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.
