Solana DEX Pacifica Launches Monad (MON) Perpetual Contract Trading With 3x Leverage

The Solana-based decentralized perpetual exchange Pacifica has announced the official launch of pre-market perpetual contract trading for Monad (MON), enabling traders to speculate on MON’s price ahead of its public listing.

According to Pacifica’s announcement, users can now open long or short positions with up to 3x leverage, marking the first time a Solana DEX has offered pre-market perpetual trading for a major upcoming Layer-1 ecosystem token.

Pacifica Expands Its Derivatives Suite

Pacifica has quickly become one of Solana’s fastest-growing perpetual DEX platforms, known for its high-speed, low-fee trading architecture and on-chain risk management.

The addition of Monad (MON) perpetuals follows Pacifica’s growing list of supported assets, which includes Solana (SOL), Ethereum (ETH), and BNB perpetual contracts.

“The MON listing is part of our commitment to deliver the most innovative and accessible derivatives products on Solana,” a Pacifica spokesperson said. “Pre-market perpetuals give traders early access to market sentiment and real-time price discovery before token launches.”

What Is Monad (MON)?

Monad is an upcoming high-performance Layer-1 blockchain that has gained attention for its EVM-compatible, parallel execution architecture, which aims to deliver ultra-low latency and high throughput.

Although the MON token has not yet launched, anticipation in the crypto community is high due to Monad’s promise to combine Ethereum compatibility with Solana-level speed.

The Pacifica pre-market perpetual product allows traders to gain synthetic exposure to MON’s potential launch price, without needing to wait for centralized exchange listings.

Trading Details

• Pair: MON-USDC (Perpetual Futures)
• Leverage: Up to 3x
• Settlement: USDC on Solana
• Funding Mechanism: Dynamic funding rate based on open interest imbalance
• Launch Phase: Pre-market (no underlying spot token yet)

Pacifica stated that risk management parameters, including liquidation thresholds and margin requirements, have been adjusted for volatility typical of pre-listing assets.

Solana’s Derivatives Market Heats Up

The move highlights the rapid expansion of Solana’s DeFi derivatives landscape, which has seen significant growth throughout 2025.

Platforms such as Drift Protocol, Zeta Markets, and Cypher have all introduced new leveraged products, while Pacifica’s MON launch further diversifies trading opportunities on Solana.

According to on-chain analytics provider DeFiLlama, Solana’s perpetual DEX volume surpassed $4.2 billion in October, representing a 26% month-over-month increase.

Analyst Commentary

Market observers suggest that Pacifica’s MON perpetual contracts could serve as a key price discovery mechanism ahead of Monad’s official token debut.

“Pre-market perpetuals are becoming the crypto industry’s version of IPO futures,” said Lillian Park, head of research at DeFi Alpha. “Pacifica’s MON market may attract both speculators and early believers in Monad’s tech stack.”

Outlook

If Monad’s launch momentum continues and Pacifica maintains strong liquidity, MON perpetuals could become one of the most actively traded pre-launch assets on Solana this quarter.

With traders already flocking to on-chain derivatives for early exposure, the line between primary listings and perpetual futures markets continues to blur — and Pacifica appears poised to capitalize on that shift.