Meridian Trade (MST)

Total Value Locked

Chain Breakdown
Meter	$2,353
Base	$2,198

	$59,057

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USD MTRG

Protocol Information

Meridian Trade is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. Trading is supported by a multi-asset pool that earns liquidity providers fees from market making, swap fees, leverage trading (spreads, funding fees & liquidations), and asset rebalancing.

Category:Derivatives

Forked from:GMX V1

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Development Activity

(updated at 09/01/25)

Weekly commits: 9
Monthly commits: 11
Weekly developers: 1
Monthly developers: 1

Last commit: 9 days ago (2025-01-09)

Token Information

Address:0x2F3b1A...D93552

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Methodology

TVL code

Competitors

Jupiter Perpetual Exchange ($1.834b)Drift Trade ($946.73m)GMX V2 Perps ($447.55m)dYdX V4 ($382.85m)Hyperliquid HLP ($284.94m)Synthetix V3 ($226.75m)Derive V2 ($115.2m)GMX V1 ($113.14m)Vertex Perps ($85.94m)Wasabi ($74.66m)