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Perpl is a decentralized perpetual futures exchange built on Monad. Unlike most perps DEXes, which match orders off-chain and only settle on-chain, Perpl runs a full central limit order book directly inside Monad’s EVM.
Perpl raised $9.25 million in a round led by Dragonfly Capital, with Brevan Howard Digital, HashKey, Ergonia, Mirana, L1D, CMS, and Breed also participating. Mainnet opened to everyone in July 2026.
Perpl is running Purple Summer, a 16-week campaign that started on July 8, 2026 and pays rewards in MON, the native token of the Monad blockchain. Traders earn mPoints each week from organic trading activity.
The base pool is $500,000, with up to $1,000,000 unlocked in $100,000 tiers as platform activity sustains higher levels. A native Perpl token has not been announced, so any token airdrop beyond the MON rewards remains unconfirmed.
Key Parameters:
A total of 1,000,000 mPoints exist: 800,000 distributed through weekly trading rewards (50,000 per week for 16 weeks) and 200,000 reserved for tournaments, builder codes, and community activations. Snapshots happen every Wednesday and points land every Monday.
Go to the Perpl website.
Click “Connect Wallet” and approve the connection with MetaMask, Rabby, or another EVM wallet.
Perpl uses AUSD as its collateral asset, but you can start from USDC or USDT. If you need funds, you can buy them on Bybit and withdraw them to your wallet.
Open the deposit flow on the Perpl app. If you hold USDC, USDT, or another supported coin, Perpl’s built-in bridge converts it to AUSD during the deposit. A minimum of 10 AUSD is required to open an account.
Open and close leveraged positions on any listed market. Your organic trading activity earns both Perpl Points and mPoints each week. Snapshots are taken Wednesdays at 16:00 UTC, and points are credited by the following Monday.
The $100k Monad Cards Invitational runs until mid-August 2026. Make at least one trade during the tournament period to receive a soulbound badge NFT, and compete on PnL and volume for prizes. Entry is open to Monad Card holders and pre-snapshot Perpl Points holders.
Visit the points page and the mPoints tab weekly to confirm your distributions arrived and track your projected MON earnings.