Shin Futures launches 'Monday Trade' service on Monad mainnet

Decentralized exchange (DEX) Shin Futures (F) announced on the 4th that its trading platform 'Monday Trade' developed in its builder program has officially launched services on the Monad (MON) mainnet.

The Shin Futures builder program is an internal ecosystem support project that began in the second quarter of this year, and Monday Trade is the first product released from that program.

Monad is a blockchain that unveiled its mainnet last November and is accelerating ecosystem expansion with ultra-fast transaction processing performance. Monday Trade has become one of the platforms providing initial perpetual futures trading on the Monad chain.

With the launch of services, Monday Trade supports a total of 424 trading pairs. During the testnet period it attracted about $1.2 million in assets, and its cumulative processed trading volume reached about $137 million.

Shin Futures is also preparing to launch its own Layer 1 mainnet. The new chain is designed to support ultra-fast transaction processing performance and a new collateral method, and testnet validation is currently being conducted with early users and professional traders.

A Shin Futures representative said, "The new products to be presented through the builder program are being developed based on Shin Futures' technology stack," and added, "It positions itself as a platform where anyone can freely create a derivatives trading market using the infrastructure."