About Perpetual Protocol
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.
Buy Perpetual Protocol
Trading Insights
Buyer Ratio
Traders
212
542.42%
Buyers
173
652.17%
Sellers
81
710%
Searched
180
Market Stats
Market Cap
£14.25M
13%
FDV
£32.39M
Circ. Supply
66M PERP
Max Supply
150M PERP
Total Supply
150M PERP
Diluted Valuation
£32.39M
Performance
Popularity
#937
Dominance
0%
Volume (24H)
£29.22M
850.95%
Volume (7D)
£48.90M
Volume (30D)
£227.18M
All time high
£18.37
Price Change (1Y)
-54.12%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The price of Perpetual Protocol has decreased by 1.93% in the last hour and increased by 12.76% in the past 24 hours. Perpetual Protocol’s price has also risen by 5.47% in the past week. The current price is £0.22 per PERP with a 24-hour trading volume of £29.22M. Currently, Perpetual Protocol is valued at 98.83% below its all time high of £18.37. 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 £14,250,610.61.
Market details
PERP vs markets
↘ 75.31%
PERP vs BTC
↘ 74.81%
PERP vs ETH
↘ 73.52%
Tags
decentralized-exchange-dex-token
defi
derivatives
scaling
+2
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xbC396689893D065F41bc2C6EcbeE5e0085233447 | |
Solana | 9BsnSWDPfbusseZfnXyZ3un14CyPMZYvsKjWY3Y8Gbqn | |
Gnosis | 0x7ecF26cd9A36990b8ea477853663092333f59979 | |
Arbitrum | 0x753D224bCf9AAFaCD81558c32341416df61D3DAC |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.22 | ↗ 12.76% |
1 Day | £0.19 | ↗ 12.76% |
1 Week | £0.20 | ↗ 5.47% |
1 Month | £0.20 | ↗ 7.35% |
1 Year | £0.48 | ↘ 54.12% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
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. 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 GBP currency in real-time. Get the live price of Perpetual Protocol on Coinbase.
The current market cap of Perpetual Protocol is £14.25M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Perpetual Protocol is £18.37. 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 £29.22M.
Assets that have a similar market cap to Perpetual Protocol include Polkastarter, Shadow Token, crow with knife, 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 239 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.
Perpetual Protocol news
Trending articles
Social stats
Popularity in posts
#1951
Contributors
52
Posts
100
% About Perpetual Protocol
0.013%
Hold times
0 days
X (Twitter)
83.89% bullish
Sentiment
4.3 ★
Highlights
52 unique individuals are talking about Perpetual Protocol and it is ranked #1,951 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 86 out of 5. Finally, Perpetual Protocol is becoming less newsworthy, with 0 news articles published about Perpetual Protocol.
On Twitter, people are mostly bullish about Perpetual Protocol. There were 86.99% of tweets with bullish sentiment compared to 3.69% of tweets with a bearish sentiment about Perpetual Protocol. 13.01% of tweets were neutral about Perpetual Protocol. These sentiments are based on 89 tweets.
On Reddit, Perpetual Protocol was mentioned in 2 Reddit posts and there were 2 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.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.