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Perpetual Protocol PERP

Perpetual Protocol Price (PERP)
$0.2360
7.06% Buy PERP Now

0.0000571 ETH

0.00000206 BTC

Buy PERP Now
Low: $0.2187
High: $0.2397
24h
Market Cap
$15,574,923
7.06%
Fully Diluted Market Cap
$35,396,395
7.06%
Volume
24h
$4,470,313
21.83%
Volume / Market Cap
0.2870
Circulating Supply
66,002,157 PERP
Max Supply
--
Total Supply
150,000,000

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Live PERP Price Analysis

The current real time Perpetual Protocol price is $0.2360, and its trading volume is $4,470,313 in the last 24 hours. PERP price has grew by 7.06% in the last day, and decreased by 21.52% in the last 7 days. It's important to note that current Perpetual Protocol market capitalization is $15,574,923, Talking about circulating supply, PERP has 66,002,157 coins. Currently, Perpetual Protocol rank on the market is #533.

Perpetual Protocol price today is 99.05% below all time high, and it is 99.42% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling PERP are Kraken, BYDFi & Crypto.com. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What is Perpetual Protocol?

The Perpetual Protocol token or PERP is a utility token native to the Perpetual Protocol. The latter is a decentralized perpetual futures exchange. It’s built on xDai and Ethereum’s Layer 2 Optimistic Rollup network - Optimism.

PERP is based on the ERC-20 token standard. It has 2 core use cases:

  • Staking. Users can stake their PERP tokens and earn crypto rewards. Moreover, 50% of trading fees are distributed among stakers;
  • Governance. The Perpetual Protocol token serves as a governance token. This means that PERP holders can vote on proposals submitted to Perpetual DAO or put forward their own. The more PERP tokens one has, the more power one holds.

An updated tokenomics model will be implemented in the Q2 of 2022. This new model will introduce vePERP tokens.

There is a total supply of 150,000,000 Perpetual Protocol tokens which makes it deflationary. This makes it possible for the PERP price to increase with time. The tokens have been distributed as follows:

  • 54.8% - Ecosystem and Rewards;
  • 21% - Team and Advisors;
  • 15% - Strategic Investors;
  • 5% - Balancer LBP;
  • 4.2% - Seed Investors.

For more information, you can have a look at the PERP price history or the current Perpetual Protocol price on the graph above.

What are the Main Features of Perpetual Protocol?

Perpetual Protocol is a perpetual futures trading platform that’s completely decentralized. As a refresher, perpetual futures are a type of futures that don’t have an expiration date.

Users can use Perpetual Protocol to participate in non-custodial trading and go long or short with a leverage of up to 10x.

The project highlights the importance of accessibility and security when it comes to perpetual trading protocols. That’s why their primary goal is to provide the most accessible decentralized futures trading platform with the highest level of security.

Chainlink is the oracle of choice used by Perpetual Protocol. Its main responsibility is to feed Perpetual Protocol with real-time information on the average market price of coins or tokens. This information is also known as the index price.

Moreover, the Perpetual Protocol platform was developed on Uniswap v3  smart contracts for processing trades. It uses a virtual Automated Market Maker (vAMM) for performing trades. The latter ensures on-chain liquidity in addition to being fully collateralized. 

Most importantly, users trade against the vAMM instead via an order book. All perpetual futures have a vAMM of their own. Plus they’re also protected by the Perpetual Protocol’s insurance fund.

Unlike many EVM-based platforms, Perpetual Protocol doesn’t come with high fees. This is possible due to several reasons. Firstly, it utilizes Optimism that takes multiple transactions and turns them into one. Secondly, Perpetual Protocol has integrated an xDai Layer 2 scaling solution.

The governance model used by Perpetual Protocol is based on community voting via the Perpetual DAO which is divided into sub-DAOs such as Grants DAO and Token Listing DAO.

As discussed in the What is Perpetual Protocol section, PERP also serves as a governance token. The number of tokens held directly relates to the voting power. To put it simply, 1 PERP token equals 1 vote.

Perpetual Protocol recognizes that this type of governance model is not ideal, therefore, in the future, it will introduce a new model powered by vePERP tokens that enable users to increase their voting power without increasing the number of tokens they have.

In essence, they will be able to increase their voting power by locking in their PERP tokens for up to 52 weeks. When PERP tokens are locked in, the users receive vePERP tokens in their place.

In addition, Perpetual Protocol offers a grants program for all eligible projects that are built on the Perpetual Protocol or provide liquidity solutions to improve it.

An Ethereum-compatible wallet and USDC are the only requirements to begin trading on the Perpetual Protocol platform.

The Perpetual Protocol crypto project has gone through audits performed by Consensys and Peckshield.

Who Developed Perpetual Protocol?

The Perpetual Protocol crypto project was launched in 2019. It’s a Taiwan-based company co-founded by entrepreneurs Yenfen Weng and Shao-Kang Lee.

Initially, the project was launched under the name Strike but was rebranded to Perpetual Protocol in the summer of 2020.

Yenfen Weng went to the National Chiao Tung University where he earned his bachelor’s
degree in electrical and control engineering and a master’s degree in computer science. Besides Perpetual Protocol, he has been part of the founding team for a variety of projects including gamelet.com and Cubie Inc.

Shao-Kang Lee is a crypto entrepreneur with experience in software engineering. He holds a bachelor’s degree in information management from Yuan-Ze University and a master’s degree in software engineering from National Central University.

Prior to Perpetual Protocol, the duo co-founded other companies including Zaoo Inc. and Cinch Network.

The project has received support from major venture capital firms like Binance Labs, Zee Prime Capital, CMS Holdings, and Multiarrows Capital. This allowed the project to garner 1,800,000 US Dollars in the seed round.

Before jumping into the project, make sure to do your research. Start on the graph above which will provide you with the current Perpetual Protocol price and other details.

What's Perpetual Protocol trading volume in the last 24 hours?

PERP has a trading volume of $4,470,313 in the last 24 hours.

What's Perpetual Protocol highest price ever?

PERP has a highest price of $24.84, which was reached on Aug 30, 2021 (4 years 1 month ago).

What's Perpetual Protocol lowest price ever?

PERP has a lowest price of $0.1183, which was reached on Dec 11, 2022 (2 years 10 months ago).

What are the best exchanges for buying and selling PERP?

Currently, the most active and dominating exchanges for buying and selling Perpetual Protocol are Kraken, BYDFi & Crypto.com. The most popular Perpetual Protocol trading pairs are PERP/USDT (on Huobi Global ), PERP/USDT (on Binance ), PERP/USDT (on WEEX ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping PERP?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Perpetual Protocol. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Perpetual Protocol Markets' Analysis

The in-depth analysis of Perpetual Protocol Markets shows that the top exchanges are Kraken. It's clear that the most popular trading pairs currently are USDC/USD, USDC/USDT, USDC/EUR, SOL/USD, USDT/EUR. Looking at the combined Volume of these Top 5 PERP pairs, it's evident that they have an overall market dominance of 12,210%, which makes up a worth of $545,835,181. Currently, the Number 1 Perpetual Protocol trading pair is USDCUSD, with the current price of $1.00 & a volume of $162,989,193 with a dominance 3,646% rate.

Perpetual Protocol (PERP) Volume By Exchange And Quote Currency

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Perpetual Protocol (PERP) Markets
# Exchange Base Currency Quote Currency Name Price Volume Volume %
1 Huobi Global Centralized Exchange Perpetual Protocol PERP Tether USDT PERP/USDT $0.2358 $1,531,843 6,497,240 PERP 34.27%
2 Binance Centralized Exchange Perpetual Protocol PERP Tether USDT PERP/USDT $0.2362 $755,938 3,200,836 PERP 16.91%
3 WEEX Centralized Exchange Perpetual Protocol PERP Tether USDT PERP/USDT $0.2354 $500,841 2,127,779 PERP 11.20%
4 MEXC Centralized Exchange Perpetual Protocol PERP Tether USDT PERP/USDT $0.2341 $240,733 1,028,380 PERP 5.39%
5 Gate Centralized Exchange Perpetual Protocol PERP Tether USDT PERP/USDT $0.2353 $237,828 1,010,885 PERP 5.32%

Perpetual Protocol (PERP) Markets

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# Exchange Base Currency Quote Currency Name Price Volume Volume %


Perpetual Protocol Price History Analysis

Price History for Perpetual Protocol (PERP)
Date Open High Low Close Volume Market Cap
Oct 09, 2025 $0.2878 $0.2962 $0.2838 $0.2935 $4,561,498 $19,368,887
Oct 08, 2025 $0.3012 $0.3073 $0.2877 $0.2879 $7,005,810 $18,998,872
Oct 07, 2025 $0.2947 $0.3025 $0.2940 $0.3011 $5,174,401 $19,874,611
Oct 06, 2025 $0.2934 $0.3009 $0.2926 $0.2950 $4,280,789 $19,467,598
Oct 05, 2025 $0.3003 $0.3014 $0.2921 $0.2935 $4,207,782 $19,368,819
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Date Open High Low Close Volume Market Cap

On this day

October 13

Perpetual Protocol PERP
Today
$0.2360
| 64.44%
2024 (1 year ago)
$0.5888
| 10.86%
2023 (2 years ago)
$0.5311
| 0.6%
2022 (3 years ago)
$0.5343
| 96.53%
2021 (4 years ago)
$15.40
| 1326.23%
2020 (5 years ago)
$1.08

Perpetual Protocol Popularity Metric Analysis

By analyzing Perpetual Protocol social media signals, you can instantly see how active, community-involved and popular the company is. Looking at Perpetual Protocol X statistics, it's clear that the brand has 87,945 followers, which is considered to be a quite small follower base. On the other hand, Perpetual Protocol is following 327 X accounts. It's important to note that Perpetual Protocol has posted 3,752 tweets since it joined X on Feb 24, 2020, which shows the brand's level of involvement and proactiveness.

Perpetual Protocol currently has 519 monthly organic visitors to its website, which is quite a low amount of traffic. The company's Ahrefs Rank is 225,306, and the Website Domain Rating is 61 - both of these metrics are deemed as good.

Perpetual Protocol has joined Reddit on Mar 02, 2021. Since then, the brand has generated 334 subscribers, which is a small fan base. Perpetual Protocol GitHub activity began on Jan 02, 2020, until now it has 39 public repositories.

Perpetual Protocol Price
$0.2360
Price Change 24h
$0.0167
7.06%
24h Low / 24h High
$0.2187 /
$0.2397
All Time High
Aug 30, 2021 (4 years 1 month ago)
$24.84
99.05%
All Time Low
Dec 11, 2022 (2 years 10 months ago)
$0.1183
99.42%
Trading Volume 24h
$4,470,313
21.83%
Volume / Market Cap
0.2870
Market Dominance
0.00%
Market Rank
#533
Market Cap
$15,574,923
7.06%
Fully Diluted Market Cap
$35,396,395
7.06%

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