The perpetual contract exchange Decibel incubated by Aptos Labs has launched on the Aptos mainnet

According to CoinDesk, Decibel, a fully on-chain perpetual contract exchange incubated by Aptos Labs, has launched on the Aptos mainnet.

The previous public testnet attracted over 700,000 independent accounts and 132,000 daily active users, with an average daily trading volume exceeding 1 million transactions. Before the mainnet launch, the pre-deposit activity promised over $58 million in funds, with about 40% coming from Ethereum and Solana users. Decibel adopts a centralized limit order book model, with order placement, matching, settlement, and risk management all executed on-chain. The protocol's default collateral is the US dollar stablecoin usDCBL issued by Bridge, a subsidiary of Stripe. Decibel plans to gradually increase spot markets, multi-collateral accounts, and tokenized real-world assets.