On May 13, PANews reported that the decentralized perpetual contract exchange Perpl has completed a $9.25 million financing round 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 launch by the end of the year, and the mainnet will depend on the progress of the Monad mainnet. The project was established by American co-founders and relocated to London for development due to regulatory issues.
