Meridian
Not enough dataMeridian is a decentralized perpetual futures exchange on Robinhood Chain. It lists perpetual markets on traditional assets such as stocks, commodities or FX alongside crypto.
Meridian at a glance
- Launched
- Not verified yet
- Trading fees (base tier)
- Taker 0.005% · maker 0% (order book (CLOB)) source ↗official API GET /v1/product: takerFee 0.00005, makerFee 0 on all 8 active products; docs: fee rates are configured per product (https://docs.meridian.xyz/trading/perpetual-futures/fees)
- Maximum leverage
- 50× source ↗official API maxLeverage: 50x on SPY/QQQ mPerps, 20x XAU/XAG, 10x BTC/ETH/SOL/HYPE
- Perp markets
- About 8 · includes stocks, commodities or FX source ↗8 ACTIVE products in official API (BTC, ETH, SOL, HYPE + mPerps XAU, XAG, SPY, QQQ)
- Collateral
- USDe (ERC-20 on Robinhood Chain), wrapped 1:1 into MeridianUSD (merUSD) settlement token source ↗mPerps use isolated synthetic quote-token pools backed by merUSD
- KYC
- Not verified yet
- Restricted regions
- United States (residents, citizens, companies), Australia (residents, citizens, companies), other restricted regions source ↗geoblock modal text in the official app bundle: 'Meridian is not available to residents, citizens or companies incorporated in the United States of America, Australia and other restricted regions.' Terms page (app.meridian.xyz/terms) is JS-rendered and could not be read
- Audits
- Guardian — perpetual futures exchange contracts; ChainSecurity — perpetual futures exchange contracts source ↗
- Incidents
- None found in official sources
- Points program
- Not verified yet
- Referral program
- Yes; no fixed benefit for the referred trader is confirmed source ↗app referral flow (POST /v1/referral/claim); only referrer benefit stated: 'Invite friends, earn 10% of their points'; claim dialog: 'Enter a friend's referral code for them to receive 10% of your points' (percent filled from config). Nothing stated for the referee. Referral page is gated behind the same points feature flag
From Meridian’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.
Meridian 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: #40 now · not ranked 30 days ago · not ranked 90 days ago (among venues reporting that day)
| Metric | 30 days | 90 days | Coverage | Reading |
|---|---|---|---|---|
| Open interest | — | — | 35% | Not enough daily history yet |
| User fees | — | — | 35% | Not enough daily history yet |
| 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 · 21 days · 18 Sep 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 · 21 days · 17 Sep 2026 – 07 Oct 2026
Gaps are not joined. The scale starts near the series minimum, not at zero.
RWA-focused perps and prediction markets with a full derivatives stack. Powered by Robinhood Chain.
Project description as listed on DefiLlama
Meridian: common questions
What is Meridian’s open interest?
Meridian had $2.73M of open interest according to DefiLlama on 08 Oct 2026 · 12:17 UTC, ranking #40 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 Meridian?
Traders paid $1.08K in fees over the last 30 days according to DefiLlama.
Is Meridian growing?
Our current reading is “Not enough data”. The reading updates daily and requires sufficient history and a minimum base.
Does Meridian have a token?
We have not verified a tradable Meridian token. Beware of look-alike tokens using the name.
What are Meridian’s trading fees?
Taker 0.005% · maker 0% (order book (CLOB)) at the base tier, according to Meridian’s fee documentation. Higher-volume tiers and promotions can differ.
What is the maximum leverage on Meridian?
Up to 50× on some markets, according to Meridian’s documentation. Most markets allow less.
Does Meridian 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 “meridian-perps”, fetched 08 Oct 2026 · 12:17 UTC, SHA-256
402b67db180579ab… - DefiLlama fees history for listing “meridian-perps”, fetched 08 Oct 2026 · 12:17 UTC, SHA-256
1742a631f9af7564…
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 ↗