Decibel Trade: Launches Silver Perpetuals
Decibel Trade adds silver perpetuals to gold on Aptos blockchain, enabling onchain commodities trading with 10x leverage at $0.94 APT price.
SourceSilver now trades alongside gold on Decibel Trade, the Aptos-powered platform pushing commodities fully onchain for perpetuals trading. Avery Ching, co-founder of Aptos, announced the launch, highlighting high volatility, deep liquidity, and up to 10x leverage for XAG contracts available immediately via app.decibel.trade.
This move builds on the rising momentum in onchain commodities trading over the past year, where platforms like Decibel have integrated precious metals into crypto ecosystems, drawing parallels to Bitcoin (BTC) volatility plays and even emerging trends in TAO-linked decentralized finance.
From a technical confluence standpoint, APT holds firm in its bullish structure on the 4-hour chart, grinding at $0.94 just above the converged EMA50 and EMA200 supports at $0.93, signaling robust long-term backing. Momentum stays neutral with RSI(14) at 52.62, while the MACD(12,26) golden cross at 0.0 underscores building upside conviction. Price action hugs the middle of the Bollinger Bands, testing upper resistance at $0.96 with lower support at $0.91—expect a quick probe higher if volatility spikes, but watch for exhaustion pulls back to that EMA cluster before resuming the grind, aligning perfectly with Aptos blockchain perpetuals trading flows and broader crypto market trends like APT price prediction scenarios amid onchain commodities trading surges.
avery.apt
@AveryChingCo-founder & CEO @ Aptos building a layer 1 for everyone - http://aptoslabs.com. Ex-Meta/Novi crypto platforms tech lead. Ex-Diem blockchain tech lead.