BlockBeats News, February 20 — According to the latest specialized report from Messari, Decibel, an on-chain perpetual contract protocol built on the Aptos blockchain, is developing a high-performance, more transparent decentralized trading platform.
The report states that Decibel’s core features include on-chain execution of trade matching, risk management, and settlement, utilizing a unified margin system that allows users to support multiple market positions with a single collateral asset, thereby improving capital efficiency. Technologically, Decibel leverages Aptos’s Block-STM parallel execution engine and a low, predictable fee structure to provide high throughput and low latency infrastructure support for derivatives trading.
In terms of liquidity design, Decibel has launched an officially managed DLP as the core liquidity provider and clearing support, enabling participants to share in clearing fees and market-making profits. The report also mentions the introduction of the native collateral asset USDCBL: users deposit USDC, which is converted into USDCBL, and the protocol uses reserve asset earnings to support operations and fee structures.
Regarding progress, the mainnet beta is about to launch, initially supporting 12 trading pairs, with plans to quickly expand to approximately 50 mainstream trading pairs. In Q1 2026, multi-asset collateral functionality will be introduced, including support for DLP LP tokens as collateral, and expansion into stocks, commodities, and ETF-based RWA perpetual contracts. In Q2, spot trading and integration of Aptos DeFi yield will be launched, with token issuance and institutional-level integration expected within 2026.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Data: In the past 24 hours, the total liquidation across the network was $526 million, with long positions liquidated at $316 million and short positions at $210 million.
In the past 24 hours, the total liquidation amount across the entire network reached $526 million, involving 144,115 people. Among them, Bitcoin long and short liquidations were $122 million and $103 million respectively, while Ethereum long and short liquidations were $90.62 million and $47.88 million. The largest single liquidation was $11.17 million.
GateNews3h ago
Data: If BTC drops below $61,952, the total long liquidation strength on mainstream CEXs will reach $1.216 billion.
ChainCatcher reports that, according to Coinglass data, if BTC drops below $61,952, the total long liquidation strength on major CEXs will reach $1.216 billion. Conversely, if BTC breaks above $68,392, the total short liquidation strength on major CEXs will reach $978 million.
GateNews5h ago
Data: If ETH drops below $1,809, the total long liquidation strength on major CEXs will reach $791 million.
ChainCatcher reports that, according to Coinglass data, if ETH drops below $1,809, the total liquidation strength of long positions on major CEXs will reach $791 million. Conversely, if ETH breaks above $1,998, the total liquidation strength of short positions on major CEXs will reach $746 million.
GateNews5h ago
CryptoQuant Reports CME Basis Compression, Says Bitcoin Bottom Not Formed
_CME basis compression and a 47% drop in open interest signal deleveraging, but no clear capitulation bottom has formed._
Signs of stress are building in Bitcoin’s derivatives markets. Cooling demand for futures exposure and a sharp drop in open interest signal that deleveraging is still
LiveBTCNews5h ago
Geopolitical Shock Triggers $1.8B Hourly Dump in Crypto Futures
_Geopolitical escalation triggered $1.8B in futures selling, pushing Bitcoin sentiment into extreme bearish territory._
Escalating conflict in the Middle East sent shockwaves through crypto markets within minutes. Reports said United States President Donald Trump announced “major combat
LiveBTCNews6h ago
Data: In the past 24 hours, the total liquidation across the network was $498 million, with long positions liquidated at $357 million and short positions at $141 million.
In the past 24 hours, total liquidations across the network reached $498 million, with $357 million in long positions and $141 million in short positions. Bitcoin and Ethereum long positions were liquidated at $140 million and $101 million respectively, and a total of 144,570 people worldwide were liquidated.
GateNews7h ago