Monda, the main DEX and liquidity incubator on the Monad blockchain, has rebranded to Purps trade and now gives cross-chain swaps.
Based on a current official announcement on X, Monda has formally rebranded to Purps trade. The platform’s new house is now Purps.xyz, with the outdated area Monda.fund absolutely redirected.
In a follow-up publish, the corporate explained the explanations behind the rebrand. First, the previous title “Monda” unintentionally clashed with different “Mon-” tasks within the Monad ecosystem, resulting in confusion and reputational setbacks.
The transfer to Purps additionally displays the trade’s maturation. Because the DEX quickly scaled, the group felt it had outgrown the “Mon-da” label and wanted a reputation that stood independently, with out direct ties to Monad itself.
The brand new title, Purps, not solely captures with the platform’s signature purple theme but in addition carries a intelligent nod to its core providing—20x perps trading. The phrase “Are you buying and selling purps at the moment?” is now each a model slogan and a playful double entendre inside the buying and selling group.
In the present day, the corporate additionally announced it has built-in CryptoRubic, a decentralized bridging protocol that permits native cross-chain token swaps. To have fun, the corporate is doing 250 Monad giveaway.
With cross-chain token swaps now stay, Purps makes it straightforward for customers from different chains to entry its deep liquidity and low-cost, immediate swaps. With bridging constructed into the dApp, new customers can onboard quicker and begin buying and selling or offering liquidity with out friction.
Past swapping, Purps additionally serves as a token launchpad. Initiatives can apply to be featured and doubtlessly host their Initial DEX Offering on the Purps Launchpad. By its incubation program, chosen tasks acquire entry to funding, group progress assets, and market traction help to speed up their improvement and adoption.
