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Perpetual Protocol is on the rise this week. ↗
The price of Perpetual Protocol has decreased by 1.11% in the last hour and increased by 0.11% in the past 24 hours. Perpetual Protocol’s price has also risen by 13.15% in the past week. The current price is $0.31 per PERP with a 24-hour trading volume of $48.54M. Currently, Perpetual Protocol is valued at 98.74% below its all time high of $24.84. This all-time high was the highest price paid for Perpetual Protocol since its launch.
The current circulating supply of Perpetual Protocol is 66,002,156.95 PERP which means that Perpetual Protocol has as total market cap of $20,717,519.23.
Market cap
$20,717,519.23
Popularity
#798
Circulating
$66,002,156.95
Max Supply
Not enough data
Hold time
Not enough data
Volume (24h)
$48,543,021.18
↗ 70.5%
Volume (30D)
$1,374,688,528.25
Volume (7D)
$314,773,980.88
All time high
$24.84
Performance (1Y)
↘ 69.97%
Vs. Market (1Y)
↘ 76.43%
Vs. BTC (1Y)
↘ 79.52%
Vs. ETH (1Y)
↘ 45.68%
PERP is an Ethereum token that powers Perpetual Protocol, a decentralized exchange for perpetual contracts. Using perpetual contracts, users can open leveraged long or short trading positions for a variety of assets.
Perpetual Protocol launched on Coinbase on October 19, 2021 at 11:07 PM
Networks and tags
decentralized-exchange-dex-token
defi
derivatives
scaling
amm
Perpetual Protocol (PERP) is a decentralized exchange (DEX) that operates on Ethereum and xDai. It enables users to interact with a variety of assets, including BTC, ETH, DOT, SNX, YFI, and others, with up to 10X leverage. The interaction process is non-custodial, meaning users maintain possession of their assets throughout the process. Perpetual Protocol employs a virtual automated market maker (vAMM) to aim for on-chain liquidity with predictable pricing. The platform aims to create a highly accessible decentralized derivatives platform.
Perpetual Protocol operates using a unique vAMM solution, which deviates from the traditional order book model of centralized exchanges. Instead, users interact with a virtual automated market maker, whose initial liquidity is set by the operator. This system aims to provide liquidity and low slippage. For example, if a user interacts with DAI to go long on ETH, the price of ETH would increase, creating an incentive to go short on vETH if the price is out of line with market prices. All interactions on Perpetual Protocol are settled in USDC, and the platform supports gas-free transactions over 500 USDC.
Perpetual Protocol aims to provide a platform for perpetual contracts interaction that is accessible to all users. It seeks to provide liquidity and low slippage, making it a potential option for users. The platform's vAMM model and its construction on xDai allow for on-chain interaction without fees and instant settlement. Additionally, Perpetual Protocol supports gas-free transactions over 500 USDC, enabling users to interact with 0 ETH in their wallets. The PERP token, which is a utility token, incentivizes and facilitates the decentralized governance of the protocol.
Perpetual Protocol was launched by Yenfen Weng and Shao-Kang Lee, two Taiwanese cryptocurrency entrepreneurs. The team is primarily based in Taiwan and has received backing from reputable investors such as Zee Prime Capital, Multiarrows Capital, CMS Holdings, Binance Labs, and Alameda Research. The company successfully raised $1.8M in 2020. The platform has achieved several milestones, including the initiation of staking pools and the implementation of limit and stop-orders. It aims to interact with other chains, introduce leveraged tokens, and initiate dynamic liquidity in its pools.
We update our Perpetual Protocol to USD currency in real-time. Get the live price of Perpetual Protocol on Coinbase.
The current market cap of Perpetual Protocol is $20.72M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Perpetual Protocol is $24.84. This all-time high is highest price paid for Perpetual Protocol since it was launched.
Over the last 24 hours, the trading volume of Perpetual Protocol is $48.54M.
Assets that have a similar market cap to Perpetual Protocol include DIAM, Energy Web Token, Komodo, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Perpetual Protocol is 66 million.
Perpetual Protocol ranks 227 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 88% of Coinbase users are buying Perpetual Protocol. In other words, 88% of Coinbase customers have increased their net position in Perpetual Protocol over the past 24 hours through trading.
Yes, Perpetual Protocol is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Perpetual Protocol guide.
Date | Price | Change |
|---|---|---|
Today (April 28, 2025) | $0.31 | +1.68% |
24 hours ago (April 27, 2025) | $0.31 | +0.11% |
1 week ago (April 21, 2025) | $0.28 | +13.15% |
1 month ago (March 28, 2025) | $0.38 | -18.23% |
1 year ago | $1.05 | -70.22% |
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Conversion Table
59 unique individuals are talking about Perpetual Protocol and it is ranked #261 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Perpetual Protocol has an average sentiment score of 93 out of 5. Finally, Perpetual Protocol is becoming less newsworthy, with 0 news articles published about Perpetual Protocol.
On Twitter, people are mostly neutral about Perpetual Protocol. There were 43.25% of tweets with bullish sentiment compared to 0.39% of tweets with a bearish sentiment about Perpetual Protocol. 56.75% of tweets were neutral about Perpetual Protocol. These sentiments are based on 57 tweets.
On Reddit, Perpetual Protocol was mentioned in 22 Reddit posts and there were 15 comments about Perpetual Protocol. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
Powered by LunarCrush
Contributors
59 people
Posts
962 posts
Dominance
0.11%
Volume rank
#261
Average Sentiment
93 out of 5
Tweet Count
57 people
Sentiment
43.08%
Bullish
56.53%
Neutral
0.38%
Bearish
Posts
22
Comments
15
The Block • Nov 05, 24
Decentralized derivatives startup SynFutures introduces its ‘Perp Launchpad’ and $1 million grant initiative
Built on Ethereum Layer 2 Base, the Perp Launchpad will allow projects to create perpetual futures markets for any asset, including memecoins.
Read more
The Block • Aug 12, 24
Betting marketplace Polymarket and AI search engine Perplexity partner on info-sharing deal
The tie-up signals the growing role of prediction markets in how people consume and understand real-world events.
Read more
Synthetix Blog • Feb 07, 24
Pyth Retrospective Airdrop
Synthetix is a recipient of the Pyth Retrospective Airdrop. This, along with the initial airdrop to Synthetix Perps users, strengthens the partnership between Pyth and Synthetix.
Read more
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