Kana Labs Launches First Fully On-Chain Perpetuals DEX on Aptos Mainnet With Gasless, CLOB-Based Trading Functionality, Promising Fast and Frictionless Trading

Based on a June 11 X post, Kana Labs’ perpetual trading platform, Kana Perps, went live on the Aptos mainnet. This development marks the first fully on‐chain CLOB‐based Aptos Perpetuals DEX built on the network. Users can trade with smart contracts, handling all settlements without centralized control or intermediaries. The interface keeps navigation simple while delivering advanced financial features on‐chain. This platform extends Kana Labs’ efforts to broaden on‐chain derivatives offerings for users. The mainnet release follows extensive internal testing across different network conditions and user scenarios.

Supported Assets and Core Order Features in Kana Perps

Kana Perpetuals Dex currently supports trading of APT, BTC, and ETH assets, with further tokens planned. Market orders execute immediately at prevailing prices for instant trade completion. Limit orders let users specify price levels and are filled only under matching conditions. Take profit and stop loss features help manage risk on Perpetual contracts positions. Order sizes cannot be changed after submission, but traders may cancel and resubmit. This design maintains trade integrity while providing flexible risk control for traders. Planned upgrades will bring additional tokens and more user-friendly order features soon.

On-Chain Matching Engine and Order Book Infrastructure

The order book and matching engine for the first Aptos Perpetuals DEX use the Econia on‐chain infrastructure. This system aggregates liquidity from exchanges, market makers, and individual participants. Aptos’ Block‐STM engine enables Kana Labs’ Perpetual contracts to settle orders efficiently. Single transactions process and settle trades to reduce delays and minimize slippage. This high throughput capability supports fair price discovery and consistent execution speeds. The approach highlights the strengths of fully on‐chain trading solutions. Econia’s distributed design leverages Aptos modules to coordinate order books across multiple shards efficiently.

Margin Requirements and Fee Structure Explained

Kana Labs’ Perps exchange adopts an isolated margin model requiring an initial margin to open each position. A lower maintenance margin must be maintained to prevent automatic liquidation. Traders who breach this threshold face forced position closure by the system. Maintenance margin currently stands at 2.5% of each position’s notional value. Clear margin calculations based on leverage help traders understand their exposure. This framework reduces risk from sudden price swings for market participants. Leverage options vary, enabling traders to adjust risk based on their individual strategies and capital.

The fee structure on Kana Perps distinguishes between maker from taker order costs. Taker orders remove liquidity and incur a 0.05% platform fee. Maker orders add liquidity and avoid platform fees, paying only gas expenses. Users can access a VIP program with reduced taker fees at higher trading volumes. Fee tiers range from 0.03% down to 0.0005% depending on volume and token holding. This model encourages consistent usage and supports token holders with benefits. Gas fees remain separate charges, ensuring clear cost breakdowns for every transaction processed on‐chain.

Integration with OKX Wallet and the Future of On-Chain Trading Access

Kana Labs also made headlines recently because of its integration with OKX Wallet through a DEX API connection. This integration simplifies access to token Swaps on the decentralized platform. Users benefit from OKX Wallet’s security combined with rapid execution from the order engine. The partnership reflects a broader trend toward seamless on‐chain trading integrations. Such collaborations may influence how DeFi users engage with decentralized financial tools. As the ecosystem evolves, integrated solutions could shape future trading experiences. These collaborations underscore growing interoperability between wallets and decentralized trading protocols.

Kana Labs also posted a second X post and added that Kana Perps has no wallet gas fees. Stating that it delivers 0% maker fees, one-click trading, up to 50% margin refund on liquidation, and an intuitive UX. Additionally, there is full on-chain transparency with non-custodial access for users.