Drake Exchange
Not enough dataDrake Exchange is a decentralized perpetual futures exchange on Monad.
Drake Exchange at a glance
- Launched
- Not verified yet
- Trading fees (base tier)
- Taker 0.05% · maker 0.01% source ↗same on every market; vault fills also pay oracle spread (~0.5-2.5 bps)
- Maximum leverage
- 20× source ↗BTC-AUSD 20x, ETH 12x, SOL 10x, MON/HYPE 5x (values as of 2026-09-17 per docs)
- Perp markets
- About 5 source ↗docs 'Live markets' table (as of 2026-09-17): BTC, ETH, SOL, MON, HYPE vs AUSD; homepage/landing advertises gold, silver, oil, gas, stocks and indices as market types, but none are listed as live
- Collateral
- AUSD (only margin asset, on Monad) source ↗
- KYC
- Not required for retail (wallet-based; Chainalysis wallet screening and geo-blocking) source ↗no KYC step in docs; enhanced due diligence mentioned for institutional participants
- Restricted regions
- Belarus, Belize, China (mainland), DR Congo, Cuba, Hong Kong, Iran, Iraq, Cote d'Ivoire, Libya, Mali, Myanmar and 11 more source ↗
- Audits
- Sherlock — Monad contracts (report available on request, not public) source ↗plus continuous scanning by Octane; no bug bounty
- Incidents
- None found in official sources
- Points program
- Live source ↗weekly fixed points pool; separate MON token rewards program
- Referral program
- Yes; no fixed benefit for the referred trader is confirmed source ↗referrer earns 15-25% of referees' net fees (needs $10k own volume); docs state no benefit for the referred trader
From Drake Exchange’s own documentation, terms, API or official posts, checked 08 Oct 2026. Terms change; confirm on the venue before trading. “Not verified yet” means we could not confirm it from an official source.
Drake Exchange trend: Not enough data
No metric has enough comparable history on a sufficient base yet. The label counts metric directions; it is not a score and not investment advice.
Rank by open interest: #68 now · #61 30 days ago · not ranked 90 days ago (among venues reporting that day)
| Metric | 30 days | 90 days | Coverage | Reading |
|---|---|---|---|---|
| Open interest | +97.7% | — | 100% | Base too small for a reliable direction |
| User fees | +2,058% | — | 100% | Base too small for a reliable direction |
| Trading volume | — | — | — | Not enough daily history yet |
Thresholds: open interest ±25%, fees ±30%, volume ±40% over 30 days; the 90-day move must agree at half the threshold. Incentive campaigns can lift activity temporarily.
Activity over time
Open interest · daily
DefiLlama daily open interest · 90 days · 08 Jul 2026 – 08 Oct 2026
Gaps are not joined. The scale starts near the series minimum, not at zero.
User fees · daily
DefiLlama daily user fees, complete UTC days · 87 days · 13 Jul 2026 – 07 Oct 2026
Gaps are not joined. The scale starts near the series minimum, not at zero.
Fully on-chain perpetual exchange on Monad with hybrid CLOB + AMM liquidity and isolated/cross-margin portfolios.
Project description as listed on DefiLlama
Drake Exchange: common questions
What is Drake Exchange’s open interest?
Drake Exchange had $12.42K of open interest according to DefiLlama on 08 Oct 2026 · 12:17 UTC, ranking #68 of 91 perp DEXs we track by open interest. That is 0.0% of the combined open interest of the tracked venues.
How much do traders pay in fees on Drake Exchange?
Traders paid $43.52K in fees over the last 30 days according to DefiLlama, +2,058% compared with the previous 30 days.
Is Drake Exchange growing?
Our current reading is “Not enough data”. Average open interest over the last 30 days changed +97.7% versus the prior 30 days. The reading updates daily and requires sufficient history and a minimum base.
Does Drake Exchange have a token?
We have not verified a tradable Drake Exchange token. Beware of look-alike tokens using the name.
What are Drake Exchange’s trading fees?
Taker 0.05% · maker 0.01% at the base tier, according to Drake Exchange’s fee documentation. Higher-volume tiers and promotions can differ.
What is the maximum leverage on Drake Exchange?
Up to 20× on some markets, according to Drake Exchange’s documentation. Most markets allow less.
Does Drake Exchange require KYC?
Not required for retail (wallet-based; chainalysis wallet screening and geo-blocking), based on Drake Exchange’s terms and sign-up flow. Access rules can change by country.
Does Drake Exchange have a referral program?
Yes; no fixed benefit for the referred trader is confirmed.
Similar perp DEXs
Sources and capture details
- DefiLlama oi history for listing “drake-exchange”, fetched 08 Oct 2026 · 12:18 UTC, SHA-256
4316367fb9eb075b… - DefiLlama fees history for listing “drake-exchange”, fetched 08 Oct 2026 · 12:18 UTC, SHA-256
018e18ba81fb7478…
Open interest and fees: DefiLlama, captured 08 Oct 2026 · 12:17 UTC. 24h volume: CoinGecko derivatives exchange data (rolling 24 hours, converted from BTC), captured 08 Oct 2026 · 12:16 UTC. Token prices and 30-day price change: CoinGecko, at the time shown on each venue page; a parent-project or chain token is labelled and is not evidence of a claim on exchange revenue. Changes compare the last 30 days with the previous 30 days (OI as a daily average, fees as a total) and need at least 95% daily coverage. A trend label needs the 30-day move to pass a threshold (OI ±25%, fees ±30%) on a minimum base (OI ≥ $5M, fees ≥ $100K per 30 days); with 90 days of history both horizons must agree. Venue-reported volume is not audited; ⚑ marks volume above 25× open interest. “—” means unavailable, never zero. Full method ↗