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What Is Monday Trade? Onchain Trading on Monad Explained
What Is Monday Trade? Onchain Trading on Monad Explained

What Is Monday Trade? The Onchain Trading House Native to Monad

Monday Trade is a high-performance onchain native trading platform built on Monad, designed to bring CeFi-level speed and execution into a fully decentralized environment.

As the flagship trading house native to the Monad ecosystem, Monday Trade enables users to trade perps, spot, and upcoming real-world asset (RWA) markets with ultra-low latency and onchain transparency.

This article dives into the all-in-one trading platform, how to get started, and what it means for traders.

Key Takeaways

  • Monday Trade is Monad's native all-in-one DEX offering the best of CEX and DEX trading.
  • With Monad's low latency and high throughput, Monday Trade executes trades within milliseconds, ensuring traders make the most of market moves.
  • Powered by SynFutures' white-label DEX infrastructure — enabling new exchanges to launch seamlessly on emerging chains.
  • The platform combines the precision of a fully onchain order book with the simplicity of AMMs into one sleek, easy-to-use UI.
  • A hybrid DEX tailored for beginner, pro, and institutional traders with optional advanced trading tools.
  • Transparent and self-custodial — trades settle onchain where data is verifiable. You are in full control of your assets.
  • Trade BTC, ETH, and MON perp pairs.

What Is Monday Trade?

Monday Trade is Monad's native spot and perps DEX that offers the best of CEX and DEX trading. Live since day one of the Monad mainnet, Monday Trade is a hybrid DEX platform built for traders across all experience levels.

Perpetual futures, or perps, are where onchain traders go when they want leverage, flexibility, and speed.

On the spot side, users can create liquidity pools (LPs) or add to existing pools on the DEX directly in the order book through limit orders.

The platform also encourages traders to trade selective pairs for boosted points and rewards through ongoing campaigns and TVL-specific incentives.

How Does Monday Trade Work?

Monday Trade is built on top of Monad, a Layer 1 blockchain, and uses a hybrid model that integrates an Automated Market Maker (AMM) with an onchain order book (CLOB) system — delivering both instant liquidity and precise trade execution on a single platform.

The protocol is composed of three main components:

  • The Liquidity Handler (AMM Management) — Inspired by Uniswap V3, the AMM serves as a fallback liquidity source when limit orders are unavailable or insufficient.

  • The Order Handler (Limit Order Management) — Manages the onchain order book and allows users to place limit orders at specific ticks (e.g., "Buy ETH at $2,000").

  • The Swap Handler (Trade Execution) — Optimizes gas costs while maintaining order book precision, delivering up to 98% gas savings.

Together, these three components give traders both the depth of an AMM and the precision of an order book in one unified interface.

Why Monad?

Monday Trade leverages Monad's millisecond block time and one-second block finality.

Here's what makes Monad stand out:

  • Near-zero gas for cheap transactions
  • 10,000+ TPS for zero congestion
  • 500ms block times for instant trades
  • 1s finality for fast settlement
  • Full EVM compatibility for easy access
  • True decentralization for complete ownership and security

Monad is one of the only EVM chains that can offer this kind of speed. For a perps DEX where milliseconds matter, this isn't a nice-to-have — it's the foundation.

Additionally, Monday Trade is built on the battle-tested DeFi infrastructure of SynFutures, one of the top onchain perps platforms with over $300 billion in cumulative trading volume.

Key DEX Features

  • Lightning-Fast Execution: Millisecond settlement times for capturing critical market opportunities.
  • Hybrid Market Structure: Integrates AMM liquidity with a fully onchain order book across both perps and spot, providing deep liquidity on all markets.
  • Advanced Trading Tools: Professional-grade interface for sophisticated market participants.
  • Gas Efficiency: Optimized transaction processing for cost-effective trading.
  • Permissionless Listings: Anyone can launch new token spot markets with minimal liquidity requirements.
  • Proven Technology: Built on SynFutures' battle-tested infrastructure — creators of Base's leading perpetual DEX with over $300B in trading volume.

Perp DEX Models and Where Monday Trade Fits

Most perps DEXs today fall into two categories: AMM-based designs or hybrid order book systems that rely on off-chain components.

AMM perps prioritize simplicity and accessibility but often suffer from pricing inefficiencies, higher slippage during volatility, and indirect exposure to liquidity providers rather than true market depth.

To combat these issues, some protocols use order book-based perps running on app-chains or off-chain matching engines. While this improves execution quality, it often fragments liquidity.

Monday Trade takes a different approach — operating a fully onchain trading stack natively on Monad. By leveraging Monad's high-throughput and low-latency architecture, the platform supports an onchain central limit order book with transparent matching and unified liquidity.

This enables precise execution comparable to centralized platforms while maintaining DeFi's composability and verifiability.

Community at the Core

Community plays a central part in how Monday Trade evolves. The platform actively rewards participation from both new and experienced traders through partner collaborations, liquidity initiatives, and its Voyage Points program.

Through a mix of incentive programs, referral initiatives, and organic community campaigns, traders can earn points and rewards by trading, providing liquidity, or supporting ecosystem growth.

Examples of past and recent campaigns include:

  • Voyage Points Program (Season 1)
  • Resting Order Point Program
  • AUSD/earnAUSD TVL Campaign
  • Spot trading point multipliers on AUSD, MON, gMON, NB, and WBTC
  • Perp trading point multipliers on BTC, ETH, and MON
  • Momentum Referral Campaign
  • MON/USDC TVL Campaign

For the most up-to-date information on active and upcoming campaigns, please refer to Monday Trade’s official channels.

Growing the Ecosystem

The Monday Trade ecosystem is actively expanding within Monad and across the broader DeFi landscape. Growth is driven through strategic partnerships, collaborative campaigns, and incentive-based programs that support liquidity, adoption, and long-term engagement.

Monday Trade works closely with a wide range of ecosystem partners, including Aggregators, Auditors, DEX Trackers, General Integration Projects, Launchpads, NFT Projects, Trading Terminals, and Wallets.

How to Get Started in Under 5 Minutes

  1. Go to app.monday.trade
  2. Click "Connect Wallet" and select Backpack Wallet

  1. Sign the confirmation approval (a wallet extension pop-up will appear)

Note: No fees are charged. This signature simply connects your wallet to Monday Trade.

  1. You're connected. Trade spot or perps, provide liquidity, and participate in ongoing campaigns.

Risks and Considerations

Monday Trade runs on smart contracts — automated code onchain that enables trading without intermediaries. While audited and tested, all smart contracts carry risk.

Bugs, exploits, or issues in third-party integrations could lead to loss of funds. By using Monday Trade, you acknowledge that:

  • You are responsible for your own onchain activity
  • Blockchain transactions are irreversible
  • No system is immune to failure or attack

Always use trusted wallets, DYOR, and follow good security practices.

Looking Ahead

Perp DEXs are evolving rapidly across every major blockchain and ecosystem. Monday Trade is focused on building out the next phase of trading on Monad through:

  • Capital Efficiency
  • Growth Engine
  • Ecosystem Expansion
  • Scaling & Sustainability

Phase 1 is currently being rolled out. Stay up to date to see what's next:

Final Thoughts

For traders exploring DeFi and onchain markets, Monday Trade is a practical entry point into high-performance trading on Monad. Built for newcomers and pro traders alike, the platform delivers fast execution, transparent infrastructure, and tools designed for real trading conditions.

With a clean UI, advanced order functionality, and a roadmap that keeps expanding, Monday Trade is positioning itself as a core venue for onchain trading in the Monad ecosystem.

Learn more about Backpack

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Disclaimer: This content is presented to you on an "as is" basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Backpack. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Backpack is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice.

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