Primit, a next-generation on-chain perpetual contract trading platform, has officially deployed on the Avalanche network. The launch coincides with the start of Season 1: Primit × Avalanche 'On-Chain Perp Frenzy,' a 14-day trading incentive program running from July 15 to July 28, 2026. The event features a total reward pool of 100,000 USD equivalent in AVAX, open to all on-chain perpetual traders.
Strategic Significance of Avalanche Deployment
Primit selected Avalanche as its launch chain due to the network's sub-second finality and minimal gas costs. For perpetual trading, where latency directly impacts liquidations and position safety, Avalanche's architecture is well-suited for high-concurrency, low-latency DeFi applications. Primit's orderbook and funding rate mechanisms aim to deliver a centralized exchange (CEX)-grade experience on-chain.
'We're not simply deploying a frontend on Avalanche — we're bringing the full perpetual infrastructure onto the chain,' the Primit team stated. 'Season 1 has a clear objective: prove that on-chain perpetual trading is ready to handle professional-grade demand through real trading volume.'
Season 1 Reward Mechanisms
The incentive program includes four reward categories designed to attract a wide range of traders, from retail to professional:
- Daily Random User Rewards: 20 users with at least $200 in daily trading volume are randomly selected each day to share a $400 pool. Over 14 days, 280 winners will be chosen.
- Twitter Contributor Rewards: A $3,000 pool rewards high-quality tutorials, strategy analysis, and risk management content posted with the hashtags #Primit and #Avalanche.
- Referral Rebate Mechanism: A $50,000 total pool is distributed proportionally based on valid referral trading volume, with no individual cap.
- Volume Leaderboard: The top 120 traders share $37,800, with the top trader receiving $4,000. AVAX-related trading pairs receive a 1.5x volume weighting multiplier.
Long-Term Value: Tiered Fee Structure
Alongside the incentive program, Primit is launching a cumulative volume-based tiered Maker/Taker fee structure. This system will remain as a permanent platform standard after Season 1 ends, combining with Avalanche's low gas costs to form a sustainable competitive advantage. The fee structure is designed to reward high-volume traders and encourage ongoing participation.
For context, other platforms are also innovating in the crypto trading space. For example, WhiteBIT Launches TradeFi for Multi-Asset Crypto Futures Trading and Bitget Adds US Stock Options Trading, highlighting the broader trend of expanding trading capabilities.
About Avalanche and Primit
Avalanche is a high-performance, interoperable Layer 1 blockchain platform that achieves high throughput and rapid finality through its unique consensus mechanism. It is a preferred infrastructure for DeFi and institutional-grade applications. Primit is a next-generation on-chain perpetual contract trading platform focused on delivering low-latency, low-fee, fully transparent on-chain derivatives trading.
As the DeFi ecosystem evolves, platforms like Primit are pushing the boundaries of what is possible on-chain. For traders looking to explore similar opportunities, BloFin vs Bybit Copy Trading offers insights into different trading strategies.
This article is for informational purposes only and does not constitute financial advice.
