Derp.trade is the world’s first derivatives launcher. It’s built on top of pump.fun – Solana’s leading protocol for coin creation. With Derp, users can create memecoins that are instantly tradable with leverage up to 100X.
Launched just 24 hours ago, derp.trade is already making noise, with core metrics at:
85+ coins created
2000+ trades in derp markets
$1.5M+ trading volume in derp markets
$9M+ of trading volume generated on pump.fun
9000 daily active users
“Derp.trade launched just eight hours ago, and while we’re still gathering the full numbers, @DerpyOnDerp alone has already generated $7.4 million in volume,” tweeted Moonboy, the anonymous co-founder of derp.trade. “The love and support from the community has exceeded anything I could’ve imagined. I truly believe we’re building something special—a new primitive has been born.”
What makes derp.trade possible?
The key idea behind derp.trade is the introduction of DERPs (Decentralized Perpetuals). DERPs are a new kind of digital asset that allow users to trade assets with leverage, similar to perpetual futures, but without needing an order book like traditional exchanges. Instead, DERPs use Automated Market Making (AMM), which means trades are instantly filled even if the market doesn’t have much liquidity.
When someone creates a coin on derp.trade, it automatically deploys the coin on pump.fun (for regular trading) and a DERP market on top of it for leveraged trading. This setup lets traders instantly start trading with leverage (up to 100X) even on new coins that don’t yet have much trading activity. As the derp market gets more liquid, traders can use higher leverage, making it easy and efficient to trade new coins, both long and short.
Read more: cointelegraph.com
