DeFiVerified

Parchment

Parchment is a perpetual exchange on Sui. Official documentation says positions are collateralized in USDC on Sui. The official site describes it as synthetic perps on Sui. Those docs also say leverage is up to 1000x, and up to 500x on SUI.

Website

https://parchment.trade/

X

@tradeparchment

Docs

https://docs.parchment.trade

Backing

Not stated

On Sui

The official site at https://parchment.trade/ is titled "Parchment: synthetic perps on Sui." Its description says "Trade synthetic crypto and US-equity perpetuals on Sui with Parchment. Every position settles in USDC against an on-chain house pool." The page sets twitter:site and twitter:creator to @tradeparchment and preconnects to https://fullnode.mainnet.sui.io. Documentation at https://docs.parchment.trade says "Parchment lets you open leveraged long and short positions on crypto and US stocks. Positions are collateralized in USDC on Sui and settle against an oracle price. The house pool is your counterparty." The official account @tradeparchment (https://x.com/tradeparchment) is named Parchment, and its bio says the exchange is "Built on sui." On November 6, 2026, that account posted https://x.com/tradeparchment/status/2118779454239719608, which links to https://parchment.trade/ and says "Up to 1000x on crypto and US stocks. Lose a trade? You earn $PARCHMENT. Stake it for a share of protocol fees." SuiWire checked these pages on November 6, 2026.

First covered

Parchment Is a Perpetual Exchange on Sui · Nov 6, 2026The date of the SuiWire story that first covered this project.

Last verified

Nov 6, 2026When SuiWire last checked official identity and the evidence that the project operates on Sui. This is not the article date.

Last updated

Nov 6, 2026

Verified from SuiWire coverage. This index is not a complete census of Sui and not the DefiLlama TVL list.