April 29, 2026
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5 min. read
Perp markets are temporarily winding down as we transition to RWA-focused products
We’re entering a new phase of product development.
As part of a controlled transition, perp markets on Monday Trade are temporarily winding down while we shift focus toward building RWA-focused trading products and experiences.
This next phase is designed to ensure a smooth experience for all traders, whilst opening up more opportunities and seamless access for users and traders to trade stocks, commodities, index-funds, and equities onchain, all in one platform.
Over the coming week, perp markets will be gradually phased out, with key milestones including the closure of new positions, the transition of points to RWA and Spot trading, and closing out all open position.
In this blog, we will outline everything you need to know, including timelines, what to expect, and what comes next.
This isn’t a goodbye, it’s the start of what comes next, and we’re excited to have you come along the journey with us.
Here’s what’s happening at a glance:
Check below for a full timeline of what to expect, key dates and how you can stay up to date with all the latest announcements:
Where can I stay updated?
Follow us on X to get all the latest announcements and updates as we transition.
Additionally, reach out to our Community Team on Discord for any questions or concerns, and we’d be more than happy to help.
Have any questions? We might just have the answer to it below:
Q: What happens to my open perp positions?
A: Open perp positions are open until the 8th of May, 2026. All open positions will be settled based on the prevailing or fair market rate at the time of settlement. The remaining balance for your settled position will then be credited back to your respective perp account.
Q: Can I withdraw my funds during and after the transition?
A: Yes, it’s still on the balance. On Monday Trade, you can go to your portfolio page and click “Withdraw” to withdraw your funds. This button will remain on the perp portfolio page after the sunset.
Q: What happens to my margin and PnL after positions are closed?
A: After your position is closed, your final PnL will be realized and your remaining balance will be returned to your account balance, available for withdrawal.
Q: What will happen to my points earning from Perp trading and LP?
A: It remains the same, no change.
Q: What happens if I don’t close my position before May 8?
A: Positions will force close and remaining margin will be returned to your portfolio. We strongly encourage you to close your positions manually ahead of time to manage execution and slippage.
Q: Is my capital safe during this transition?
A: Yes, everything is safe and secure. You will not need to do anything as of yet, but be sure to consistently check the Monday Trade socials and blog on any updates.
Q: What happens to my perp trading points?
A: Your existing points remain unchanged. Moving forward, your points can be earned through RWA and Spot trading during the perp sunset.
Q: Do I need to take any action for points migration?
A: No action is required. However, going forward, RWA and Spot trading will earn you points.
Q: Are perps coming back?
A: Yes, as of this moment, we are simply winding down perp markets, and are expected to return as we expand into RWA markets.
Q: Why are you focusing on RWAs?
A: Monday Trade has expanded from perps and spot into RWAs, enabling users to trade real-world assets onchain, diversify beyond crypto markets, and access new yield opportunities within a single platform.
Q: Who can I contact if I have questions?
A: For support or if you have additional questions, please reach out to us on Discord.
As this transition may come as a surprise, this new phase allows us to double down on what we believe is the next phase of onchain trading: real-world assets.
Our focus is on building a more robust RWA trading experience, with deeper market coverage, improved execution, and a better product design that reflects how onchain and traditional finance are beginning to converge.
This is just the beginning. As we continue to expand our RWA offering in the Monday Trade and Monad ecosystems, you can expect new markets, ongoing improvements, and a clearer path toward a more scalable trading experience.
We also highly encourage traders to take look at our 2026 roadmap for a closer look at what’s ahead and what’s already in the pipeline.
RWAs are open to everyone. Say goodbye to early access and waitlists.
Get started now: app.monday.trade
→ Connect your wallet, deposit USDC, place a market or limit order on an RWA stock or commodity. Learn more here.
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Subscribe to the Monday Trade newsletter, follow updates on @MondayTrade_ , and jump into the community on Discord to stay ahead of every new campaign.
Connect your wallet and get started now.
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