BlockBeats News, February 20 — According to the latest specialized report from Messari, Decibel, an on-chain perpetual contract protocol built on the Aptos blockchain, is developing a high-performance, more transparent decentralized trading platform.
The report states that Decibel’s core features include on-chain execution of trade matching, risk management, and settlement, utilizing a unified margin system that allows users to support multiple market positions with a single collateral asset, thereby improving capital efficiency. Technologically, Decibel leverages Aptos’s Block-STM parallel execution engine and a low, predictable fee structure to provide high throughput and low latency infrastructure support for derivatives trading.
In terms of liquidity design, Decibel has launched an officially managed DLP as the core liquidity provider and clearing support, enabling participants to share in clearing fees and market-making profits. The report also mentions the introduction of the native collateral asset USDCBL: users deposit USDC, which is converted into USDCBL, and the protocol uses reserve asset earnings to support operations and fee structures.
Regarding progress, the mainnet beta is about to launch, initially supporting 12 trading pairs, with plans to quickly expand to approximately 50 mainstream trading pairs. In Q1 2026, multi-asset collateral functionality will be introduced, including support for DLP LP tokens as collateral, and expansion into stocks, commodities, and ETF-based RWA perpetual contracts. In Q2, spot trading and integration of Aptos DeFi yield will be launched, with token issuance and institutional-level integration expected within 2026.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hyperliquid's active retail investor count has significantly increased, with a preference for high-leverage trading.
The number of active contract traders on the Hyperliquid platform is approaching its six-month high, having increased significantly since January, especially after liquidating large whale positions. Despite a decline in open interest (OI), the number of active retail traders has increased, with a preference for high-leverage trading.
GateNews51m ago
Data: Gate's 24-hour net capital inflow exceeds $17.69 million, ranking second worldwide
ChainCatcher reports that, according to DefiLlama data, Gate had a net capital inflow of over $17.69 million in the past 24 hours, ranking second globally; and a net inflow of $65.81 million over 7 days, ranking third globally.
Additionally, Gate's 24-hour open interest for perpetual contracts reached $8.859 billion, ranking third globally.
GateNews1h ago
Crypto Markets Hold Ground Amid Rising Iran Tensions
Amid rising U.S.-Iran tensions, Bitcoin and Ethereum briefly declined but quickly recovered. Market resilience was shown as $300M in liquidations remained contained, with some capital shifting toward tokenized gold. Options flows indicate expectations for a March rebound despite volatility.
CryptoFrontNews1h ago
Overview of Mainstream Perp DEXs: Platform data remains relatively stable, with Hyperliquid's trading volume fluctuating around $5 billion.
According to DefiLlama data, the trading volume of mainstream Perp DEXs has not changed significantly in the past 24 hours. Among them, Hyperliquid's trading volume is approximately $5.12 billion, with Aster in second place at $3.06 billion. Other platforms such as Lighter, EdgeX, Apex, and Pacifica have gradually seen decreasing trading volumes.
GateNews2h ago
Data: If BTC breaks through $69,504, the total liquidation strength of mainstream CEX short positions will reach $1.251 billion.
ChainCatcher reports that, according to Coinglass data, if BTC breaks through $69,504, the total liquidation strength of long positions on major CEXs will reach $1.251 billion. Conversely, if BTC drops below $62,934, the total liquidation strength of short positions on major CEXs will reach $1.193 billion.
GateNews2h ago
Data: If ETH breaks through $2,048, the total liquidation strength of mainstream CEX short positions will reach $869 million.
ChainCatcher Message: According to Coinglass data, if ETH breaks through $2,048, the total liquidation strength of mainstream CEX short positions will reach $869 million. Conversely, if ETH drops below $1,855, the total liquidation strength of mainstream CEX long positions will reach $632 million.
GateNews2h ago
