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According to a report by Blockworks on May 13, the perpetual futures DEX project Perpl announced that it has completed a $9.25 million financing round, led by Dragonfly, with participation from Ergonia, Brevan Howard, Breed, L1D, and CMS. The project will build an on-chain central limit order book on the Monad blockchain and plans to launch its Testnet by the end of 2025.

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