LeverUp, a new LP-free decentralized perpetuals exchange, has launched on Monad, offering zero-fee trading, uncapped market depth, and leverage up to 1001x.

A new decentralized perps exchange is live on Monad

LeverUp, a new decentralized perps exchange, has officially launched on the high-performance layer-1 blockchain Monad.

LeverUp allows traders to operate with effectively zero fees while still maintaining a healthy protocol economy. Unlike traditional exchanges that split fees between liquidity providers and the platform, LeverUp’s LP-free design returns 100% of fees back to the traders. Every trade generates a small fee, but instead of leaving the network, those fees are redistributed to participants.

“While others race to copy CEX perps—standalone chains and high-throughput order books—LeverUp chose a different lane,” the team said in a press release shared with Coin Insider Daily.

The platform also supports uncapped market depth, removing traditional liquidity provider constraints. For traders, this means they can open positions of virtually any size without being limited by the amount of capital in the protocol, not with LPs. This is achieved by decoupling open interest from TVL, so traders aren’t constrained by pool size or passive liquidity.

Finally, every position, metric, and protocol flow on LeverUp is fully on-chain and verifiable. Monad’s high-speed, scalable architecture enables this level of visibility without compromising performance, so traders can monitor trades, fees, and settlement flows in real time.

LeverUp also integrates its native stablecoin, LVUSD, which provides a reliable and stable settlement layer for all trades.