QNT/USD went live on LeverUp this week, and the CHOG Trading Competition entered its final stretch while LeverUp's Clash of Perps competition continued.

Weekly reported volume reached $64.64M, up 25.1% week over week. Total staked LVMON rose 5.3% to more than 19.37M. Community posts this week covered staking updates, using MON as margin, and the competition leaderboards.

What shipped this week

New market live: QNT/USD

QNT/USD is now available on LeverUp. It joins the perpetual market lineup alongside recent additions such as AAVE/USD, PUMP/USD, and ONDO/USD.

As with any new market, check the current leverage limits, fees, and position parameters in the app before opening a position.

→ Trade QNT/USD on LeverUp

Trading campaigns

CHOG Trading Competition: the final stretch

The CHOG Trading Competition is nearing its close. A total of 2,500,000 CHOG is split across two leaderboards:

  • PnL leaderboard: 750,000 CHOG for the top 10 traders
  • Volume leaderboard: 1,750,000 CHOG for the top 10 traders

Only positions opened with CHOG collateral count toward competition PnL and volume. The competition ends on Oct 1, 2026, at 08:00 UTC.

→ Check the CHOG competition standings

LeverUp × Clash of Perps continues

The LeverUp competition inside Clash of Perps is still running. Players trade, build their base, raid other players, and climb a shared leaderboard.

The reward pool starts at a guaranteed 500 USDC and can grow to 5,000 USDC as eligible trading volume reaches campaign milestones. To take part, select LeverUp on Clash of Perps and trade with 1–100x leverage. Eligible trades also earn LVP through LeverUp's points system. The competition ends on Oct 14, 2026, at 22:00 UTC.

→ Open Clash of Perps and select LeverUp

Protocol metrics (Sep 21–27)

WoW figures compare Sep 21–27 with Sep 14–20.

Trading activity

  • Reported Volume (7D): $64.64M (+25.1% WoW)
  • TVL: $2.91M (+7.4% WoW)

Revenue and fees

  • Trading Fees (7D): $9,688
  • Protocol Revenue (7D): $3,146

Vault

  • Protocol Vault Value (MON): 73.81M (+0.8% WoW)
  • Protocol Vault Value (LVUSD): $903,923.76 (-0.7% WoW)

LVMON staking

  • Total Staked: 19,370,431 LVMON (+5.3% WoW)
  • Current APY: 36%

APY is variable and reflects the reporting snapshot.

$LV buyback

  • 25,908.62 LVMON deployed for buybacks (+19.8% WoW)
  • 10,263.65 $LV burned (+19.0% WoW)

From the community

Blev closes in on 1.5M LVMON staked

Community member Blev shared another staking update, with a screenshot showing 1,404,603.43 LVMON staked and a 42% APY at the time of posting. That APY was a point-in-time display. The APY recorded for this week's report was 36%.

→ See Blev's post on X

Your MON, your margin

LeverUp shared a stat from its March–September snapshot: 67.4% of active traders used MON as margin, or roughly two in three.

MON's price can change the value of your collateral independently of your position's PnL. Check LeverUp's margin and liquidation rules to understand how that affects a position.

→ Learn how AnyCollateral works

Same perps, more ways to play

Yorick's illustrated post breaks Clash of Perps into four steps: trade, build, raid, and climb. It is a quick introduction to how the game layer fits around regular trading.

→ See Yorick's post on X

Taking another look at onchain staking

Community member seven shared their view on keeping MON onchain and listed LeverUp among the staking options to explore. BANDAL joined the conversation, noting that LeverUp had been running smoothly and that they wished they had explored onchain staking sooner.

Onchain staking has its own risks, including smart contract risk and variable yield, so compare the terms of each option before moving funds.

→ Read about LVMON staking

CHOG leaderboard check-in

Yorick and realOne shared final-stretch reminders for CHOG holders. In Yorick's screenshot, 10th place on the PnL board showed +$2.37 PnL, with about 19K CHOG in estimated rewards. Rankings and estimated rewards may change before the competition ends, so check the live standings.

→ View the CHOG leaderboard

This month's recaps

Related reading

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