On Monday, Gate, a prominent crypto exchange, announced the MONUSDT Pre-Market Perpetual’s migration to the Formal MONUSDT Perpetual contract. This migration denotes a notable move for traders looking to track Monad’s native token $MON. As Gate mentioned in its official announcement, this development will not impact the existing positions or trading throughout the transition period. Hence, the event is set to ensure a smooth user experience and attract market-wide attention on social media this week.
Gate Bolsters $MON Futures with MONUSDT Perpetual Migration Along with Perp DEX Listing
As Gate pointed out, the MONUSDT Pre-Market Perpetual’s migration to the Formal MONUSDT Perpetual contract is crucial for traders looking for $MON’s exposure. Thus, the market members continue to predict a positive reaction to this development in the coming days. Overall, Gate intends to fortify futures accessibility with this migration and listing on its Perp DEX.
Additionally, the exclusive MONUSDT Perpetual contract will offer a 50x leverage, permitting short and long trading opportunities for professional and retail participants. Now, after the completion of the migration, the contract is live on the Gate Per DEX, letting users trade $MON/$USDT while leveraging enhanced tools.
$MON Perpetual Growth Boosts Gate Ecosystem as $GT Token Records Notable Gains
At the same time, the new perpetual contract also enhances liquidity mechanisms to establish a relatively seamless trading environment. Apart from the central futures forum, Gate has also unveiled $MON’s Perp DEX Trading. This provides decentralized perpetual capabilities for traders requiring on-chain execution.
Overall, this initiative has boosted momentum around Gate, with its native $GT token making notable progress. Its price has thus jumped by 1.85% over 24 hours, reaching $10.13. Therefore, it is a notable achievement, after weekly 3.77% and monthly 34.64% dips. At the same time, its market cap accounts for $813.93 after a 1.89% rise. Similarly, the 24-hour volume has surged by 25.9%, hitting $4.75M.
