Perpl

Perpl is a decentralized perpetual futures exchange running a fully on-chain central limit order book on Monad with no off-chain matching engine. It is early-stage and pre-token, with a Season 1 points program that began in mid-2026.

Perpl fees

Perpl charges about 5 bps maker and 8.8 bps taker (a basis point is 0.01%). As with any perp venue, the funding rate often matters more than the headline fee: it is a recurring payment between longs and shorts that can quietly run for or against your position. See how this stacks up on the lowest-fee perp DEX ranking.

Perpl leverage & markets

Perpl offers up to n/a leverage across crypto markets on Monad. Higher leverage magnifies both gains and liquidation risk, so size positions carefully. For the most aggressive limits, see the highest-leverage perp DEX ranking.

Is Perpl safe and is there KYC?

Perpl is non-custodial: your funds stay in your own wallet and you sign each trade, so there is no company holding your balance and typically no KYC. The trade-off is smart-contract and liquidation risk, so prefer venues with a solid track record and verify contracts yourself.

Perpl airdrop & points

Perpl has not launched a token, so active trading now may position you for a potential future airdrop. Estimate what your points could be worth with MoonMath, and remember an airdrop is never guaranteed.

Who is behind Perpl?

Perpl was built by Not publicly disclosed.

Backers: Dragonfly Capital (lead), Ergonia, HashKey Capital.

Perpl milestones

• 2026Season 1 points program goes live
• 2026Raises a 9.25M USD round led by Dragonfly Capital

Perpl FAQ

What is Perpl?

Perpl is a fully on-chain central limit order book perpetuals DEX built on the Monad blockchain. It runs on Monad using a orderbook model, offering up to n/a leverage on crypto markets.

What are Perpl's fees?

Perpl charges roughly 5 bps maker and 8.8 bps taker (1 bp = 0.01%). Funding is paid periodically between longs and shorts.

Does Perpl require KYC?

No. Perpl is a decentralized exchange: you connect a self-custody wallet and trade permissionlessly, with no signup or KYC on the protocol.

Does Perpl have a token?

Not yet. Perpl has no token, so trading now may position you for a potential future airdrop (never guaranteed).