The CHOG PnL & Volume Competition closed this week with $99.08M in total trading volume, while LeverUp's Clash of Perps competition kept running. $LV also reached a new all-time high.
Weekly reported volume came in at $65.64M, up 1.5% week over week. Total staked LVMON rose 5.9% to more than 20.5M, and $LV buybacks continued. Community posts this week covered how to join Clash of Perps and a trader-funded referral offer.
Trading campaigns
CHOG Competition wraps up at $99.08M traded
The CHOG PnL & Volume Competition has ended, recording $99,075,544 in total trading volume.
LeverUp says CHOG rewards will be distributed soon; check the competition page for updates. Congratulations to the winners, and thank you to everyone who competed.
LeverUp × Clash of Perps: still time to join
The LeverUp competition inside Clash of Perps runs through Oct 14, 2026, at 22:00 UTC. Players trade, build their base, and raid other players to climb a shared leaderboard.
The prize 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 V2 on Clash of Perps and trade with 1–100x leverage. Raids and PnL count toward the leaderboard, not only volume.
→ Open Clash of Perps and select LeverUp V2
Protocol highlights
$LV reaches a new all-time high
$LV set a new all-time high this week. You can check the token on MonadVision. Token prices move in both directions, so treat the all-time high as a data point, not a forecast.
$LV Genesis Airdrop remains active
Eligible trading on LeverUp earns points toward your $LV Genesis Airdrop allocation. The airdrop page shows your current points and explains how to take part.
→ Read the Genesis Airdrop guide
Protocol metrics (Sep 28–Oct 4)
WoW figures compare Sep 28–Oct 4 with Sep 21–27.
Trading activity
- Reported Volume (7D): $65.64M (+1.5% WoW)
- TVL: $3.16M (+8.6% WoW)
Revenue and fees
- Trading Fees (7D): $12,720 (+31.3% WoW)
- Protocol Revenue (7D): $4,052 (+28.8% WoW)
Vault
- Protocol Vault Value (MON): 69.56M (-5.8% WoW)
- Protocol Vault Value (LVUSD): $909,007.07 (+0.6% WoW)
LVMON staking
- Total Staked: 20,512,486 LVMON (+5.9% WoW)
- Current APY: 34%
APY is variable and reflects the reporting snapshot.
$LV buyback
- 30,758.04 LVMON deployed for buybacks (+18.7% WoW)
- 12,212.77 $LV burned (+19.0% WoW)
From the community
Getting started with Clash of Perps
Yorick posted a step-by-step guide for anyone who has not joined the tournament yet. It covers connecting a wallet, selecting LeverUp V2, and entering the competition. The competition runs until Oct 14, so there is still time to take part.
Traders bringing traders
Community member Cashich created their own team on LeverUp and offered 10 USDC each to the first 10 traders who individually reach $30K in volume through their referral link. Balu highlighted the offer as an example of long-time community members helping new traders get started.
This is a community-funded initiative, not an official LeverUp reward campaign. Check the original post for availability and terms.
Recent recaps
- LeverUp Weekly Recap — Sep 7–13 — The Layer3 Trading Milestones Campaign concluded and the Zealy Trading Sprint continued.
- LeverUp Weekly Recap — Sep 14–20 — bStocks bridging went live, Guess One completed its $GONE raise, and CHOG joined AnyCollateral.
- LeverUp Weekly Recap — Sep 21–27 — QNT/USD went live and the CHOG and Clash of Perps competitions continued.
Related reading
- $CHOG Is Now Live as AnyCollateral on LeverUp — How CHOG collateral, settlement, and the competition rules fit together.
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Trade on LeverUp: app.leverup.xyz
