Perpetual Protocol price

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USD
Last updated on --.

About Perpetual Protocol

PERP (Perpetual Protocol) is a decentralized exchange (DEX) designed for trading perpetual contracts—a type of derivative that lets users speculate on crypto prices without expiry dates. Built on Ethereum and layer-2 solutions, PERP offers low fees and fast transactions, making it accessible for traders of all levels. The PERP token powers governance, fee discounts, and liquidity incentives within the ecosystem. Unlike traditional exchanges, Perpetual Protocol eliminates intermediaries, giving users full control over their trades. With its focus on scalability and user experience, PERP is a key player in the growing decentralized finance (DeFi) landscape, offering a trustless way to trade crypto derivatives.
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DeFi
Layer 2
Official website
Block explorer
CertiK
Last audit: Nov 28, 2022, (UTC+8)

Perpetual Protocol’s recent prices

Past year
-100.00%
$0.76
3 months
-100.00%
$0.29
30 days
-100.00%
$0.22
7 days
-100.00%
$0.12

Perpetual Protocol performance

$0.00

Perpetual Protocol price today

Perpetual Protocol price today is $0.00, marking a +1.98% over the past 24 hours. On OKX, today’s Perpetual Protocol trading volume reached --, worth over $1.56M.

$25.24

Perpetual Protocol all-time high

Perpetual Protocol achieved its all-time high price of $25.24 on Aug 30, 2021, (UTC+8). At today's price of $0.00, Perpetual Protocol price is now -100.00% lower than its historic high.

$0.00

Perpetual Protocol in USD

The current Perpetual Protocol to USD conversion rate is $0.00 per Perpetual Protocol.

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Learn more about Perpetual Protocol (PERP)

What's Perpetual Protocol?

Perpetual Protocol is a decentralized platform designed to facilitate perpetual contracts, which are a type of futures contract without an expiration date. It aims to provide users with a way to trade these contracts on various assets in a decentralized manner, offering leverage and liquidity. The protocol addresses the need for a decentralized alternative to traditional futures trading, allowing users to engage in leveraged trading without relying on centralized exchanges.

How does Perpetual Protocol work?

Perpetual Protocol operates on the Ethereum blockchain, utilizing smart contracts to automate and secure transactions. It employs an Automated Market Maker (AMM) model to provide liquidity and uses a virtual Automated Market Maker (vAMM) to determine pricing. The protocol leverages Layer 2 scaling solutions to enhance transaction speed and reduce costs. It relies on a decentralized governance model, allowing token holders to participate in decision-making processes.

What's the total supply of Perpetual Protocol?

Perpetual Protocol has a total supply of 150 million tokens. The circulating supply can vary based on market conditions and token distribution events. The protocol incorporates tokenomics mechanisms such as token burning to manage supply and demand dynamics. These mechanisms are designed to maintain the token's value and incentivize participation in the network.

What determines Perpetual Protocol's price?

The price of Perpetual Protocol is influenced by its utility in facilitating decentralized perpetual contracts, the demand for leveraged trading, and overall network usage. Market sentiment, including investor confidence and interest in decentralized finance (DeFi), also plays a role. Additionally, regulatory developments and competition from other DeFi platforms can impact its price. The token's value is subject to typical market forces without any guaranteed outcomes.

Pros and cons of Perpetual Protocol

Pros: - Decentralized trading platform - Supports perpetual contracts with leverage - Utilizes Layer 2 solutions for efficiency Cons: - Subject to market volatility - Regulatory uncertainties - Competition from other DeFi platforms

How do I store my Perpetual Protocol?

Users can acquire Perpetual Protocol tokens through exchanges like OKX, where they can trade or hold the tokens. Storage options include hardware wallets for enhanced security or software wallets for convenience. Users should safeguard their private keys and be cautious of phishing attempts. The protocol's availability may vary by jurisdiction, so users should verify local regulations before engaging with the platform.

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Perpetual Protocol FAQ

Perpetual Protocol can offer strong returns, but is also subject to market volatility. Whether it’s a good investment depends on your risk tolerance, goals, and market conditions. Perpetual Protocol’s price can be influenced by various factors such as adoption, regulation, technological advancement, and overall market sentiment. Always do your own research before buying Perpetual Protocol and never buy more than you can afford to lose. This content is for informational purposes only and isn’t financial advice.
To buy Perpetual Protocol at a low price, monitor the market closely and use tools like price alerts and technical indicators to keep you updated on price trends. Always do your own research and use secure platforms. This content is for informational purposes only and isn’t financial advice.
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Perpetual Protocol PERP safely on a trusted exchange like OKX.
Currently, one Perpetual Protocol is worth $0.00. For answers and insight into Perpetual Protocol's price action, you're in the right place. Explore the latest Perpetual Protocol charts and trade responsibly with OKX.
To read this Perpetual Protocol price chart, hover over or click on the time period you want to view. Hover over the chart to view the corresponding price, displayed in your local currency.
Yes, Perpetual Protocol’s price is updated in real-time on our Perpetual Protocol price page. You can view the current price and historical price data here at all times.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Perpetual Protocol PERP. Refer here for a more detailed guide.
Staking and earning rewards with Perpetual Protocol are subject to local restrictions. Log in or sign up to view products available in your country, region, or state of residence.

Perpetual Protocol ensures the stability and efficiency of its perpetual contracts through an innovative automated market maker (AMM) system. This system utilizes virtual balances and funding rates to keep the price of perpetual contracts in line with the underlying assets. By dynamically adjusting funding rates based on supply and demand, Perpetual Protocol reduces price discrepancies, ensuring fair and accurate pricing for perpetual contracts and providing users with a stable and efficient trading experience.

Yes, you can provide liquidity to Perpetual Protocol and receive rewards. Adding liquidity to the protocol's liquidity pools enhances the market's depth and liquidity. As a liquidity provider, you will earn a share of the trading fees generated by users of Perpetual Protocol. This incentive encourages users to participate in the liquidity provision, supporting the protocol's efficient operation and rewarding contributors.

Easily buy PERP tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include PERP/USDT. You can also buy PERP with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Additionally, swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for PERP with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into PERP, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

OKX provides a highly secure and multi-chain OKX Web3 Wallet with all OKX accounts. It can safely store PERP or any other cryptocurrency for as long as needed. In addition, the OKX Web3 Wallet features bank-grade security and inbuilt access to hundreds of decentralized applications (DApps) and the OKX NFT Marketplace.

Market cap
$2.13M
Circulating supply
72.61M / 150M
All-time high
$25.24
24h volume
$1.56M
Rating
2.9 / 5
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