This past month has been incredibly productive behind the scenes at Morphex. While the overall bear market across crypto continued and Multichain’s missing CEO caused concern for Multichain-backed Fantom assets, Morphex has doubled down on building, shipping innovative products, scaling users, and forming new partnerships. — Here’s a list of recent noteworthy developments including our soon-to-launch Morphies NFT reveal:

We’re excited to be able to announce that the first Morphex trading competition will be live this coming Wednesday (March 22nd)! First off, let’s do a quick recap of the Morphex platform’s progress in less than 2 weeks since launch: Over $40,000,000 in total trading volume reached Over 2,500 total users interacting with our protocol Over $100,000 open interest reached Over $85,000 in protocol revenue generated

Dear Morpheus Swap community, Over the past months, I (Morpheus) have been working hard preparing to launch Morphex, as some of you may know, we’ve gone through various protocol design iterations and have now settled on what has already been introduced in December — a decentralized perpetual trading platform for…

After many discussions, we’re finally ready to reveal our game-plan for Solidly and the veNFT! — Morpheus Swap will share voting power of the veNFT with Abracadabra (https://abracadabra.money/), held within a 3/4 multi-sig between both protocols. The veNFT will be used to incentivize MIM-USDC directly on Solidly. Revenue will be split evenly between the protocols, with compounding of the locker to increase percentage of fee revenue…

Merger update, new goals and developments for February. — Spirit Merger Update: We disagree with the actions taken by Spirit Swap since pausing the DAO merger proposal. We have numerous concerns regarding transparency and trust. We have attempted to resolve these concerns via communications with them, of which all attempts were unsuccessful. We respect the Spirit Swap community and still have appreciation…

Reflecting on our launch and adapting for the future. — To our community, Congratulations to everyone on a successful DEX and $PILLS launch! It has been 9 days since launch and we are averaging around $2.5mm volume and $3750 in DEX revenue daily! We believe in a model that allows for the lowest transaction fees with the highest yield for…

We are launching our DEX and $PILLS! At or around 10am UTC on November 10th we will launch the DEX and $PILLS. Once launched, you will be able to create and deposit liquidity-pairs into the DEX. Please note: liquidity will need to fill in for the DEX. …

We’re nearly there! As you may know, with the addition of $PILLS and our DEX soon, the current farms/pools will undergo changes. This includes de-listings, as well as mandatory re-staking for all LPs. We’ve given this task careful thought, with our main goal being to first incentivise core LPs to…

To our community: — At this time, we have resolved the accuracy issue discussed in our last update. However, we are delayed further. The UI/UX contractor we hired unfortunately misrepresented the work he had completed when updates were requested, and has since stopped responding. Morpheus is hard at work to complete the UI/UX. Our DEX was originally scheduled for a mid-November launch. We will be reverting back to that time frame, although we will launch as soon as we are ready. No additional update regarding launch will happen; the next update will be that we have launched the DEX. Our Discord moderators are happy to assist and answer your questions, however questions regarding “wen dex” will be referred to this article.