Citing Finbold, SparkDEX has launched SparkDEX Eternal, the first perpetual decentralized exchange (Perp DEX) on Flare, as of December 12, 2024. This platform allows users to trade perpetual contracts without owning the underlying assets, leveraging Flare's Flare Time Series Oracle (FTSO) for rapid and accurate data delivery. SparkDEX founder Steve highlighted the FTSO's 1.8-second price feed updates as crucial for reliable funding rate calculations and liquidation processes. The exchange supports leveraged positions on FLR and other cryptocurrencies, with plans to include commodities and forex. Dhruv Shah, a Flare DeFi analyst, noted the growing demand for Flare's data offerings due to the popularity of perps in the blockchain industry. SparkDEX aims to enhance liquidity and participation in DeFi trading through this launch.