Saphyre’s perps exchange goes live on Sei Network @saphyre launched perpetual futures trading on @SeiNetwork today. Perpetual futures are bets on price moves with no expiry date, and traders can use them to trade stocks, gold, currencies, and crypto. Trading fees range from 0.025% to 0.05% per trade, according to the exchange’s site. Monaco’s trading engine handles orders. Access is invite-only, but traders who used the public test version before the October 21 cutoff get in right away with one invite code to share, and every $250K in live trading volume unlocks another. According to DefiLlama data, Saphyre is already Sei’s largest exchange, with $5.97M in daily spot volume and $16.21M in TVL.
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