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Helix Makes History as First Perps DEX to List Circle's $CRCL Onchain Post-IPO

Helix Makes History as First Perps DEX to List Circle's $CRCL Onchain Post-IPO

In the fast-paced world of decentralized finance (DeFi), innovation never sleeps. Recently, a tweet from Helix Markets caught our eye at Meme Insider, highlighting a milestone that blends traditional finance (TradFi) with the onchain revolution. Helix, the premier decentralized exchange built on the Injective protocol, proudly claimed to be the first perps DEX to list Circle's $CRCL onchain. And guess what? It's a true story, backed by a clip from Injective's co-founder sharing the details.

For those new to the lingo, a perps DEX refers to a decentralized exchange that specializes in perpetual futures contracts—these are like ongoing bets on asset prices without expiration dates, allowing traders to go long or short with leverage. Circle, the company behind the popular USDC stablecoin, went public in June 2025 with the ticker $CRCL on the NYSE, marking a big step for crypto-native firms entering mainstream markets.

The tweet quotes an earlier announcement from June 5, 2025, when $CRCL perpetual futures went live on Helix. It cheekily nods to Robinhood, implying that even centralized platforms can't gatekeep trading anymore. Traders can now access this market 24/7 with up to 25x leverage, all onchain.

Helix announcement of $CRCL perpetual futures launch

What makes this exciting for meme token aficionados? Well, Helix isn't just about blue-chip assets; it's a hub where volatile meme coins often find their perp markets too. By pioneering the onchain listing of a fresh IPO like Circle's, Helix demonstrates how DeFi can outpace TradFi in accessibility and speed. Powered by Pyth Network, which provides real-time oracle data for accurate pricing, this move ensures reliable feeds for assets across over 100 blockchains via Injective's ecosystem.

In the accompanying video clip, Injective's co-founder (likely Eric Chen) recounts the "cool little historic on-chain moment" when they brought $CRCL onchain the same day as the IPO. It's a testament to the agility of blockchain tech—making a newly public company's stock available for leveraged trading instantly, without the usual barriers.

This development could inspire more meme token projects to explore perps listings, enhancing liquidity and trading options. As meme tokens thrive on hype and volatility, platforms like Helix lower the entry barriers, letting anyone trade from anywhere.

If you're into meme tokens or just curious about DeFi's edge over traditional markets, check out the original tweet for the full vibe. It's moments like these that remind us why blockchain is reshaping finance—one onchain listing at a time.

For more insights on meme tokens and cutting-edge blockchain news, stick with Meme Insider. What's your take on this DeFi milestone? Drop your thoughts in the comments!

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