Tradoor: First Perp-DEX Inside Telegram (2026)

TL;DR

Tradoor is a perpetual-futures DEX that lives entirely inside Telegram as a Mini App. Open it in chat, connect Tonkeeper, deposit USDT — trade with up to 25x leverage on TON, BTC, ETH, SOL. The headline feature is the lack of a separate web app: the interface is embedded in Telegram, which sidesteps some network-level blocks and gives a native UX. Launched 2024, mid-2026 daily volume $10–30M, TVL $5–10M. Smaller than Storm Trade but lower-friction to start.

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Leveraged perps are high-risk. Most retail traders lose their deposit over a long horizon. This review is about the technical side of Tradoor — not a recommendation to trade.

What Tradoor is

Tradoor is a perpetual-futures DEX implemented as a Telegram Mini App. Perps are perpetual futures: contracts with no expiry and a funding rate mechanism that keeps the contract price close to spot.

Key differences from classic CEX perps (Binance, Bybit):

Non-custodial. Depositing collateral is an on-chain transaction, funds stay under your control (on a smart contract, not on an exchange).
No KYC. Connect a wallet via TON Connect — trade.
Inside Telegram. No separate app or website.

And vs other on-chain perps (GMX, dYdX, Storm Trade):

Tradoor is Telegram-only. GMX and Storm have proper web frontends; Tradoor doesn’t.
Fewer pairs. Tradoor focuses on 4–6 main pairs, no long-tail altcoins.
Target audience — Telegram-native users for whom a chat click is more intuitive than a DEX domain.

Setup: open Tradoor and make the first deposit

Step 1: open the Mini App

Search in Telegram → @TradoorMiniBot (or the official link from the project site). Hit Start, the Mini App opens with a dashboard.

Step 2: connect a wallet

Connect Wallet → pick a TON Connect–compatible wallet. Supported: Tonkeeper, MyTonWallet, Tonhub, the Telegram-native wallet (@wallet).

Recommendation — standalone Tonkeeper. The native @wallet is convenient but tied to your Telegram account, which adds a point of failure.

Step 3: deposit USDT

Tradoor’s trading collateral is the USDT jetton on TON. If you already hold USDT in a TON wallet, depositing is one block. If not:

Buy USDT on any CEX (Bybit, OKX, Binance) that supports the TON network for USDT withdrawals.
Withdraw USDT to your Tonkeeper, picking the TON network (not TRC-20 or ERC-20).
In Tradoor, tap Deposit, pick the amount, confirm.

Minimum deposit is usually $10–20, but meaningful leveraged trading starts at $100+.

Trading interface inside Telegram

Tradoor UI is laid out for a small screen:

Pair selector — TON/USD, BTC/USD, ETH/USD, SOL/USD (plus a seasonal extra).
Long / Short — two big buttons.
Leverage slider — 1x to 25x.
Amount input — collateral in USDT.
Estimated liquidation price — shown before opening. Very useful: you instantly see at what price you get blown out.
Confirm — sends the on-chain transaction via TON Connect.

After opening, the position shows up under Positions: live PnL, liquidation price, accrued funding. One Close button to exit.

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UI is deliberately stripped down. No classic orderbook, no advanced order types (only market/limit). That’s a plus — low barrier to entry — and a minus — limited for experienced traders.

Leverage and liquidation

Tradoor offers up to 25x leverage on main pairs. What that means:

At 25x, you control a position 25× your collateral.
$100 collateral → $2500 position.
A 1% price move = $25 PnL (25% of collateral).
A 4% adverse price move → liquidation (collateral wiped, only execution penalty remains).

The exact liquidation-price formula depends on direction (long/short), leverage and the protocol’s maintenance margin. Tradoor shows it before opening — always cross-check.

Empirical safety rule: for retail, sane leverage is 2–5x. 10x is aggressive. 25x is “close eyes and click” territory, not a system.

Funding rate

Funding rate keeps perp price aligned with spot. Every 8 hours:

If open interest leans long → longs pay shorts.
If it leans short → vice versa.
Size: usually 0.01–0.05% per period (3× a day). More on shock days.

Annualised, funding can cost 10% (quiet market) to 30–50% (bull, everyone shorting; or bear, everyone longing). That’s extra on top of trading fees.

Tradoor shows current funding on each pair’s page. If you plan to hold for days, factor it in.

Fees

Typical on-chain perp-DEX structure:

Taker fee (market order): 0.05–0.08% of position size.
Maker fee (limit order): sometimes a rebate (negative), sometimes 0.01–0.03%.
TON network gas for on-chain open/close. ~0.05 TON round-trip.

Roughly: a $1000 position at 0.06% taker fee costs $0.60 on open + $0.60 on close = $1.20 base fees. Funding on top if the position straddles a settlement period.

Exact current numbers — on the Fees page in the Mini App.

Risks

1. High leverage → fast zero. 25x is math under which roughly 80% of retail traders lose collateral within a month. Not Tradoor-specific — it’s about perps in general.

2. Smart contract risk. Tradoor is younger than Storm Trade, the incident history is shorter. Check current audit status. Never keep more on the trading account than you can lose.

3. Oracle / price manipulation risk. Perp-DEXes rely on price feeds. On young protocols with thin liquidity, oracle manipulation → unfair liquidations is possible. Minimal on major pairs (BTC, ETH), higher on low-liquidity alts.

4. Funding rate volatility. On shock days funding can spike to 0.3–0.5% per period. Long positions surviving such moments pay a serious bill.

5. Telegram account. Tradoor lives in Telegram. Lose access to the account — you potentially lose the fast path to your position. The wallet remains, but the Mini App UI doesn’t. Mitigation: know how to close a position via direct smart-contract call as a last resort.

Who Tradoor fits

Fits:

Heavy Telegram users who want to trade perps without switching context.
Retail traders with $100–$5000 accounts who value UI simplicity.
Those who don’t care about dYdX-grade advanced features (orderbook, conditional orders).
Users in jurisdictions where CEX perps are blocked or require KYC.

Doesn’t fit:

Pro traders with large positions ($100k+): liquidity and tooling are thinner than on major CEXes.
Anyone wanting to trade the altcoin long tail — Tradoor sticks to top pairs.
Scalpers needing ultra-low latency: TON on-chain finality is fast (~5 sec) but not comparable to a centralised matching engine.

Bottom line

Tradoor is a working perp-DEX for people who live in Telegram. Not a “Binance killer”, but a convenient entry point to perp trading with no KYC and in the native environment of millions of users. Up to 25x leverage, USDT collateral, simple UI — enough for most retail use cases.

Choosing between Tradoor and Storm Trade? Read our side-by-side. Short version: Storm is more mature with deeper liquidity; Tradoor is simpler and more native for Telegram-only users.

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