what's perpl?
Perpl is a decentralized perpetual futures trading platform built on the Monad blockchain, designed to provide fully on-chain orderbook trading with high efficiency and composability. It leverages advanced EVM engineering to enable seamless perpetuals trading, including features like low-gas order posting and cancellation that rival spot DEXes such as Uniswap. The platform integrates secure vaults for high-yield strategies and native stablecoin earning mechanisms, aiming to deliver a best-in-class experience for traders in a parallel EVM environment. Perpl's architecture draws from decades of market-making expertise, focusing on on-chain execution without shortcuts. It supports delta-neutral farming opportunities through its yield infrastructure and partnerships, such as with stablecoin platforms, to generate passive returns. As Monad's native pricing engine, Perpl facilitates peak performance in perpetuals while maintaining transparency and security inherent to blockchain protocols.
Perpl is an anticipated launch on Monad expected within the next few weeks.
Links
x.com/perpltradeSponsored Battle Trade livestream event on February 19, 2026, featuring 8 traders for a $10k prize on February 20, 2026.
The project is listed among anticipated launches on Monad expected within the next few weeks.
A user reports losing 40% of capital to rapid liquidation, citing extremely thin liquidity with 5% spreads and market maker bot issues on the live platform.
Market prediction lists the project in the $200M+ FDV tier among tokenless perpetual DEXes, grouped with @reya_xyz, @grvt_io, and @BasedOneX.
Perple Trade launched new products.
Testnet launches and private beta opens for 250 users.
The beta version of the platform is now live.
Post and Cancel orders cost approximately 100K gas on the platform, with Monad's 200M gas per block limit enabling low transaction fees for market makers.
The protocol integrates Chainlink Data Streams and DataLink for its CLOB perpetuals trading on Monad.
perpltrade will deploy on Monad blockchain as the mainnet launch approaches, positioned among notable perpetual DEX protocols for the ecosystem.
Listed as one of the perpetual DEXs in Monad's Day 1 trading stack, indicating integration and availability at Monad launch.
Post+cancel orders now cost 50% less than an AMM swap at 100k gas, representing a significant gas efficiency improvement for the platform.
$9.25M raised for Monad-based perpetual DEX development