Decibel goes live on Aptos with fully onchain perpetuals exchange

Decibel, a fully onchain perpetuals exchange incubated by Aptos Labs, has officially launched on the Aptos mainnet following a successful testnet that attracted over 700,000 accounts and $58 million in pre-deposits. Decibel operates using a central limit order book where all processes—order placement, matching, settlement, and risk management—occur entirely onchain, utilizing predefined smart contract rules instead of traditional offchain risk engines. As the first perpetual exchange on Aptos, it benefits from the layer-1's fast finality. Users can fund accounts from Aptos, Ethereum, or Solana, with the platform defaulting to usDCBL, a stablecoin issued by Bridge, a Stripe company, as collateral. The Decibel Foundation intends to expand its offerings to include spot markets, multi-collateral accounts, and tokenized real-world assets.

(Source：CoinDesk)