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Perpetual Protocol is on the rise this week. ↗
The price of Perpetual Protocol has increased by 3.39% in the last hour and increased by 1.34% in the past 24 hours. Perpetual Protocol’s price has also risen by 5.20% in the past week. The current price is £0.17 per PERP with a 24-hour trading volume of £5.36M. Currently, Perpetual Protocol is valued at 99.07% below its all time high of £18.09. 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 £11,092,221.95.
Market cap
£11,092,221.95
Popularity
#903
Circulating
£66,002,156.95
Max Supply
Not enough data
Hold time
Not enough data
Past performance is not a reliable indicator of future results. Learn more about asset risks.
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.
Volume (24h)
£5,361,284.58
↗ 52.6%
Volume (30D)
£104,246,754.06
Volume (7D)
£29,306,374.46
Past performance is not a reliable indicator of future results. Learn more about asset risks.
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.
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
binance-listing
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 £11.09M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Perpetual Protocol is £18.09. 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 £5.36M.
Assets that have a similar market cap to Perpetual Protocol include Myro, QuickSwap, Swarms, 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 228 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 (June 26, 2025) | £0.17 | +1.34% |
24 hours ago (June 25, 2025) | £0.17 | +1.34% |
1 week ago (June 19, 2025) | £0.16 | +5.20% |
1 month ago (May 26, 2025) | £0.20 | -15.53% |
1 year ago | £0.20 | -69.39% |
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Conversion Table
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
SAFE - PEN
Safe - Peruvian Sol
COMP - SLL
Compound - Sierra Leonean Leone
SEAM - CZK
Seamless - Czech Koruna
RARI - WST
Rarible - Samoan Tala
INV - XAF
Inverse Finance - Central African Cfa Franc
ACX - USD
Across Protocol - United States Dollar
AXS - AFN
Axie Infinity - Afghan Afghani
MATIC - KZT
Polygon - Kazakhstani Tenge
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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.
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.
