According to TechFlow, on May 13, Blockworks reported that the perpetual futures DEX project Perpl announced the completion of a $9.25 million financing 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 a testnet by the end of 2025.