Dexlyn just wrapped up the first episode of its weekly X Space — The Dexlyn Space — and it was packed. If you missed it, don’t worry — we’ve got you covered.
From upcoming feature drops like Perpetuals and Concentrated Liquidity, to the inside scoop on $DXLYN, SupraNS, and what’s coming in June, this one was a total alpha fest. Here’s a full breakdown of everything we talked about — all signal, no fluff.
Dexlyn’s Journey So Far
We kicked things off with a quick recap of how far Dexlyn has come.
The team shared how it all started over a year ago, right around June — with several milestones since:
- The Testnet Trading Game
- The mainnet launch
- And of course, SupraNS going live
There were nerves, sure — launching on a brand-new chain like Supra isn’t for the faint-hearted. But with solid backing from the Supra dev team and some hard choices around token architecture, Dexlyn’s core products are now live and thriving.
Bridging to Supra: A Challenge Turned Opportunity
One of the biggest early challenges we faced was liquidity. Since Supra is a brand-new Layer 1, there wasn’t a native bridge that allowed users to move assets in from other chains — and that made onboarding a real pain.
We always knew volume would take time, but we needed a way for users to even get here in the first place. So, we sat down with the Supra dev team — and two months before mainnet — decided to build a bridge from scratch.
That might sound wild, but the devs pulled it off. And fast. Building a bridge on Move isn’t easy — most of the existing infra doesn’t play nice with Move chains. But the team worked round the clock and delivered.
Since then, we’ve had three audits on the bridge, and it’s solid. It currently supports Ethereum, and we’re actively working to add EVM chains, Aptos, Solana, and Sui in the next phase.
SupraNS – Laying the Foundation for Better UX
One of our biggest beliefs at Dexlyn is this — if users still have to remember complicated wallet addresses in 2025, we’re not doing our job right.
That’s where SupraNS comes in. It was easily our most stressful launch — but also our most successful one.
SupraNS lets users register human-readable names like abc.supra or xyz.supra and use them across the Supra ecosystem. Starkey Wallet now supports full send/receive through these identities — just search a SupraNS name and you’re good to go.
This wasn’t just about names, though. It’s about onboarding.
Supra’s infra gave us the building blocks:
- Dedicated blockspace via containerized architecture
- On-chain automation we’ll soon be using for features like limit orders.
- And native oracles right on the L1
All of that made it possible to build SupraNS the right way. And the response? Crazy. 10,000+ names were registered within the first 24 hours.
That kind of traction tells us we’re on the right track. SupraNS is just the first step — but it sets the tone for everything we’re building to make Web3 actually usable.
What’s Coming Next – Perpetuals
Here’s where things started heating up.
The Dexlyn team announced that Perpetuals are coming — with a beta set for June.
Quick explainer:
Perpetuals are like futures contracts, but without any expiry date. You can hold your position as long as you keep your margin intact. And a funding rate mechanism keeps the contract price close to the spot price.
Why does this matter?
Because it lets traders take leveraged positions without worrying about expiration. It also brings Dexlyn into real competition with CEXs, but with a fully on-chain flavor.
The Architecture
The Perpetuals rollout will happen in two phases:
- Beta Version (June): Settlement happens on-chain (Supra). Keeper functions handled off-chain for now.
- Full Rollout (July): Keeper functions go on-chain too, powered by Supra Automation.
The phased approach helps Dexlyn test the core mechanics safely — while gradually moving toward full decentralization.
Alpha Drop #2: Concentrated Liquidity
Right after dropping the Perps news, the team went straight into their Concentrated Liquidity launch plans.
Also coming in June, this upgrade gives liquidity providers (LPs) more control — and better capital efficiency.
Here’s how it works:
In a typical AMM pool (like Uniswap V2-style), your liquidity is spread across the entire price curve — even parts that aren’t seeing action.
With Concentrated Liquidity, you choose a price range.
If the token trades inside that range, your capital gets used — and you earn a better share of the trading fees.
If it trades outside your range, your capital isn’t used (but also isn’t exposed).
This means:
- Better execution for traders
- Higher potential APRs for LPs who manage ranges well
- Less wasted liquidity in dead zones
And yes, this will be optimized for Supra’s architecture — making it even more efficient than similar designs on older chains.
A Quick Recap (So Far)
So in June, here’s what Dexlyn users can expect:
- Perpetuals Beta on Supra
- Concentrated Liquidity goes live
- SupraNS Marketplace officially launching
And that’s just the start.
Utility of $DXLYN: What It’s Really For
Let’s talk about the Dexlyn token.
$DXLYN isn’t just a governance token.
It’s the backbone of the platform — tying together staking, rewards, and long-term protocol direction.
Here’s how it works:
- Users stake $DXLYN to receive veDXLYN
- veDXLYN holders control emissions (where liquidity mining rewards go)
- They also get a cut of platform fees, across Dexlyn’s products
- And they get governance rights to vote on future upgrades, listings, and incentives
So the more you lock, and the longer you lock — the more veDXLYN you receive, and the more say you have.
This model is based on vote-escrow, similar to the ve(3,3) system — tried and tested across major DeFi protocols.
Emissions Schedule: No Hyperinflation Here
The team also dropped some quick alpha on how emissions will be handled.
- 2% emissions growth weekly (for the first 12 weeks)
- Goal: Circulating supply reaches 25–30% of total supply within 3 months
- Designed to grow gradually and avoid wild dumps
This release model keeps things sustainable and aligns early participants with long-term goals.
Security & Audits
This part matters — especially with new features like Perpetuals and Concentrated Liquidity.
The team confirmed that:
- Dexlyn has already been audited by CertiK and Hacken
- Further audits will cover each new release
- Real-time monitoring tools are in place to catch anomalies and keep the platform safe
Security is being taken seriously — and it’s baked into every step of the rollout.
What About the SupraNS Marketplace?
Briefly mentioned toward the end — the SupraNS Marketplace is also coming in June.
You’ll finally be able to trade, list, and buy SupraNS names on-chain.
Think of it as a next-gen name system marketplace — with full Supra integration, and Dexlyn at the center of it all.
Community Q&A and Giveaway
The episode wrapped up with a short Q&A session and a quick giveaway shoutout.
As expected, the community came through with smart questions, especially around:
- Timing of the $DXLYN TGE
- Future plans for liquidity incentives
- Whether additional chains will be supported soon
(We’ll be diving deeper into these topics in future episodes.)
Final Thoughts: June Is the Month
This episode wasn’t just a chat — it was a heads-up.
Dexlyn is not sitting still. With multiple core features launching in June, a strong governance model for $DXLYN, and Supra’s L1 tech supporting it all — things are moving fast.
If you’re a trader, LP, or builder on Supra — Dexlyn is your home base.
Missed the episode?
Catch the full recording here — or bookmark this post for a quick refresher anytime.