Perpl airdrop guide: farm the up-to-$1,000,000 MON pool and Perpl points on Monad (2026)

Perpl is the rare farm where one activity pays you twice, and one of the two payouts is already denominated in a live, liquid token. It is a fully on-chain perpetual futures exchange built natively for Monad, backed by a $9.25 million round led by Dragonfly Capital, and it is running a 16-week campaign called Purple Summer that hands out a reward pool of up to $1,000,000 in MON. On top of that sits a separate Perpl points program that most likely feeds a future PERPL token. If you want a single venue that gives you a confirmed MON payout and a speculative second token from the same trades, Perpl deserves a serious look. Here is the full breakdown and how to position before either distribution closes.

Perpl is a high-performance, decentralized perpetual futures exchange handcrafted for the Monad EVM. It runs a fully on-chain central limit order book, which means every order, trade and cancellation happens directly inside Monad's execution layer with no off-chain matching engine and no centralized point of failure. That is a genuinely hard thing to build. Most "on-chain" perp DEXes still match orders on a private server and only settle on-chain. Perpl puts the whole book on-chain and leans on Monad's throughput to make it feel like a centralized exchange.

The performance numbers are why this is possible now and was not two years ago. Monad targets around 10,000 transactions per second with roughly 400ms block times and near-zero gas, and it is 100% EVM compatible. Perpl is engineered to exploit that: market-maker post-and-cancel cycles are kept under 100k gas, which lets makers update quotes constantly, tighten spreads, and give you fills that rival Binance or Bybit while you keep self-custody the entire time. The interface ships with full TradingView charting, so it reads like a pro venue rather than a testnet toy.

On credibility, Perpl raised $9.25 million in a round led by Dragonfly Capital, announced on May 13, 2025, with participation from Ergonia, Mirana, BHD, HashKey, L1D, CMS and Breed, and Brevan Howard is among the roughly 20 investors on the cap table. That is serious, named capital from funds that do not write checks into throwaway projects. Combined with the fact that Perpl is one of the anchor DeFi apps on Monad, a chain whose own MON token is already live and liquid, this is a higher-conviction farm than the average anonymous perp DEX. Start on Perpl.

This is where Perpl is unusual, so read it carefully. There are two separate reward tracks, and they do not carry the same certainty.

The first is mPoints, and this one is effectively confirmed. mPoints power Purple Summer, a 16-week campaign that began on July 8, 2026. Your mPoints directly determine your share of a reward pool of up to $1,000,000 that is paid out in MON, the native token of Monad, at the end of the campaign. There are 1,000,000 mPoints in total: 800,000 are distributed through weekly trading rewards at 50,000 mPoints per week across the 16 weeks, and the remaining 200,000 are reserved for builder codes, tournaments and bonus rewards. Snapshots happen every Wednesday and mPoints are distributed every Monday. The final payout is denominated in USD but claimable in MON, and the pool unlocks in tiers ranging from $500,000 to $1,000,000 based on total activity. Because MON already trades, this is not a "maybe someday" token. It is a live asset with a scheduled distribution.

The second track is Perpl points, and this one is the speculative upside. Perpl runs its own Season One points program, distributing 50,000 points per week, snapshotted every Wednesday at 16:00 UTC and dropped within 48 hours. Perpl has not confirmed a PERPL token, so treat these points as an unconfirmed airdrop. But the pattern is textbook: a well-funded exchange running a structured points season almost always resolves into a token, and Dragonfly-backed teams tend to reward their early books. So you get one confirmed MON payout and one high-probability second token from the exact same trades. As tokenless-plus-token-live setups go, that is one of the cleaner risk profiles on the board.

• Project: Perpl
• Chain: Monad (fully on-chain, EVM-compatible)
• Type: Perpetual futures DEX, fully on-chain central limit order book
• Status: Live (Beta), Purple Summer campaign active
• Confirmed reward: Up to $1,000,000 MON pool via mPoints, 16-week Purple Summer (started July 8, 2026), paid in MON
• mPoints supply: 1,000,000 total. 800,000 via weekly trading (50,000/week x 16 weeks), 200,000 for builder codes, tournaments and bonuses
• Second track: Perpl points, Season One, 50,000/week, likely future PERPL token (unconfirmed)
• Snapshots: mPoints every Wednesday, paid every Monday. Perpl points snapshot Wednesday 16:00 UTC, paid within 48 hours
• Fees: Charged only on opening trades, closing is 0 bps. Tier 1 (under $5M 14-day volume) is 0.9 bps maker and 6.9 bps taker, scaling down to negative maker fees for high-volume tiers. All traders start at Tier 1, adjusted via weekly rebates
• Referral: Referrer earns 10% of first-degree and 5% of second-degree trading fees, and both sides earn an extra 5% on the referee's trading points. Paid bi-weekly
• Backers: $9.25M led by Dragonfly Capital (May 2025), with Ergonia, Mirana, BHD, HashKey, L1D, CMS, Breed and Brevan Howard among ~20 investors
• Related airdrops: Predict.fun, Polymarket, and the broader prediction-market and perp-DEX field
• Join: Trade on Perpl

Costs are low and mostly recoverable. Gas on Monad is near-zero, so the transaction overhead of frequent trading is negligible, which is exactly why an on-chain order book is viable here. The real cost is trading fees and spread. Perpl charges fees only on opening a position, and closing is 0 bps across every tier. At Tier 1, which is where everyone starts (under $5M of 14-day volume), you pay 0.9 bps maker (0.009%) and 6.9 bps taker (0.069%) on the open, and tier upgrades are applied as weekly rebates as your volume grows. Posting maker orders rather than taking keeps your costs near the floor and can turn negative at high tiers.

Your capital mostly works as margin rather than being spent, so a practical starting budget is a few hundred dollars, enough to trade meaningfully across the 16 weeks and, if you want, run a hedge leg on a second venue. What is genuinely at risk is liquidation on leveraged positions, so size conservatively, and the usual smart-contract and oracle risk that comes with any on-chain perp. The delta-neutral approach in step 3 is the way to keep volume high while keeping directional risk near zero.

Perpl is among the better-credentialed perp DEXes you can farm right now. A $9.25 million raise led by Dragonfly with Brevan Howard, HashKey and Mirana on the cap table is real, named backing, and being a fully on-chain order book means there is no hidden off-chain engine that can be paused or rugged against you. Every trade is verifiable on Monad. The team's own framing, that performance, usability and decentralization can coexist, is backed by the sub-100k-gas maker design rather than being a slogan.

The honest risks are the ones every leveraged venue carries. Perps mean liquidation risk, so never trade size you cannot afford to lose. The platform is in Beta, so treat it as early software and start small. Monad is a young chain, which is part of the airdrop opportunity but also means less battle-testing than Ethereum mainnet. And the Perpl points track is an unconfirmed token, so do not count PERPL as guaranteed money even though the mPoints-to-MON payout is scheduled. The off-platform threat is always phishing around any token event, so use only the official Perpl domain, never approve a blanket token allowance to "claim," and never share your seed phrase. Our how to avoid airdrop scams guide covers the exact playbook.

How do Perpl's points actually work?

There are two tracks. mPoints run the 16-week Purple Summer campaign and decide your share of a MON pool of up to $1,000,000, with 50,000 mPoints distributed weekly for trading plus 200,000 reserved for builders, tournaments and bonuses. Snapshots are Wednesday, payouts Monday, and the reward is claimable in MON. Separately, Perpl points run Season One at 50,000 per week, snapshotted Wednesday at 16:00 UTC, and most likely feed a future PERPL token that is not yet confirmed. The same trading earns both.

What is the difference between mPoints and Perpl points?

mPoints are the confirmed, MON-denominated reward for Purple Summer, backed by a live token with a scheduled distribution. Perpl points are the speculative bet on a future PERPL airdrop. Farming is identical for both, you just trade, but mPoints are the concrete payout and Perpl points are the upside lottery ticket layered on top.

Is there a Pendle or fixed-yield market for Perpl positions?

Not currently. Monad is new and there is no live Pendle, Exponent or Rate-X market on Perpl positions to lock in fixed yield or lever points exposure. The nested angle that does exist today is stacking: the same trades earn mPoints and Perpl points simultaneously, and a delta-neutral hedge lets you farm Perpl volume while a second venue's points farm on the opposite leg.

Do I need to build to benefit?

No, but building unlocks a far less contested pool. 200,000 mPoints sit behind builder codes, tournaments and bonuses, and Perpl's fee and points structure also rewards builder codes on the Perpl-points side. If you can ship a tool, bot or integration against the Perpl API you tap rewards most traders never touch. If you cannot, Deployr can build and deploy it for you. See our builder guide for Perpl.

What are related airdrops to farm alongside Perpl?

Perpl pairs naturally with the prediction-market and perp-DEX field. Look at Predict.fun and the broader best prediction market airdrops , which includes Polymarket, and pair Perpl with a second perp venue for delta-neutral farming. You can also farm perp-DEX volume by playing on airdropSEA Play . Browse the full airdrops list .

Related: Delta-neutral airdrop farming , Predict.fun airdrop strategies , and the best prediction market airdrops . Full list: browse the airdrops catalog .

Perpl is a two-for-one farm on the fastest-growing new L1: a scheduled MON payout and a likely PERPL token from the same book, on a venue backed by Dragonfly and Brevan Howard. Join airdropSEA, start on Perpl, and farm it alongside a family that shares the weekly cadence, the funding spreads, and the builder codes.

Research, not financial advice. Web3 carries risk, do your own diligence.