Pingu Exchange is winding down and will close on July 31st, 2026. Read more

Trade everything, on-chain.

Trade global markets seamlessly with cutting-edge efficiency, no custody, and total control in your hands.

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Total Trading Volume

Total pairs

Unique users

Features

Pingu offers everything you need for a premium decentralized trading experience.

Crypto & RWA Trading

Trade crypto and real-world assets with pricing sourced from the most liquid markets.

Native Coin Margin & Settlement

Trade natively using USDC or MON for margin and settlement.

Zero Spread & Price Impact

Execute trades at spot price with zero spread and no price impact, regardless of size.

Trustless Environment

Fully on-chain with no registration or deposits. Connect your wallet and trade instantly. Contracts are audited for security by Shellboxes.

Advanced Order Types

Execute with precision using limit, stop, take-profit, reduce-only, OCO, and more.

Dynamic Funding Mechanism

Earn by helping balance open interest through an optimized funding system.

Adjustable Leverage

Customize leverage on every trade, up to 100x to match your strategy.

Earn with Vaults

Vaults act as backup when the Stability Fund is empty. They continuously earn distributions from the Stability Fund, which includes traders’ losses and 45% of protocol revenue.

Best Pool Performance

TVL

One token to leverage the Pingu ecosystem

Buy PINGU to own a stake in the protocol and capture value of all current and future products associated to it.

Buyback & Burn

35% of protocol revenue are used to buy back and burn $PINGU.

Built on Monad

Experience full EVM compatibility with breakthrough performance, true decentralization, and exceptional throughput on the fastest blockchain.

Trade crypto, forex, indexes, and commodities.

We aim to provide the most diverse selection of available assets among all Perp DEXs.

Partners

We work with leading actors to enhance your DeFi journey.

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