Bee Network Unveils Preview of Perpetual DEX Beta Amid Growing Derivatives Market

Mobile cryptocurrency mining application, Bee Network, has unveiled plans for its own perpetual decentralized exchange, known as Bee Perptual Decentralized Exchange (DEX). The protocol’s announcement, shared via its official X account, highlights the beta's availability in the Bee Wallet app, while acknowledging the technical support from OKX. 

This upcoming product, should it go live, will position Bee Network in the competitive perpetual DEX sector, where cumulative trading volumes are expected to exceed $1.5 trillion in 2025, more than double the figure from 2023.

The Bee Perp DEX: What we Know

According to the protocol’s preview shared in the X announcement, the Perpetual DEX is in beta version, and is accessible through the Bee Wallet app. As the name implies, the product supports perpetual futures trading without requiring additional user verification beyond the app's existing processes. 

Earlier in 2025, Bee Network entered a collaboration with the centralized cryptocurrency exchange to enhance app features and introduce a co-branded crypto debit card. This partnership allowed a limited number of users to apply for the card at no cost, integrating fiat-to-crypto spending options into the ecosystem. 

The Perp DEX preview builds on this relationship, with Bee Network explicitly thanking OKX for technical support in the announcement. In responses to user queries on X, Bee Network representatives have stated that the DEX is "powered by OKX," but the exchange has not issued any public statements confirming involvement. 

Meanwhile, community members, or Beelivers, have speculated that OKX selected Bee Network as its perpetual DEX partner, noting that other major centralized exchanges, such as Binance, have backed competitors like Aster. Aster, operating on the BNB Chain, has seen high trading volumes following its token launch.

Significance of Perpetual DEXs in 2025

Perpetual DEXs have become a significant segment of the cryptocurrency derivatives market, with total trading volumes surpassing $1.5 trillion in 2025, compared to less than $750 billion in 2023. In the second quarter of 2025 alone, volumes reached $898 billion. According to Defillama, the volume of Perps across all chains has increased by 230.72% over the last seven days, with total Perps volume surpassing $900 billion in the last 30 days. 

These platforms enable the trading of perpetual futures contracts on decentralized networks, often utilizing mechanisms such as automated market makers or order books. Leading examples include Hyperliquid, which employs app-specific chains for scalability, and Aster, supported by Binance and utilizing zero-knowledge proofs for transaction privacy. Ethereal is another competitor noted for its focus on cross-chain interoperability.

The rise in perpetual DEX activity stems from increased demand for self-custodial trading, where users retain control over their private keys, thereby reducing their reliance on centralized custodians. Centralized exchanges have increasingly supported these decentralized counterparts to capture derivatives volume, as seen with YZi Labs' involvement in the Aster project.

Bee Network's entry into this space emphasizes mobile accessibility, aiming to leverage its user base for adoption. The beta's integration into the Bee Wallet app allows verified users to test features without further identity checks, potentially lowering barriers for retail participants. However, without a full launch, details on specific technical implementations, such as the underlying blockchain, funding rate calculations, or liquidation engines, remain undisclosed.

In other news, users have called for more information on the Bee token generation event and mainnet deployment. Tokenomics, including supply schedules and utility functions for BEE tokens within the DEX, have not been detailed in official communications.

Conclusion

Bee Network's preview of its perpetual DEX is one to watch. However, with the platform’s delay in mainnet launch and subsequent TGE, doubts persist within the community. The beta, accessible without additional verification, positions the project in a booming perps market, amid competition from platforms like Aster and Hyperliquid. 

While some support from the community exists, the lack of confirmed partnerships and detailed roadmaps highlights areas for further clarification. Monitoring official channels for updates on mainnet and tokenomics remains advisable for those tracking the project's progress. 

Sources:

• Aster Fuels Perpetual Volume Surge: https://cointelegraph.com/news/aster-perpetual-dex-volume-record-70b 
• Bee Network’s userbase increase: https://www.ccn.com/analysis/crypto/bee-network-bee-50m-users-market-watching-next-pi-network/ 
• Bee Network Website: https://www.bee.com/