Perpl received $9.25 million in financing led by Dragonfly and will build a perpetual DEX based on Monad

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PANews
05-13
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PANews news on May 13th, according to Blockworks, the decentralized perpetual contract exchange Perpl has completed $9.25 million in financing, led by Dragonfly, with participation from Ergonia, Brevan Howard, Breed, L1D, and CMS. Perpl plans to develop an on-chain central limit order book based on the Monad architecture, with the testnet expected to go online by the end of the year, and the mainnet to be determined based on Monad's mainnet progress. The project was established by American co-founders and has relocated to London due to regulatory issues.

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