Trade perpetual futures on crypto and stock prices, or bet on prediction markets, all settled in USDe.

Official links: Website (meridian.xyz) · App (app.meridian.xyz) · @meridiandotxyz (x.com) · Docs (docs.meridian.xyz) · Discord (discord.com) · DefiLlama (defillama.com)

What Meridian does

• Trade crypto perps and 'mPerps' on real-world assets on an order book
• mPerps stay open when stock markets are closed, with the mark frozen
• Place single or combined predictions filled by market makers via RFQ
• Deposit into the MLP liquidity vault (async withdrawals)

Perps charge maker/taker fees per product plus funding and position fees; predictions charge no trading fee (winners take the pool).

Meridian, formerly Ethereal, runs an order-book perpetuals venue for crypto and real-world assets, whose mPerps stay open with the mark frozen while stock markets are shut, alongside a prediction market filled by market makers via RFQ, all settled in USDe. Its liquidity vault's share token, MLP, is built on Accountable's async-redeem design: deposits settle immediately, while withdrawals are requested and then fulfilled, so the strategy is never forced to unwind to serve an exit.

• On Robinhood Chain since: 2026-07-01
• Founded: 2024
• Team: Formerly Ethereal, the Ethena-ecosystem perp DEX; its 2024 proposal came from a largely anonymous team. No team named in Meridian's docs.
• Token: unknown
• Audits: Guardian, ChainSecurity

Meridian news

• 2026-07-01 — Meridian live on Robinhood Chain as a day-one launch partner (predictions first)
• 2024-09-30 — Ethereal (now Meridian) proposed as a perps DEX on Ethena

Meridian contracts on Robinhood Chain

• Meridian Liquidity Provider 0x24b84023c8e4da635be228c380c09bfe5271bf9d

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