PANews reported on May 13 that according to Blockworks, the decentralized perpetual contract exchange Perpl has completed a $9.25 million 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. The test network is expected to be launched at the end of the year, and the main network will depend on the progress of the Monad main network. The project was established by American co-founders and moved to London due to regulatory issues.
Perpl received $9.25 million in financing led by Dragonfly and will build a perpetual DEX based on Monad
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