Perpl, a decentralized exchange (DEX) for perpetual futures trading on the Monad blockchain, has raised $9.25 million in a funding round led by Dragonfly Capital and Ergon Trading. Other investors include HashKey Group, Mirana, BH Digital Assets, CMS Holdings, and Breed VC. The funding will support Perpl's development and mainnet launch. Separately, Synthetix has announced a proposal to acquire Derive, a perpetuals and options exchange, through a $27 million token swap as part of its strategy to launch Synthetix v4 on the Ethereum mainnet. This acquisition aims to enhance Synthetix's scalable perpetual and options product offerings on mainnet.