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Perpl is a fully on-chain perpetual DEX on Monad L1 that aims to help the industry move away from centralized financial systems. It seeks to deliver high-performance transaction speeds and extremely low trading costs for its users by achieving less than 100k gas for market maker post and cancel transactions.
On May 13, 2025, Perpl Trade on Monad announced $9.25M in private funding from Dragonfly, HashKey Capital, Brevan Howard Digital, Mirana, L1D, CMS, and several angel investors.