Currencies33181
Market Cap$ 3.11T-0.78%
24h Spot Volume$ 28.32B+9.81%
DominanceBTC61.27%+0.12%ETH7.12%+0.88%
ETH Gas0.34 Gwei
Cryptorank
Open report modalReport issue
Drake

Drake  

3 Watchlists

DeFi

Status

General Info

Description

Drake Exchange is a decentralized perpetual exchange on the Monad network.

What is Drake?

Drake Exchange is a decentralized perpetual exchange on the Monad network. It combines elements of centralized exchanges (CEX) and decentralized finance (DeFi) using a model that integrates a full limit order book with a pricing, matching, and order routing engine that operates entirely on the blockchain. Additionally, Drake incorporates backstop Automated Market Maker (AMM) liquidity, which enhances market depth and price execution. This setup allows for quicker listing of new markets without requiring the involvement of traditional market makers.

Trending Coins and Tokens Flame icon