Decibel Perpetuals Exchange Launches on Aptos Blockchain

Decibel Perpetuals Exchange, a decentralized exchange (DEX) incubated by Aptos Labs, has successfully launched on the Aptos blockchain. The DEX aims to leverage the high-speed capabilities of the Aptos Layer 1 to deliver a highly responsive trading experience.

The Decibel DEX is built on a central limit order book (CLOB) model and features an on-chain risk engine, ensuring that functions such as auto-deleveraging are directly verifiable via the block explorer. This transparency is expected to build trust with traders, who can feel confident deploying real capital.

Decibel's testnet has demonstrated promising results, with over 1 million user trades per day across more than 130,000 daily active users (DAU). The DEX has also processed over $6.4 million in volume since its mainnet launch and hosts $57 million in total value locked (TVL), according to DeFiLlama.