, Season 1 is your chance to be part of Radix’s explosive growth and claim your piece of the action.
Sign up now at incentives.radixdlt.com and start earning today.