Type: Perpetuals DEX | Docs: purps.xyz
Overview
Purps is a fully on-chain perpetuals DEX on Monad. Markets are deployed individually through a central factory contract, with each market being its own smart contract holding liquidity and position state. A sharedRouter contract handles trade execution and routing across markets.
Each Purps market supports long and short positions with on-chain funding rates that adjust based on the open interest imbalance between longs and shorts.