This is our independent Extended Exchange Review (2026). Can an ex-Revolut team bring fintech polish to DeFi perpetuals? With 50+ markets on Starknet and a vision for unified margin across perps, lending, and spot — is Extended the sleeper hit of the perp DEX wars? And with no token yet, is this the best airdrop opportunity left?
Quick Summary
Extended is a perpetual DEX built on Starknet by former Revolut executives, offering 50+ crypto and TradFi perpetual markets with up to 100x leverage. The platform raised $6.5M from Tioga Capital, StarkWare, and Lido co-founder Konstantin Lomashuk. Extended's ambitious vision — unified margin logic across perps, lending, and spot — aims to create the most capital-efficient trading system in DeFi. With no token yet and an active points program, Extended represents one of the most promising airdrop opportunities in the perp DEX space.
Key Highlights: Ex-Revolut team (Head of Crypto Operations), Starknet ZK-rollup security, 50+ perpetual markets, 100x leverage, USDC collateral, unified margin vision, StarkWare backing, and active points farming campaign with no TGE date announced.
What is Extended Exchange and How Does It Work?
Extended is a perpetual decentralized exchange built on Starknet, the ZK-rollup Layer 2 network. What sets it apart is the team: led by Ruslan Fakhrutdinov, former Head of Crypto Operations at Revolut, the platform brings fintech-grade product design to DeFi derivatives.
The platform launched on Starknet mainnet in August 2025, offering perpetual contracts on both crypto assets and TradFi instruments. Extended uses USDC as collateral with leverage up to 100x across 50+ markets.
Technical Architecture:
- Starknet Layer 2: ZK-STARK proofs for scalability and security
- Oracle-Validated Pricing: Institutional-grade price feeds
- On-Chain Settlement: Full transparency and verifiability
- Cross-Chain On-Ramps: Direct funding from other networks (in development)
What Makes Extended Unique Compared to Other DEXs?
Extended's differentiation comes from its team pedigree and ambitious product roadmap:
1. Ex-Revolut Team
Unlike most DeFi teams with purely crypto backgrounds, Extended's founders built products for millions of retail users at Revolut. This shows in the product focus on UX and the vision for wallet-native trading.
2. Unified Margin Vision
Extended is building toward a revolutionary unified margin system:
- Phase 1: Native lending market — post any asset as collateral, earn yield
- Phase 2: Spot markets integration
- Phase 3: Cross-asset collateral with unified margin across all products
3. Wallet-Native Trading
Extended is working on native integrations with major mobile wallets, making perpetuals accessible directly within wallet interfaces — similar to how swaps work today. This could unlock a massive retail audience that other perp DEXs haven't reached.
4. TradFi Perpetuals
Like Aster and ApeX, Extended offers perpetual contracts on traditional assets, enabling 24/7 trading of stocks and indices with crypto collateral.
5. StarkWare Backing
As a StarkWare-backed project, Extended benefits from direct technical support and ecosystem resources from the team building Starknet.
Best Features of Extended
Trading Products
- 50+ Perpetual Markets: Crypto and TradFi assets
- Up to 100x Leverage: Competitive with top perp DEXs
- TradFi Perps: Stocks and indices available
- USDC Collateral: Stable, predictable margin
Upcoming Features
- Native Lending: Post yield-bearing assets as collateral
- Spot Markets: Integrated spot trading
- Unified Margin: One margin account across all products
- Wallet Integrations: Trade directly from wallet apps
Infrastructure
- Starknet L2: ZK-STARK security with Ethereum settlement
- Cross-Chain On-Ramps: Direct funding from other networks
- Mobile-First Design: Revolut-grade UX
Advantages and Disadvantages of Using Extended
Advantages
- Fintech Team: Ex-Revolut expertise in retail product design
- Unified Margin Vision: Most ambitious product roadmap in perp DEXs
- StarkWare Backing: Direct support from Starknet builders
- Strong Investors: Tioga, Semantic, Lido co-founder, Revolut executives
- No Token Yet: Prime airdrop opportunity
- 100x Leverage: Competitive with top platforms
- TradFi Assets: Stock and index perpetuals
Disadvantages
- Starknet Ecosystem: Smaller ecosystem than Ethereum or Arbitrum
- Early Stage: Newer platform with less volume than leaders
- Unified Margin Not Live: Core differentiator still in development
- Lower Liquidity: Less depth than Hyperliquid or Aster
- Starknet On-Ramp: Bridging friction for non-Starknet users
How Secure is Extended?
Extended inherits Starknet's robust security model:
Security Architecture
- Starknet ZK-STARKs: Cryptographic proofs verify all transactions
- Ethereum Settlement: Final settlement on Ethereum mainnet
- Oracle Validation: Institutional-grade price feeds
- Non-Custodial: Users control their own funds
Risk Factors
- Early Platform: Less battle-tested than established DEXs
- Starknet Dependency: Inherits any L2 risks
- Lower Liquidity: Thinner books than major competitors
Investor Confidence
The $6.5M raise from StarkWare, Tioga Capital, and prominent angels (including Lido co-founder) signals serious institutional validation of the team and vision.
Extended Points Program
Extended launched its points farming campaign on April 30, 2025:
How to Earn Points
- Trading: Generate volume on perpetual markets
- Referrals: Bring new users to the platform
- Liquidity: Provide liquidity when available
Airdrop Potential
With no token announced and an active points program, Extended represents one of the best remaining airdrop opportunities in the perp DEX space. The strong VC backing ($6.5M) suggests a token is likely planned.
Extended vs Other Perp DEXs
| Feature | Extended | Hyperliquid | Aster |
|---|---|---|---|
| Chain | Starknet | Own L1 | Multi-chain |
| Max Leverage | 100x | 50x | 100x |
| Markets | 50+ | 100+ | 70+ |
| Token | Not yet | HYPE live | ASTER live |
| TradFi Perps | ✓ | ✗ | ✓ |
| Unified Margin | Coming | ✗ | ✗ |
| Team Pedigree | Revolut | Crypto-native | APX Finance |
Choose Extended if: You want early exposure to a Revolut-quality team and unified margin vision
Choose Hyperliquid if: Maximum liquidity and established platform are priorities
Supported Wallets
- Argent (Starknet native)
- Braavos (Starknet native)
- MetaMask via bridge
How to Get Started with Extended
- Visit extended.exchange
- Connect a Starknet wallet (Argent or Braavos)
- Bridge USDC to Starknet (or use cross-chain on-ramp when available)
- Deposit USDC as collateral
- Start trading perpetuals across 50+ markets
- Earn points for potential airdrop
DEX Evaluation Scoring Table
| Feature Category | Score (1-5) | Weight | Notes |
|---|---|---|---|
| Security & Audit Integrity | 4.3 | High | Starknet ZK-STARK security, StarkWare backing |
| Trading Features | 4.0 | High | 50+ markets, TradFi perps, unified margin coming |
| Blockchain & Token Support | 3.5 | Medium | Starknet only, cross-chain on-ramps in development |
| Wallet Compatibility | 3.8 | Medium | Starknet wallets required (Argent, Braavos) |
| User Protection & Risk Management | 4.2 | High | ZK security, oracle validation |
| User Experience & Support | 4.4 | Medium | Revolut-grade UX design philosophy |
| Community Reputation | 3.7 | Medium | Growing, strong team reputation |
| Incentives & Rewards | 4.5 | Low | Active points program, airdrop potential |
| Onboarding & Accessibility | 3.6 | Medium | Starknet bridging adds friction |
| Transparency & Governance | 4.0 | Medium | Clear roadmap, governance planned |
Overall Score: 4.0/5
Conclusion: Is Extended Right for You?
Extended is a bet on two things: the ex-Revolut team's ability to build exceptional products, and the unified margin vision becoming reality. Neither is guaranteed, but both have strong foundations.
For airdrop farmers, Extended is particularly interesting — no token yet, active points program, and $6.5M VC backing suggests a TGE is coming. The Starknet ecosystem requirement adds friction, but also means less competition for points.
Best Suited For:
- Airdrop Hunters: Prime opportunity with no token yet
- Starknet Users: Already in the ecosystem
- Early Adopters: Want exposure to unified margin vision
- TradFi Perp Traders: Stock and index perpetuals available
May Not Be Ideal For:
- Volume Seekers: Lower liquidity than leaders
- Non-Starknet Users: Bridging friction is real
- Token Holders: No token to stake/govern yet
Extended is a project to watch. The Revolut pedigree and unified margin roadmap are genuinely differentiated, and the points program offers optionality on a potentially valuable airdrop.
For maximum liquidity, see our Hyperliquid review. For established multi-chain trading, check out Aster. For zero fees, see Lighter.
Frequently Asked Questions
Q: Does Extended have a token?
A: Not yet. A points program is active, suggesting a future TGE, but no date has been announced.
Q: Who built Extended?
A: The ex-Revolut team, led by former Head of Crypto Operations Ruslan Fakhrutdinov.
Q: What is unified margin?
A: Extended's vision for one margin account across perps, spot, and lending — the most capital-efficient trading system possible.
Q: How do I use Extended?
A: You need a Starknet wallet (Argent or Braavos) and USDC bridged to Starknet.
Q: Is Extended safe?
A: Built on Starknet with ZK-STARK security and StarkWare backing. Still early-stage, so start with smaller positions.
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Last updated: February 2026
Disclaimer: Cryptocurrency trading, especially leveraged perpetuals, involves substantial risk of loss. This review is for informational purposes only. Not financial advice. DYOR.