Perpl Monad (N/A)

Perpl is a perp DEX focused on dApp performance and user on-chain experience.

It is being built on Monad - a highly performant, EVM-compatible Layer 1 network with parallel transaction execution and throughput of up to 100K TPS. Leveraging the network’s high transaction throughput engine, Perpl DEX Monad focuses on a specific optimization vector of <100k gas for market-maker post + cancel operations.

This way, it aims to establish itself as the fastest and cheapest perp DEX in the industry, offering a near-CEX level of trading experience while remaining fully decentralized. It also implements CLOB perp DEX technology to deliver even lower fees and higher execution speed on its platform.

🪙 Perpl token: As of March 2026, there is no information about the potential release of a native Perpl token. However, considering precedents set by other perpetual DEXs, including Hyperliquid, Lighter, Aster, and others, it is very likely that a token will eventually be released.

On February 24, 2026, the platform launched a private mainnet app with whitelist-only access, where only five major crypto assets available for trading as Of March 2026. Therefore, it is unlikely that a token or Perpl airdrop will be released in the near future. 

However, once the platform becomes public, it is very likely to see the launch of a points-based farming campaign to reward active traders with a potential airdrop. Considering this, the CoinLaunch team conducted a comprehensive overview of the Perpl Trade Monad DEX:
 

✅ Perpl pros:

• Above-average SMM, SEO and influencer marketing scores;
• A decent network of partners, with the strongest being Chainlink and Monad;
• Presence of multiple top-tier investors, including Dragonfly, HashKey Capital, and others.
   

❌ Perpl cons:

• Relatively low sector market capitalization ($50B);
• The app is in the beta phase, with only 5 cryptocurrencies supported for perpetual trading as of March 2026;
• Below-average Growth Marketing score;
• Very Low PR performance;
• Fewer than 1,000 platform users as of March 2026;
• No public roadmap;
• No smart contract audits;
• The Monad ecosystem is still relatively underdeveloped (around $300M in TVL);
• The team is present only on X, and their identities cannot be verified.