Perpl

Perp DEX

$— · Founded 2026 · perpl.xyz ↗

No token yetPre-token

Visit Perpl ↗

★★★★★★★★★★

52/100dexwatch score · Caution

A small, fully on-chain order-book perp DEX on Monad — honest architecture, thin liquidity, no audit published yet.

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Status

Live on Monad mainnet since February 2026 and still labelled Beta with a request-access waitlist; Points Season 1 (from 10 June 2026) continues weekly and no token has been announced.

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For beginners

Expect wide spreads and slippage on anything but BTC and MON, and note that funding settles roughly every 43 minutes rather than hourly.

Key metrics

24h volume

$8.2M

Total value locked

n/a

Open interest

$1.5M

Share of tracked perp volume

0.1%

Market cap

n/a

Maker / taker fee

0.0045% / 0.0345%

Max leverage

15×

Trading pairs

Snapshot Oct 10, 2026 from public sources (the venue's own market API for volume and open interest, DefiLlama for TVL). Live values refresh in your browser where a source is available. Fields without a verifiable source show n/a.

The honest take

Pros

✓Matching and settlement entirely on-chain on a public L1; self-custody, no KYC

✓Low fees (0.0045% / 0.0345%) and a clear two-tier referral and points programme

✓Well-documented public REST and WebSocket API with SDKs

Cons

✕Only 11 markets, at most 15×, isolated margin only and about $1.5M of open interest

✕No security audit published; the app is still labelled Beta with a request-access waitlist

Security

No published security score or audit list is available for Perpl in our dataset yet.

AuditsNot available

At a glance

ChainsMonad

IncentivesPerpl Points Season 1 (since 10 Jun 2026) and Monad mPoints; no token

TypePerp DEX

BackersDragonfly, Mirana, HashKey

Made your choice?

Start trading on Perpl

Non-custodial — connect your wallet and you stay in control of your funds. Leverage is high-risk; only trade what you can afford to lose.

MonadPerp DEX

Open Perpl ↗ Visit perpl.xyz Affiliate link · dexwatch may earn a commission at no extra cost to you.

Frequently asked about Perpl

Is Perpl safe to use?

There is no published dexwatch security score or audit list for Perpl in our dataset yet, so we mark that as not available. Like other decentralized exchanges it is non-custodial, meaning you keep control of your funds in your own wallet. Always do your own research before trading.

What are the trading fees on Perpl?

Perpl charges a maker fee of 0.0045% and a taker fee of 0.0345%.

What is the maximum leverage on Perpl?

Perpl offers up to 15× leverage on supported markets. High leverage is extremely risky and can liquidate a position quickly — only trade what you can afford to lose.

Which blockchains does Perpl support?

Perpl operates on Monad.

Is Perpl good for beginners?

Expect wide spreads and slippage on anything but BTC and MON, and note that funding settles roughly every 43 minutes rather than hourly.

Does Perpl have a token?

No. Perpl has no live token at the time of writing, and runs a points programme instead. Points are not a promise of an airdrop. We do not speculate on future token launches.

Compare with similar venues

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Learn before you trade

Open the Academy →

What are perpetuals & perp DEXes?Module 7 · 7 min read → Leverage risk & liquidationModule 7 · 6 min read → The crypto wallet: your key to the DEXModule 2 · 6 min read → Phishing, fake sites & wallet drainersModule 5 · 7 min read →

Key terms

Perpetuals Funding rate Leverage Liquidation Margin

Figures are a dated snapshot from public sources — they move constantly and are for reference only, not financial advice. Updated Oct 10, 2026. Spotted an error? Tell us.