Perpmate Review: A Mobile-Friendly Perp DEX with a Broad Market List

Perpmate is a decentralized perpetuals exchange (DEX) that has gained attention on crypto Twitter and dApp discovery sites. Its key features include 'zero tracking' and allowing users to trade with more cryptocurrency than they actually have.

The platform runs on Hyperliquid's infrastructure, providing access to a shared order book and liquidity. This means Perpmate is less of a brand-new trading engine and more a purpose-built front end optimized for mobile use.

Perpmate distinguishes itself from other DEXs by offering a wide range of instruments, including major cryptocurrencies, memecoins, synthetic stock perpetuals, indices and commodities, and FX pairs. Leverage varies by market, ranging from 3x to 50x.

The platform prioritizes wallet-based privacy, with no sign-up form, email verification, or KYC checkpoint required for trading. However, it has a lower trading volume compared to major centralized exchanges or Hyperliquid's own interface.