Merkle Trade: Aptos' largest perp DEX and its LBA
Quote332 words
Profiles Merkle Trade as Aptos' largest perp DEX at $13B total volume, with up to 1,000x leverage and 1.3s average execution, and argues Move's type safety is a security edge. The LBA runs until Sept 5 before a Liquidswap listing.
Key claims
$13B total volume
Leverage up to 1,000x
LBA runs until Sept 5
馃煝 饾悓饾悶饾惈饾悿饾惀饾悶 饾悡饾惈饾悮饾悵饾悶 饾悑饾悂饾悁 饾悽饾惉 饾悑饾悽饾惎饾悶!
@Merkle_Trade is the largest PerpDEX of the @Aptos ecosystem with a total volume of $13 billion.
Built with Move, Merkle benefits from language-level security and enhanced UX.
饾棧饾棶饾槅 饾棶饾榿饾榿饾棽饾椈饾榿饾椂饾椉饾椈 饾榿饾椉 饾榿饾椀饾棽 饾棓饾椊饾榿饾椉饾榾 饾棽饾棸饾椉饾榾饾槅饾榾饾榿饾棽饾椇 猡碉笍
@Aptos is a high-speed blockchain with parallel execution, powered by Move.
Move is a statically, strongly typed and formally verified programming language, specifically designed for blockchain development.
What that means is that variable types are determined at compilation, not runtime, leaving fewer opportunities for type confusion, which can introduce vulnerabilities in contract code when it's being run.
Formal verification of software programs on the other hand refers to mathematically proving that a program satisfies a formal specification of its behavior.
In short, Move is purpose-built for secure apps.
It's easier to build a secure PerpDEX with Move than Solidity.
That's not all though. 馃憖
With a processing capability of 1000s of TPS and sub-cent transaction fees, powered by a high-performance consensus algorithm and parallel execution, @Aptos also allows for an unmatched UX in terms of execution speed & cost.
A good example is @taposcat, which recently set new records on @Aptos. The stats (see below image), speak for themselves.
This provides the basis for more performant and more user friendly applications.
@Merkle_Trade, the first fully gamified decentralized futures trading platform, is no exception.
It allows users to deposit from any chain, leveraging @LayerZero_Labs interop tech and provides crypto, forex & commodities trading (using @PythNetwork oracles) with leverage up to 1,000x.
Users can trade in one click, trade (almost) gas-free and have trades executed at an average speed of 1.3 seconds.
Yesterday market the start of the Liquidity Bootstrapping Auction (LBA), which will last till September 5th.
The LBA is the 2nd phase of the TGE sequence, building on top of genesis staking that awarded early supporters' $MKL positions while earning real yield trading on the platform.
Post-LBA, the liquidity pool will be listed on Liquidswap
@PontemNetwork.
For more info, check below! 猡碉笍
3 images on X