Let me talk about a Perp DEX built by some interesting founders: @hellotradeapp → Built on the Monad chain. → Founded by ex-BlackRock members, including a team associated with building the first Bitcoin ETF, IBIT, which reportedly secured $1B in investments at record speed. → A mobile first trading app. No website based trading. Their aim is to bring both traditional market participants and Web3 users onto HelloTrade, allowing them to trade markets from across the world through a single app. Currently, they have 11 tickers live in the Perps category and are still operating in Alpha. Way Forward: They are planning to take a different approach by bringing Spot markets first, alongside some core Perp markets. The idea is to evaluate whether Spot markets have greater potential and whether there is sufficient demand to make them available for trading 24/7. → Spot markets will be RFQ-based, while Perp markets will use a CLOB-based model. → The founders are also in discussions with traditional brokers across various countries to bring liquidity to HelloTrade. → Referral Program is also live: 1. Make a trade → Unlock 2 invites. 2. Invite friends → Earn fees. 3. Your referrals trade → Unlock 2 more invites. The cycle continues as you bring in genuine referrals who actively trade. An interesting referral flywheel that rewards actual user acquisition and trading activity rather than just registrations. Definitely one to keep an eye on as HelloTrade continues to develop. If you want access, feel free to DM me. Will share you the invite code.