Merkle is a gamified perpetual decentralized exchange that was built on the Aptos blockchain, offering leveraged markets across crypto, forex, and commodities before officially sunsetting on February 10, 2026. Merkle's Twitter Score is 25 out of 1000 as of August 2026, ranking #38,894 (top 10%) among 483,944 tracked accounts.
Merkle operated as a perpetual DEX on Aptos, allowing traders to take leveraged positions across multiple asset classes. At the time of its shutdown, the protocol reported more than 160,000 traders and over $30 billion in cumulative trading volume. Users with remaining assets were directed to an application claim flow following the closure.
Merkle raised a $2.1 million investment round co-led by Hashed and Arrington Capital, with participation from Morningstar Ventures, Amber Group, Aptos Labs, DoraHacks, and Re7 Capital. The protocol issued MKL, a utility token on Aptos with a maximum supply of 100,000,000 tokens, designed to enable protocol-fee rewards through staking and to support governance rights.
Merkle has accumulated 33,957 followers as of August 2026 and has published 3,119 posts. The account has been mentioned by 121 accounts, totaling 353 mentions.
Who follows Merkle on X?
The accounts that follow Merkle include 78 founders, 15 angel investors, 88 influencers and 4 VCs, among them Mario Nawfal, Mando, Michael Arrington, Mo Shaikh, Aptos and CryptoCondom.