Hyperliquid запускает торговлю контрактами MON-USD на платформе Monad Translation: Hyperliquid launches trading of MON-USD contracts on the Monad platform

The Hyperliquid exchange, which specializes in perpetual swaps, has officially launched trading for MON-USD contracts.

Traders can open both long and short positions with leverage of up to 3x. Premarket trading occurs in the form of hyperps, as stated by the exchange.

According to the exchange’s website, these derivatives are not influenced by spot prices or index oracles, distinguishing them from conventional financial instruments.

MON is the native token of Monad. In February, the project started a public testnet.

The platform is positioned as a high-performance solution fully compatible with EVM, which facilitates the migration of applications developed for the Ethereum ecosystem.

In the initial hours following the launch, the MON market on Hyperliquid saw a trading volume of $22.2 million, with open interest surpassing $5 million. At the time of writing, the token is trading around $0.15 with a fully diluted market cap of $15 billion.

Monad is actively preparing for an upcoming airdrop, as indicated on the project’s official X page, which states that the token distribution will take place soon. The number of comments on the post suggests that interest in the project is continuing to grow.

It’s worth noting that in March, Hyperliquid delisted perpetual futures for the JELLYJELLY token due to price manipulation concerns.