The edge that pays for itself.
Perpetual Protocol (PERP) Price
Perpetual Protocol Price
DeFi Analytics
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| Binance | PERP/USDT | 0.25 | 88,139.62 | 85,065.27 | 4.07 M | 0.03 | cex | 542.00 | 7/9/2025, 6:23 AM |
| MEXC | PERP/USDT | 0.25 | 51,541.22 | 64,598.09 | 1.29 M | 0.05 | cex | 487.00 | 7/9/2025, 6:18 AM |
| XXKK | PERP/USDT | 0.25 | 48,921.93 | 46,687.52 | 1.27 M | 0.09 | cex | 84.00 | 7/9/2025, 6:21 AM |
| HTX | PERP/USDT | 0.25 | 5,528.28 | 4,353.43 | 1.20 M | 0.06 | cex | 361.00 | 7/9/2025, 6:23 AM |
| CoinW | PERP/USDT | 0.25 | 6,789.01 | 4,364.90 | 1.11 M | 0.05 | cex | 295.00 | 7/9/2025, 6:21 AM |
| LBank | PERP/USDT | 0.25 | 33,790.96 | 25,903.28 | 940,025.46 | 0.05 | cex | 400.00 | 7/9/2025, 6:21 AM |
| Gate | PERP/USDT | 0.25 | 26,791.83 | 23,722.65 | 922,380.89 | 0.04 | cex | 440.00 | 7/9/2025, 6:23 AM |
| OKX | PERP/USDT | 0.25 | 38,493.22 | 23,939.85 | 900,067.57 | 0.06 | cex | 457.00 | 7/9/2025, 6:23 AM |
| BITmarkets | PERP/USD | 0.25 | 15,547.19 | 19,430.97 | 815,636.11 | 0.15 | cex | 22.00 | 7/9/2025, 6:21 AM |
| B2Z Exchange | PERP/USD | 0.25 | 40,724.61 | 12,511.96 | 815,636.11 | 0.15 | cex | 1.00 | 7/9/2025, 6:21 AM |
Perpetual Protocol FAQ
Perpetual Protocol is a decentralized exchange (DEX) specializing in futures on Ethereum and xDai. It allows traders to take long or short positions with up to 10X leverage on a range of assets, including BTC, ETH, DOT, SNX, YFI, and others. Trading on Perpetual Protocol is non-custodial, ensuring that traders maintain ownership of their assets, and all transactions occur on-chain. The platform employs a virtual automated market maker (vAMM) to provide on-chain liquidity, utilizing predictable pricing established by constant product curves. The vAMMs are specifically designed to be market-neutral and fully collateralized. Perpetual Protocol aims to establish itself as the premier, most accessible, and secure decentralized derivatives trading platform globally. By integrating with other DeFi projects and encouraging development on its own platform, Perpetual Protocol embodies the “DeFi money lego” philosophy. Having achieved several key milestones in its development roadmap, such as launching staking pools and implementing limit and stop-orders, Perpetual Protocol is set to expand to additional blockchain networks, introduce leveraged tokens, and activate dynamic liquidity in its pools.
Perpetual Protocol was founded by Yenfen Weng and Shao-Kang Lee, Taiwanese entrepreneurs with a background in establishing payroll and accounting firms for cryptocurrency startups. The majority of the team operates out of Taiwan. Perpetual Protocol has garnered support from numerous esteemed investors, including Zee Prime Capital, Multiarrows Capital, CMS Holdings, Binance Labs, and Alameda Research, which is a strategic partner of FTX. Leveraging this support, the company successfully completed a seed funding round led by Multicoin Capital, securing $1.8 million in 2020.
Perpetual Protocol aims to establish a trading platform for perpetual contracts that is accessible to all users. To achieve this, it is essential for users to trade with robust liquidity and minimal slippage. Perpetual Protocol addresses this challenge through its virtual Automated Market Maker (vAMM) solution. Unlike the conventional order book model used by centralized exchanges, Perpetual Protocol allows traders to operate against a vAMM, with its initial liquidity being predetermined by the operator. For example, if the operator configures the vAMM’s liquidity at 100 vETH to 40,000 vDAI, an individual depositing DAI to take a long position on ETH would drive up the ETH price, incentivizing short positions on vETH if the price diverges from market rates. Traders opting to short vETH would also deposit DAI as collateral, thereby restoring the vETH price to its equilibrium. Liquidity swaps are unnecessary, as the vAMM keeps track of all trades and automatically achieves equilibrium over time. In practice, all transactions on Perpetual Protocol are settled in USDC. By utilizing the vAMM model and constructing the exchange on xDai, Perpetual Protocol offers traders the advantage of on-chain trading with no fees and immediate settlement. Additionally, the protocol facilitates gas-free deposits exceeding 500 USDC, enabling traders to deposit funds even with an empty ETH wallet. For more detailed information on Perpetual Protocol, you can refer to Eulerpool.
The total supply of PERP is 150 million, with the current circulating supply amounting to 68.7 million. The token distribution is as follows: - 7.5% allocated to the Balancer Liquidity Bootstrapping Pool (LBP). - 4.2% reserved for seed investors, with 20% unlocked at mainnet launch and an additional 20% unlocked every three months thereafter. - 15% designated for strategic investors, with 20% unlocked at mainnet launch and an additional 20% unlocked every three months. - 21% allocated to the team and advisors, distributed at a rate of 2.1% per three-month period beginning six months post mainnet launch. - 54.8% dedicated to ecosystem and rewards, with the distribution of ecosystem rewards determined by the Perpetual Protocol community. PERP is a utility token that serves to incentivize and facilitate the decentralized governance of the protocol. The token feedback loop operates as follows: 1. Staking rewards and trading fee rewards increase. 2. The value of the PERP token rises. 3. Awareness of the PERP token heightens. 4. Awareness of the protocol grows. 5. Trading volume escalates. 6. Trading fees increase. 7. The cycle repeats.
Perpetual Protocol has undergone audits by Consensys and Peckshield. The protocol operates under community governance and offers a bounty program for developers who identify bugs within the smart contracts. The network operates on xDai, while the PERP token is an ERC-20 token on the Ethereum blockchain. ERC-20 is a token standard that most new tokens adhere to when launched on the Ethereum blockchain. Ethereum is among the most popular blockchains for DAOs and is secured via a proof-of-work consensus mechanism that requires miners to generate new Ether. A collection of decentralized nodes validates transactions and ensures the security of the Ethereum blockchain. Perpetual Protocol employs Chainlink as an oracle for funding rate calculations but does not possess an on-chain oracle as a price engine. This prevents the use of flash loans to manipulate the prices of underlying assets and exploit Perpetual within the same transaction.
PERP is available on UniSwapV2, Binance, Kraken, and Gate.io.
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