PANews, February 26 — According to CoinDesk, Decibel, a fully on-chain perpetual contract exchange incubated by Aptos Labs, has launched on the Aptos mainnet. The public testnet previously attracted over 700,000 unique accounts and 132,000 daily active users, with an average daily trading volume of over 1 million transactions. Prior to the mainnet launch, the pre-deposit campaign pledged over $58 million in funds, approximately 40% of which came from Ethereum and Solana users.
Decibel uses a centralized limit order book model, with order placement, matching, settlement, and risk management all executed on-chain. The default collateral for the protocol is the USD stablecoin usDCBL issued by Stripe’s Bridge. Decibel plans to gradually add spot markets, multi-collateral accounts, and tokenized real-world assets.
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