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Perpetual Protocol price

Perpetual Protocol pricePERP

Listed
Buy
$0.2582USD
-2.32%1D
The Perpetual Protocol (PERP) price in United States Dollar is $0.2582 USD as of 10:09 (UTC) today.
Price chart
Perpetual Protocol price USD live chart (PERP/USD)
Last updated as of 2025-08-06 10:09:32(UTC+0)

Live Perpetual Protocol price today in USD

The live Perpetual Protocol price today is $0.2582 USD, with a current market cap of $17.04M. The Perpetual Protocol price is down by 2.32% in the last 24 hours, and the 24-hour trading volume is $5.44M. The PERP/USD (Perpetual Protocol to USD) conversion rate is updated in real time.
How much is 1 Perpetual Protocol worth in United States Dollar?
As of now, the Perpetual Protocol (PERP) price in United States Dollar is valued at $0.2582 USD. You can buy 1PERP for $0.2582 now, you can buy 38.73 PERP for $10 now. In the last 24 hours, the highest PERP to USD price is $0.2696 USD, and the lowest PERP to USD price is $0.2499 USD.

Do you think the price of Perpetual Protocol will rise or fall today?

Total votes:
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Voting data updates every 24 hours. It reflects community predictions on Perpetual Protocol's price trend and should not be considered investment advice.

Perpetual Protocol market Info

Price performance (24h)
24h
24h low $0.2524h high $0.27
All-time high:
$24.84
Price change (24h):
-2.32%
Price change (7D):
-6.35%
Price change (1Y):
-44.80%
Market ranking:
#919
Market cap:
$17,043,707.81
Fully diluted market cap:
$17,043,707.81
Volume (24h):
$5,442,969.68
Circulating supply:
66.00M PERP
Max supply:
--

About Perpetual Protocol (PERP)

What Is Perpetual Protocol?

Perpetual Protocol is a decentralized exchange (DEX) launched in 2018 by Yenwen Feng and Shao-Kang Lee. It initially had the name "Strike" before rebranding to Perpetual Protocol. This platform distinguishes itself by enabling users to engage in leverage trading, short positions, and low slippage. Its foundation on the Ethereum blockchain and utilization of smart contracts for automated market makers (AMMs) positions it as a significant player in the DeFi space.

The protocol operates uniquely by employing a virtual Automated Market Maker (vAMM) system. Unlike traditional AMMs where assets are pooled, the vAMM facilitates price discovery without requiring actual asset storage, thus creating a virtual environment for trading. This innovation not only enhances the efficiency of the trading process but also aligns with the decentralized ethos of blockchain technology. Perpetual Protocol's commitment to decentralization is further evidenced by its transition towards a decentralized autonomous organization (DAO), empowering PERP token holders in governance decisions.

Resources

Official Website: https://perp.com/

How Does Perpetual Protocol Work?

Perpetual Protocol's operation hinges on two primary components: the virtual Automated Market Maker (vAMM) and an insurance fund. The vAMM, a novel variant in the AMM landscape, is designed for price discovery rather than spot exchange. It leverages mathematical functions to determine token prices, thereby eliminating the need for a traditional liquidity pool. This system is pivotal in maintaining the protocol's decentralized and efficient trading mechanism.

The protocol's structure includes a clearinghouse and a collateralization vault. The clearinghouse plays a crucial role in managing deposits from traders, recording margin amounts, and determining leverage. These deposits are then transferred to the collateralization vault, which safeguards trading positions and communicates with the vAMM for price updates. This dual-structured approach ensures a robust and secure trading environment.

Insurance funds are another critical aspect of Perpetual Protocol. They act as a safety net, protecting traders against unforeseen events or liquidations. Funded by a portion of transaction fees, these insurance funds grow with the network's usage. In scenarios where the insurance funds deplete, a smart contract mechanism kicks in to mint new PERP tokens, which are then sold for collateral, safeguarding the system's solvency.

What Is PERP Token?

PERP is the native token of Perpetual Protocol and plays a central role in its ecosystem. It has a total supply of 150,000,000 tokens. PERP is integral to the platform's governance, with plans for PERP holders to eventually assume full governance responsibilities. The token also offers staking opportunities, where stakers are rewarded with a share of the trading fees and newly minted tokens. This mechanism not only incentivizes participation but also aligns stakeholder interests with the network's growth and stability.

What Determines Perpetual Protocol’s Price?

The price of Perpetual Protocol (PERP), like many assets in the dynamic cryptocurrency market, is influenced by a confluence of factors, pivotal among them being market demand and supply dynamics. As a decentralized finance (DeFi) platform offering trading solutions, Perpetual Protocol attracts investors and traders looking for advanced leverage and trading options in the blockchain space. The level of adoption and usage of the platform directly impacts the demand for PERP tokens. When more traders utilize the platform for its leverage trading capabilities, the demand for PERP increases, potentially driving up its price. Additionally, the unique feature of no impermanent loss and up to 20x leverage on capital in a decentralized setting makes it an attractive option for DeFi enthusiasts, further influencing its market demand.

Another critical factor in determining PERP's price is the broader cryptocurrency market sentiment and trends. As with many digital assets, PERP's price is often correlated with the overall health of the crypto market, particularly the performance of major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Bullish trends in these leading cryptocurrencies can create a positive ripple effect, boosting investor confidence in altcoins like PERP. Moreover, the platform's technical developments, governance decisions by PERP token holders, and updates to its decentralized exchange (DEX) infrastructure can significantly impact investor perception and, consequently, the token's price. In the rapidly evolving blockchain ecosystem, regulatory news and global economic factors also play a role, as they can affect investor sentiment and the attractiveness of crypto assets as investment vehicles.

For those interested in investing or trading Perpetual Protocol, one might wonder: Where to buy PERP? You can purchase PERP on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

AI analysis report on Perpetual Protocol

Today's crypto market highlightsView report

Perpetual Protocol Price history (USD)

The price of Perpetual Protocol is -44.80% over the last year. The highest price of PERP in USD in the last year was $1.31 and the lowest price of PERP in USD in the last year was $0.1647.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h-2.32%$0.2499$0.2696
7d-6.35%$0.2432$0.2910
30d+6.02%$0.2404$0.3300
90d-17.20%$0.1893$0.3693
1y-44.80%$0.1647$1.31
All-time-86.54%$0.1647(2025-04-14, 114 days ago )$24.84(2021-08-30, 3 years ago )
Perpetual Protocol price historical data (all time)

What is the highest price of Perpetual Protocol?

The PERP all-time high (ATH) in USD was $24.84, recorded on 2021-08-30. Compared to the Perpetual Protocol ATH, the current Perpetual Protocol price is down by 98.96%.

What is the lowest price of Perpetual Protocol?

The PERP all-time low (ATL) in USD was $0.1647, recorded on 2025-04-14. Compared to the Perpetual Protocol ATL, the current Perpetual Protocol price is up 56.76%.

Perpetual Protocol price prediction

When is a good time to buy PERP? Should I buy or sell PERP now?

When deciding whether to buy or sell PERP, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget PERP technical analysis can provide you with a reference for trading.
According to the PERP 4h technical analysis, the trading signal is Sell.
According to the PERP 1d technical analysis, the trading signal is Sell.
According to the PERP 1w technical analysis, the trading signal is Sell.

What will the price of PERP be in 2026?

Based on PERP's historical price performance prediction model, the price of PERP is projected to reach $0.3680 in 2026.

What will the price of PERP be in 2031?

In 2031, the PERP price is expected to change by +1.00%. By the end of 2031, the PERP price is projected to reach $0.7814, with a cumulative ROI of +199.51%.

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How to buy Perpetual Protocol(PERP)

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FAQ

What is the current price of Perpetual Protocol?

The live price of Perpetual Protocol is $0.26 per (PERP/USD) with a current market cap of $17,043,707.81 USD. Perpetual Protocol's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Perpetual Protocol's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Perpetual Protocol?

Over the last 24 hours, the trading volume of Perpetual Protocol is $5.44M.

What is the all-time high of Perpetual Protocol?

The all-time high of Perpetual Protocol is $24.84. This all-time high is highest price for Perpetual Protocol since it was launched.

Can I buy Perpetual Protocol on Bitget?

Yes, Perpetual Protocol is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy perpetual-protocol guide.

Can I get a steady income from investing in Perpetual Protocol?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Perpetual Protocol with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Where can I buy Perpetual Protocol (PERP)?

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1. Log in to your Bitget account.
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Cryptocurrency investments, including buying Perpetual Protocol online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Perpetual Protocol, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Perpetual Protocol purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

PERP/USD price calculator

PERP
USD
1 PERP = 0.2582 USD. The current price of converting 1 Perpetual Protocol (PERP) to USD is 0.2582. Rate is for reference only. Updated just now.
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PERP resources

Perpetual Protocol ratings
4.4
100 ratings
Contracts:
0xbc39...5233447(Ethereum)
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Links:

Bitget Insights

spark🎒
spark🎒
1h
接着上午的尾巴说 @Aptos 我尽量写少点,大家自行研究吧 首先就是 @shelbyserves ,存储类项目,看到很多人说这个对比sui的海象,我还没研究,但貌似刚开始出的时候不少人聊。 然后是近期的 @DecibelTrade ,一个perp dex,仔细想想,aptos上还真没出色的perp dex,而且Aptos团队的人很看好。 从去年到现在,TVL的确增长了不少,可以对这个链保持一定的关注!
PERP+0.38%
SUI-0.01%
加密小叮当
加密小叮当
2h
📊 狂欢后的冷静:比特币正在重新定价 比特币这波拉升踩了刹车:现货、期货、期权到 ETF 都明显降温。 流动性越来越薄,风险偏好也在回落。虽然有卖压衰竭的迹象, 但市场结构依旧脆弱,下行风险还没解除。 现货市场 1️⃣ RSI 从 47.4 降到 35.8,进入超卖区。 2️⃣ Spot CVD 从 -1.07 亿美元跌到 -2.2 亿美元,卖盘明显加重。 3️⃣ 成交量也缩到 75 亿美元,资金参与度在退潮。 期货市场 1️⃣ 未平仓合约从 456 亿美元降到 449 亿美元,多头加杠杆的热情减弱。 2️⃣ 多头资金费率大跌 33%,说明主动做多的资金开始收缩。 3️⃣ Perp CVD 也跌到 -18 亿美元,分布式平仓压力很大。 期权市场 1️⃣ OI 减少 8.4%,投机情绪在收缩。 2️⃣ 25 Delta Skew 升到 5.51%,市场明显在买下行保护,避险情绪上来了。 ETF 市场 1️⃣ 净流入减少 24.9%,机构需求降温。 2️⃣ 成交量虽升 9.9%,但更像是被动交易,不是增量买盘。 链上数据 活跃地址增加 3.6%,但转账量和手续费都在下滑,网络活跃度有点冷却。 资金流入还算稳,但整体盈利比例下降到 93.6%,市场心态明显更谨慎。 我的看法👇 现在的市场更像是从激情过热转向冷静观察。 超卖和卖压衰竭意味着短期内可能有技术性反弹,但大的行情要重启,还得看新的增量资金和情绪回暖。 策略建议: 短期:别追高,观望或低吸。 中期:看机构流入是否回升,特别是 ETF。 风险:如果外部再出利空,脆弱的结构容易被击穿。 你觉得这波调整会止跌反弹,还是还有一段回踩? #BTC #比特币 #加密市场
BTC-0.04%
PERP+0.38%
RightSide
RightSide
2h
RT @MeshClans: this is big. pendle just launched @boros_fi a new way to trade perp funding rates directly. you don’t need to hold the perp…
PERP+0.38%
PENDLE-0.02%
0xAllen
0xAllen
3h
本周懈怠了!分数没有过百。 成都最近天气热,线下活动也多,没有狠狠的干 当然,还有一个能找的借口是本周人数肝到了5038,单周暴增 22%,要知道这周和上周都是12万分,但是人数增加了1000多!越往后竞争越大。 今天上午群里都在说 Sidekick 我要麻了。其实我想说我喊着大家要搞 Sidekick 的时候就10多个主播,但是出结果了大家才开始 FOMO。 现在的 edgeX 一样的配方,一样的局面。零撸、POW赛带机会越来越少了,Perp 相对确定性要更高一些。新积分机制下的第二周结束,还不算晚。 VIP1注册入口:
PERP+0.38%
Kyle
Kyle
4h
Q: Will Hyperliquid lose dominance to Coinbase and Robinhood A1) The pie is large. You have Charles Schwab, IBKR, Webull, Tiger Trade, etc. There is no singular winner (aside from maybe, Diamond Miners) A2) Study perp dexes in 2021. The same question came up - dYdX losing
PERP+0.38%
DYDX+0.50%

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PERP is available for trading on the Bitget Exchange, and can be held in custody on Bitget wallet. Bitget Exchange is also one of the first CEX platforms to support PERP trades.
You can trade PERP on Bitget.

PERP/USDT

Spot

PERP/USDT

Margin