Reports of a launch for a Leverup LP-free perpetuals exchange powered by Monad surfaced in November 2025 but lack confirmed announcements from officials or evident market shifts.
The claimed launch remains unverified, leaving potential impacts on major cryptocurrencies such as ETH, BTC, and MON unsubstantiated, with no detectable trading or liquidity changes.
Monad Network’s Alleged LP-Free Exchange Launch
The purported launch of Leverup’s LP-free perpetuals exchange on the Monad network has surfaced. Despite reports, there are no statements from official sources confirming this release, casting doubt on the exchange’s operational status.
Leverup and Monad leadership have not commented, and no on-chain activity corroborates the exchange’s launch. The absence of major announcements and developer engagement raises uncertainty about the platform’s existence and market entry. As of now, there are no verifiable primary-source quotes or statements from notable figures related to the topic of “LP-Free Perpetuals Exchange Leverup Available Now, Powered by Monad.” Since no official announcements, social media posts, or articles have emerged to support this claim, I cannot provide direct quotes from industry leaders or experts.
No TVL or Volume Increase Spotted Post-Launch
The alleged launch has not translated into noticeable changes in TVL or trading volume. Industry leaders have refrained from commenting, and there are no new financial or technological developments linked to this event. You might want to check the CFTC Press Release on Recent Developments for more insights on regulatory factors influencing the market.
Potential regulatory scrutiny of perpetual exchanges hasn’t highlighted this launch. Comparative to past launches, market signals and leadership confirmations are missing, leaving sector experts questioning its authenticity and impact. For further insight into regulatory agendas affecting exchanges, consult the Regulatory Agenda for Current Agency Rules.
Lack of Leadership Engagement Fuels Skepticism
Previous launches, like those of dYdX and GMX, involved visible leadership engagement and on-chain evidence. The current situation with Leverup lacks such elements, contributing to skepticism about its validity.
Experts, including some from Kanalcoin, suggest that without verified data, it’s difficult to predict outcomes. The absence of concrete evidence contrasts sharply with historical perpetuals market shifts. Industry sentiments on the importance of leadership visibility can be gauged from the SEC Joint Statement by Atkins and Pham.
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