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crypto.news 2025-05-07 11:35:58

Monda DEX on Monad rebrands to Purps exchange, integrates CryptoRubic for cross-chain swaps

Monda DEX on Monad rebrands to Purps exchange, integrates CryptoRubic for cross-chain swaps

Monda, the leading DEX and liquidity incubator on the Monad blockchain, has rebranded to Purps exchange and now offers cross-chain swaps. According to a recent official announcement on X, Monda has officially rebranded to Purps exchange. The platform’s new home is now Purps.xyz , with the old domain Monda.fund fully redirected. In a follow-up post, the company explained the reasons behind the rebrand. First, the former name “Monda” unintentionally clashed with other “Mon-” projects in the Monad ecosystem, leading to confusion and reputational setbacks. The move to Purps also reflects the exchange’s maturation. As the DEX rapidly scaled, the team felt it had outgrown the “Mon-da” label and needed a name that stood independently, without direct ties to Monad itself. The new name, Purps, not only captures with the platform’s signature purple theme but also carries a clever nod to its core offering—20x perps trading . The phrase “Are you trading purps today?” is now both a brand slogan and a playful double entendre within the trading community. You might also like: Monad partners with Chainlink for oracle services ahead of mainnet launch Today, the company also announced it has integrated CryptoRubic, a decentralized bridging protocol that enables native cross-chain token swaps. To celebrate, the company is doing 250 Monad giveaway. Purps x @CryptoRubic Integration 🤝 We’ve integrated @CryptoRubic into our DEX to give users a seamless cross-chain bridge experience directly inside the Purps dApp. To celebrate, we’re doing a 250 Monad giveaway 💜 (50 Monad x 5 winners) To enter: 1. Like + RT 2. Tag 3 Monad… pic.twitter.com/crestrWBqx — Purps DEX on Monad 🦄 (@PurpsExchange) May 6, 2025 With cross-chain token swaps now live, Purps makes it easy for users from other chains to access its deep liquidity and low-cost, instant swaps. With bridging built into the dApp, new users can onboard faster and start trading or providing liquidity without friction. Beyond swapping, Purps also serves as a token launchpad. Projects can apply to be featured and potentially host their Initial DEX Offering on the Purps Launchpad. Through its incubation program, selected projects gain access to funding, community growth resources, and market traction support to accelerate their development and adoption. You might also like: Circle to enable USDC on Monad mainnet on day 1

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