> ## Content Index > Fetch the complete content index at: https://blog.monday.trade/llms.txt > Use this file to discover other available public pages before exploring further. # November 2025: The Month Perps Hit Monad Mainnet - URL: https://blog.monday.trade/november-2025-recap/ - Published: 2025-12-10T00:00:00.000Z - Updated: 2026-06-25T07:33:32.000Z - Description: Highlights from the month we became the flagship perp DEX on Monad - Author: MondayTrade - Tags: Monthly Recap, #webflow-import ***Highlights from the month we became the flagship perp DEX on Monad*** ![](https://storage.ghost.io/c/37/82/37822e10-9d2d-43a2-bb10-35e6e8b4d8bc/content/images/2026/06/6939878aba9ea5bf1a2db312_MT-November-Monthly-Recap-banner.png) November was a turning point. After months of testnet grinding and stress-testing the engine, Monday Trade finally went live on Monad mainnet day 1 with spot + perps and Momentum rewards all kicking off almost at once. Here’s how the first chapter of mainnet is shaping up. ## Mainnet: Early Snapshot ⚡ Monad mainnet went live on November 24, and Monday Trade was there from block one as the first perp DEX on Monad. ![](https://storage.ghost.io/c/37/82/37822e10-9d2d-43a2-bb10-35e6e8b4d8bc/content/images/2026/06/69245946a24c1dd0e6850ca7_Monday-Trade-Is-Live-on-Monad-Mainnet--Perps-Private-Beta-Starts-Today.png) Here’s an early look at performance so far *(as of Dec 2, 11:00 UTC):* - **Total connected wallets:** 853 - **Total spot trading volume:** $2,195,294.95 - **Total perp trading volume:** $4,030,648.48 - **TVL (spot):** $164,496.99 - **TVL (perp):** $1,285,119.59 - **Referrals:** 241 Every trade, LP deposit, and referral is helping bootstrap real liquidity and activity on Monad from day one. You’re literally helping write the early onchain stats for the entire ecosystem. [**🟣 Trade perps on Monad - NOW OPEN FOR ALL 🟣**](https://app.monday.trade/?ref=blog.monday.trade) ‍ ## Wrapping Up the Testnet Era 🧪 Before mainnet, Monday Trade spent months in the wild on testnet — battle-testing speed, UX, and markets with the community. By the end of October, we’d already passed **80K+ connected wallets, $136M+ in cumulative trading volume and hundreds of pairs listed**, from majors to memecoins. November was the bridge between that testnet grind and going live for real. If you were there early, you helped prove the concept and shape the product that’s now on Monad mainnet. ‍ ## Trade, Refer, LP: Campaigns Live Right Now 🎯 Mainnet didn’t launch alone. It arrived with a full stack of rewards designed to bootstrap real usage. ### 1\. Momentum Referral Campaign Climb the weekly leaderboard and earn a bigger share of rewards over the first month of Monad mainnet. ![](https://storage.ghost.io/c/37/82/37822e10-9d2d-43a2-bb10-35e6e8b4d8bc/content/images/2026/06/69329ee108b0555a9844781c_Momentum-Campaign-Card--1-.png) [Earn Momentum rewards](https://blog.monday.trade/how-to-earn-momentum-rewards-on-monday-trade) ### 2\. Voyage Points: Your Long-Term Loyalty Layer Visit our Reward Hub and earn Voyage Points for your activity on Monday Trade. ![](https://storage.ghost.io/c/37/82/37822e10-9d2d-43a2-bb10-35e6e8b4d8bc/content/images/2026/06/6939891496feec0bc8005baa_Voyage_Points_Season_1_.png) [Learn all about our Points Program ](https://blog.monday.trade/reward-hub-earn-voyage-points-on-monday-trade) ### 3\. TVL Incentive Campaign (Merkl-Powered) If you’re a liquidity provider, this one’s for you. ![](https://storage.ghost.io/c/37/82/37822e10-9d2d-43a2-bb10-35e6e8b4d8bc/content/images/2026/06/6939891496feec0bc8005b98_TVL_Incentive_Campaign__Wave_2_has_landed___1_.png) [Earn MON & USDC for LP](https://blog.monday.trade/tvl-incentive-campaign-merkl) ‍ ## Quick Hits 📰 Here’s a quick tour of what went live in November: - **Monday Trade Is Live on Monad Mainnet: Perps Private Beta Starts Today.** [***Read more.***](/monday-trade-is-live-on-monad-mainnet-perps-private-beta-starts-today?utm%5Fsource=mondaytrade.beehiiv.com&utm%5Fmedium=newsletter&utm%5Fcampaign=november-2025-the-month-perps-hit-monad-mainnet&%5Fbhlid=62bc8a8c68057f992e10aa9f8cb4e6ee2ba97347) - **New Perps Pair: ETH/USDC Is Now Live.** [***Read more.***](/new-perps-pair-on-monday-trade-eth-usdc-is-now-live?utm%5Fsource=mondaytrade.beehiiv.com&utm%5Fmedium=newsletter&utm%5Fcampaign=november-2025-the-month-perps-hit-monad-mainnet&%5Fbhlid=8540dc01c947f6f8bb3ac449cd23da7813ca844b) - **Why the World Needs Perps on Monad.** [***Read more.***](/why-the-world-needs-perps-on-monad?utm%5Fsource=mondaytrade.beehiiv.com&utm%5Fmedium=newsletter&utm%5Fcampaign=november-2025-the-month-perps-hit-monad-mainnet&%5Fbhlid=397b52a5a325ab9e599978ee1dab74b45206f55a) - **Monday Trade × 0x: Aggregation on Monad.** [***Read more.***](/monday-trade-0x-integration?utm%5Fsource=mondaytrade.beehiiv.com&utm%5Fmedium=newsletter&utm%5Fcampaign=november-2025-the-month-perps-hit-monad-mainnet&%5Fbhlid=5985d3d5ca1cae21c71c4f7ef5d71f8539446b2c) - **Monday Trade × Flap: Memecoin Energy on Monad Mainnet.** [***Read more.***](/monday-trade-x-flap-partnership?utm%5Fsource=mondaytrade.beehiiv.com&utm%5Fmedium=newsletter&utm%5Fcampaign=november-2025-the-month-perps-hit-monad-mainnet&%5Fbhlid=1cf709e9440c6e12d91cabe9175e0b73c03864aa) - **Boost Your Magma Points with gMON/MON on Monday Trade.** [***Read more.***](/boost-your-magma-points-with-gmon-mon-on-monday-trade?utm%5Fsource=mondaytrade.beehiiv.com&utm%5Fmedium=newsletter&utm%5Fcampaign=november-2025-the-month-perps-hit-monad-mainnet&%5Fbhlid=433ffddd8903d93c777191a2b89fdd530a698bb3) - **How to Trade Perps on Monad with Monday Trade.** [***Read more.***](/how-to-trade-perps-on-monad?utm%5Fsource=mondaytrade.beehiiv.com&utm%5Fmedium=newsletter&utm%5Fcampaign=november-2025-the-month-perps-hit-monad-mainnet&%5Fbhlid=2671dd46dc765475b0d092c5e5406be2d694cf51) - **Spot Trading on Monday Trade, Explained.** [***Read more.***](/spot-trading-on-monday-trade-explained?utm%5Fsource=mondaytrade.beehiiv.com&utm%5Fmedium=newsletter&utm%5Fcampaign=november-2025-the-month-perps-hit-monad-mainnet&%5Fbhlid=6bd3bc20ad708820b70cf5b36a45ac9af84322f8) ‍ ## Thanks for Being Early 💜 From testnet memecoins to being the **first perp DEX live on Monad mainnet**, you’ve been with us through the most important part: the beginning. Keep trading, LPing, and referring — and we’ll keep shipping speed, tools, and rewards built for real traders. ‍ [**💌 Subscribe to the Monday Trade newsletter and get alpha directly in your inbox.**](https://mondaytrade.beehiiv.com/?ref=blog.monday.trade)