Qilin is a permissionless decentralized perpetuals and derivatives protocol that launched its V2 marketplace on Ethereum mainnet with peer-to-pool liquidity. Qilin's Twitter Score is 12 out of 1000 as of August 2026, ranking #81,443 among 483,944 tracked accounts.
Qilin raised $800k in an initial funding round led by Multicoin Capital in May 2021 to develop its V2 platform. Backers also included Continue Capital, Fundamental Labs, MATH Foundation, and Yuanyuzhou Ventures. The V2 product was designed as a permissionless perpetuals marketplace allowing open market creation with peer-to-pool liquidity mechanics.
Qilin suffered an oracle front-running arbitrage attack against its V1 ETH-USDC trading pair on December 31, 2021. The protocol's last official Medium publication appeared on June 8, 2022, and its website and documentation subsequently became unavailable, pointing to a period of inactivity. Qilin has published 641 posts and has attracted 9,676 followers as of August 2026 on the platform. The account has been mentioned by 20 accounts, with 35 total mentions.
Who follows Qilin on X?
The accounts that follow Qilin include 36 founders, 15 angel investors, 26 influencers and 5 VCs. Among them are Andrew Kang, Matthew Graham, DCF GOD, Jane Lippencott, Ping and Mable.