Monda, the leading DEX and liquidity incubator on the Monad blockchain, has recently undergone a major transformation. The platform has officially rebranded itself to Purps exchange, marking a significant shift in its identity. The new home for Purps exchange can now be found at Purps.xyz, as the previous domain Monda.fund has been completely redirected.
In a detailed explanation provided by the company, it was revealed that the decision to rebrand from Monda to Purps was influenced by several factors. One of the main reasons cited was the unintentional confusion caused by the similarity of the former name to other “Mon-” projects within the Monad ecosystem. This confusion not only led to misunderstandings but also affected the reputation of the platform.
Furthermore, the rebrand to Purps symbolizes the exchange’s growth and development. As the DEX expanded rapidly, the team felt that the name “Monda” no longer reflected the platform’s current status. They believed that a new name was needed to establish a distinct and independent identity, separate from its association with Monad.
The new name, Purps, not only aligns with the platform’s signature purple theme but also cleverly references its core offering of 20x perps trading. The phrase “Are you trading purps today?” now serves as both a brand slogan and a playful reference within the trading community.
In addition to the rebrand, Purps exchange has also announced the integration of CryptoRubic, a decentralized bridging protocol enabling native cross-chain token swaps. This integration allows users from various chains to access Purps’ deep liquidity and benefit from low-cost, instant swaps. To celebrate this milestone, the company is hosting a giveaway of 250 Monad.
With cross-chain token swaps now available, Purps aims to provide a seamless experience for users looking to trade or provide liquidity across different chains. The integration of CryptoRubic within the Purps dApp streamlines the process, allowing new users to onboard quickly and start engaging with the platform without any obstacles.
Beyond its swapping capabilities, Purps exchange also functions as a token launchpad, offering projects the opportunity to be featured and potentially host their Initial DEX Offering on the Purps Launchpad. Through its incubation program, selected projects receive funding, community growth resources, and market traction support to accelerate their development and adoption.
Overall, the rebranding of Monda to Purps exchange signifies a new chapter for the platform, emphasizing its growth, maturity, and commitment to providing innovative solutions in the decentralized finance space. The integration of CryptoRubic and the introduction of cross-chain swaps further enhance Purps’ offerings, making it a valuable asset for users across different blockchain networks.
