Decibel goes live on Aptos with a $58 million war chest and a secret weapon from Stripe's Bridge

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Decibel goes live on Aptos with a $58 million war chest and a secret weapon from Stripe's Bridge After a testnet with 700,000 accounts and $50 million in pre-deposits, Decibel begins mainnet trading with an onchain order book and risk engine on Aptos. By Oliver Knight | Edited by Jamie Crawley Feb 26, 2026, 2:00 p.m. Make us preferred on Google Decibel goes live on Aptos (sergeitokmakov/Pixabay/Modified by CoinDesk) What to know : Decibel recorded 700,000+ accounts, 132,000 daily users and over 1 million daily trades during its public testnet. All order matching, settlement and margin logic execute onchain via smart contracts on Aptos. More than $50 million was committed ahead of mainnet; about 40% came from Ethereum and Solana users. Decibel, a fully onchain perpetuals exchange incubated by Aptos Labs, is now live on the Aptos mainnet, the Decibel Foundation said Wednesday. The debut follows a public testnet that drew more than 700,000 unique accounts and 132,000 daily active users, according to the foundation. Users executed over 1 million trades per day during testing, and more than $58 million was committed through a pre-deposit campaign ahead of mainnet activation. Decibel’s debut comes during an intensifying race among onchain perpetuals exchanges. The past year has seen a surge of competition, led by Hyperliquid, which remains the category’s dominant venue by volume . Other contenders, including Aster and Lighter, briefly gained traction before fading from the spotlight. Decibel now enters that increasingly crowded field with plans to gain market share from a sector that racked up $920 billion in trading volume over the past 30 days, according to DeFiLlama . Decibel operates a central limit order book where order placement, matching, settlement and risk management occur entirely onchain. The model replaces the offchain risk engines and discretionary controls common in traditional and crypto exchanges with predefined smart contract rules visible to users. The protocol will become the first perpetual exchange built on Aptos, a layer-1 blockchain with sub-50 millisecond block times and sub-500 millisecond finality. Decibel’s matching engine, margin requirements and liquidation logic execute onchain. Users can fund accounts from Aptos, Ethereum, Solana or centralized exchanges. Roughly 40% of pre-deposit capital originated from Ethereum and Solana, the foundation said. The platform uses a dollar-denominated stablecoin, usDCBL, issued by Bridge, a Stripe company, as default collateral. The Decibel Foundation said it plans to add spot markets, multi-collateral accounts and tokenized real-world assets, with the aim of expanding beyond crypto derivatives over time. Aptos perpetual contracts Decentralized exchange More For You MetaMask expands debit card across U.S. after year-long pilot By Margaux Nijkerk , AI Boost | Edited by Sheldon Reback 1 min. ago The card lets users spend digital assets directly from their self-custodial wallets at various merchants. What to know : MetaMask is expanding the U.S. reach of its blockchain-based debit card with a nationwide rollout following a year-long pilot program. The non-custodial card now works everywhere Mastercard is accepted, including support for digital wallets like Apple Pay and Google Pay. It joins a market that already features a number of competitors , including cards on the Visa network. Read full story Latest Crypto News MetaMask expands debit card across U.S. after year-long pilot 1 min. ago Ethereum Foundation drops most ambitious roadmap in years, targets finality in seconds by 2029 25 minutes ago Indiana prepares to put bitcoin in its public retirement plans 54 minutes ago Trump family-linked American Bitcoin posts $59 million Q4 loss as bitcoin price slides 1 hour ago STS Digital raises $30 million to expand crypto options platform 1 hour ago Bitcoin's bounce fails to convince options traders 1 hour ago Top Stories Bitcoin stalls below $70,000 while DOT, UNI lead altcoin surge 2 hours ago The 10 a.m. mystery: Why bitcoin’s daily ‘price slam’ suddenly vanished after a massive lawsuit 3 hours ago Nvidia earnings smashed expectations as the world’s largest company CEO says AI is only getting better 16 hours ago MrBeast editor nabbed by prediction market firm Kalshi for alleged insider trading 18 hours ago A $100 million crypto campaign fund with a pro-Trump vibe so far failed to show up 21 hours ago