LeverUp Launches on Monad: Zero Fees & 1001x Leverage
LeverUp has launched its LP-free decentralized perps exchange on the Monad layer-1 blockchain. The platform offers traders zero net fees by redistributing all protocol fees to participants. It supports up to 1001x leverage and uncapped market depth. All positions and fee flows are fully verifiable on-chain through an on-chain risk engine. LeverUp integrates its native stablecoin LVUSD for stable settlements and DeFi composability. By removing liquidity provider constraints, LeverUp scales open interest independently of TVL. This model reallocates fees back to users and eliminates liquidity fragmentation. Testnet access is live at app.leverup.xyz, with further integrations and updates planned.
Bullish
The launch of LeverUp’s LP-free decentralized perps exchange on Monad introduces zero net fees, 1001x leverage, and uncapped market depth. This fee-efficient model and on-chain transparency are likely to draw traders, boosting platform usage and LVUSD settlement volumes. In the short term, traders may shift capital to explore the testnet and early features. In the long run, continuous integrations, fee redistribution, and scalable open interest could drive sustained network activity and adoption, supporting a bullish outlook for the Monad ecosystem.