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Priest.trade is purpose-built as an EVM application on the Monad network.

Supported Networks

Note on Solana vs Monad: Perpes.fun operates on Solana (solana.perpes.fun / devnet). Priest.trade (priest.trade) is the standalone, full-featured deployment on Monad Mainnet. The contracts, assets, and vaults on Priest.trade run exclusively on Monad.

Collateral Assets

All perpetuals markets on Priest.trade are denominated, collateralized, and settled in USDC.
  • Collateral Currency: USDC only.
  • Why not multi-collateral? Using native USDC avoids cascading liquidations caused by collateral depreciation during market downturns. 1 USDC in margin always equals $1.00 USD of collateral backing.

Tradeable Assets

The list of tradeable markets on Priest.trade is dynamic and permissionless. Any user can create a new market via the launchpad or list an existing asset. Markets carry the following lifecycle states:

Network Gas & RPC Endpoints

Monad gas fees are paid in native MON. Gas is typically less than $0.001 per transaction.

Official Mainnet RPCs:

  • Default HTTP: https://rpc.monad.xyz
  • Default WebSocket: wss://rpc.monad.xyz

Official Testnet RPCs:

  • Default HTTP: https://testnet-rpc.monad.xyz