Merkle TradeMerkle Trade
Merkle Trade
Merkle Trade
Project
Derivatives (Perp/Option)DEX & AMM

Merkle Trade was a gamified perpetual DEX on Aptos for leveraged crypto, forex and commodities trading with up to 1000x leverage. It processed over $30B volume before announcing wind-down in early 2025 amid declining Aptos ecosystem activity.

Fundraising
$2.1M
•
Total raised
$2.1M
•
SEED
Apr 01, 2024
Lead Investors
HashedHashedArrington CapitalArrington Capital
Investors
Morningstar VenturesMorningstar VenturesAmber GroupAmber GroupRe7 CapitalRe7 CapitalAptosAptosDoraHacksDoraHacksYippieYippie
Team
Ye
YeFounder
Patrick
PatrickCo-Founder
News & Prediction
News
THEDEFIANT
Aptos-Based Perp DEX Merkle Trade Shutters Business
Merkle Trade, Aptos' top perp DEX by volume, to wind down after $30B cumulative trades; TVL at $3.47M as Aptos ecosystem TVL drops 70% to $333M.