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.

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Derivative exchanges

Merkle Trade

# Price Methodology

## Overview

Price measures the current USD value of a project's governance or native token. It is sourced from CoinGecko and reflects the latest available market price across centralized and decentralized exchanges.

Current USD value of a project's governance or native token.

Merkle TradeMKL

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Price

Price

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