Liquidity providers deposit funds into Merkle Trade and receive trading fees from traders (supply-side fees).

Merkle Trade is a non-custodial perpetual exchange protocol built on Aptos.

MKL tokenholders own and govern the protocol. They do currently take a cut of the total trading fees paid by traders (revenue). Merkle Trade's investors include Arrington Capital, Hashed, etc.

twitter

discord

website

github

Derivative exchanges

Merkle Trade

# Code commits Methodology

## Overview

Code commits measures the total number of commits made to the project’s public GitHub repositories. It reflects how actively the codebase is being updated.

Total commits made to the project's public repositories.

Merkle TradeMKL

Archived

Code commits

Code commits

Competitive landscape