DEXTools, known for its analytics suite for decentralized exchanges, has announced the launch of PerpTools, a platform for trading perpetual futures directly on-chain. This development was made possible by an initial funding of $3 million, led by DEXForce and Orderly.

Integration and Functionality

PerpTools is natively integrated into the DEXTools environment, allowing users to access perpetual futures trading without the need for additional tools or separate accounts. According to the company, the DEXTools platform has over 30 million active users. The integration of PerpTools aims to expand the DEXTools ecosystem, which already includes analytics tools, AI-driven features, and prediction markets.

Architecture and Future Development

PerpTools does not operate as a standalone on-chain protocol, but rather as a tooling and infrastructure layer. The platform leverages Orderly's liquidity network, providing access to shared liquidity and on-chain transparency. Future development plans include the introduction of advanced analytics and automated trading strategies, connected to the PERP token, intended to support incentives, rewards, and governance functions.