Perpetual Protocol
(PERP)$ 0.66
2.24 % (24H)Perpetual Protocol Data
Price Range (24H)
Lowest
$ 0.64
Highest
$ 0.67
ATH
$ 25.27
Price Change (24h)
2.24 %
Price Change (7d)
0 %
Market Cap
$ 99,150,000
24h Volume
$ 194,421
Circulating Supply
113,437,000
Max Supply
-1
Perpetual Protocol Overview
Perpetual Protocol, a pioneering decentralized finance (DeFi) platform, empowers users to trade derivative contracts without traditional intermediaries. Designed by Taiwanese innovators Yenwen Feng and Shao-Kang, it employs a virtual automated market maker (vAMM) and a collateralization vault, facilitating trades of perpetual contracts, which distinctively lack an expiry date. The ecosystem's native token, $PERP, serves pivotal roles: staking (securing the platform and earning rewards), governance (directing the platform's trajectory), and insurance (enhancing risk management). However, transaction fees on the platform are processed in USDC, not $PERP.