Perpl (Monad): Weekly Points Distribution and Monad Cards Invitational Tournament Guide
What's Happening
Perpl, a fully on-chain order-book perpetual DEX on Monad, is running a weekly Perpl Points/mPoints distribution. In the most recent round (2026-07-31), 2,295 traders received 50,000 Perpl Points and 50,000 mPoints. Alongside this, the $100,000 "Monad Cards Invitational Tournament" is also live, ending roughly two weeks after the July 30, 2026 announcement (around mid-August).
The token has not launched yet. Perpl has raised roughly $9.25 million (some sources show $9.5 million) from investors including Dragonfly Capital.
What to Do
- Connect your wallet at perpl.xyz and deposit funds (free, a few minutes)
- Execute perpetual trades (Perpl Points and mPoints accrue automatically based on volume)
- Invite new users via your referral link to earn a 5% referral bonus
- Trade at least once during the tournament period (ending mid-August) to receive a soulbound badge NFT
The tournament has two categories:
| Category | Prize | Scoring |
|---|---|---|
| Trading Score Contest | $85,000 | PNL × √volume |
| Volume Contest | $15,000 | Ranked by trading volume |
The MON pair carries a limited-time 2x points boost, which may suit users who want to accumulate points with smaller, frequent trades.
Past Seasons & Distribution History
There has been no announced "season" split — this runs as a single continuous campaign.
| Date | Recipients | Weekly Volume | Notes |
|---|---|---|---|
| 7/16 | 2,545 | $281.3M | - |
| 7/24 | - | $256.2M | TVL +$1.1M weekly |
| 7/31 | 2,295 | $392.7M | TVL +$800K+ weekly |
The mPoints guaranteed reward pool expanded step by step: $600K on 7/18 → $700K on 7/20 → $800K on 7/22 → $900K on 7/28. Users who held at least 1 cumulative point in the "Week 5" snapshot on 7/15 became eligible for the tournament. Cumulative trading volume passed $1 billion as of 2026-07-27.
The official token allocation table, unlock schedule, and confirmed airdrop distribution amount have not been announced.
Things to Watch
- The token hasn't launched — no ticker, TGE date, or total supply has been announced, and there is no confirmed guarantee that Points convert directly into an airdrop
- Reported fundraising figures differ between sources ($9.25M vs $9.5M), and the full investor list hasn't been confirmed
- No information is available on any audit firm or audit date
- Leveraged trading (up to 10x on pairs like MON/HYPE/ZEC) carries liquidation risk
- Monad itself is still a young chain, so ecosystem-wide risk remains
Since an airdrop is not guaranteed, whether to commit capital purely to accumulate points should be weighed against the risks above.
Sources
A fully on-chain CLOB perpetual DEX built on Monad
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