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PERP

PERP Perpetual ProtocolData as of 2026-01-06

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$ 0.9995
⚠ Market data for this coin is no longer being updated(Last updated on 2026-01-06)—The price above is a historical snapshot; change figures are hidden, and the candlestick chart retains historical data

PERPMarket

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PERPNews

All Newsflash Article
  • What is PERP Coin? Perpetual Protocol Token Analysis and Market Outlook

    PERP is the native token of Perpetual Protocol, a decentralized perpetual contract trading platform operating on L2 networks such as Ethereum and Optimism, offering up to 20x leverage trading through its vAMM mechanism. The PERP token is primarily used for protocol governance and staking, with stakers sharing in trading fees. Despite facing delistings from major exchanges, the project is actively exploring new development paths, including private market creation and institutional ETPs. Its market performance is influenced by competition in the overall DeFi derivatives sector and macroeconomic factors, with future growth potential dependent on technological upgrades and market adoption.

  • Analysis of PERP Token Total Supply and Circulating Supply: An Overview of Perpetual Protocol’s Core Assets

    PERP is the native utility token of the decentralized derivatives exchange Perpetual Protocol. It complies with the ERC-20 standard and is deployed on the Ethereum blockchain. It plays a key role in protocol governance, staking rewards, and insurance fund support.As of July 31, 2026, the total supply of PERP is set at 150 million tokens, with a current circulating supply of approximately 72.6 million tokens, representing about 48.4% of the total supply. Token allocation covers multiple categories, including the ecosystem, the team, and strategic investors, and follows a four-year unlock schedule.This article will provide a detailed overview of PERP’s supply mechanism, use cases, and market profile.

About PERP

Perpetual Protocol (PERP) is a decentralized exchange (DEX) platform that facilitates the trading of perpetual contracts for a wide range of assets. Built on the Ethereum blockchain, it aims to provide a robust and permissionless environment for users to engage in leveraged trading without the need for traditional intermediaries. The protocol leverages a Virtual Automated Market Maker (vAMM) model, which differs from traditional AMMs by not holding actual assets in its liquidity pools. Instead, vAMMs use mathematical curves to determine pricing and facilitate trades, allowing for high capital efficiency and deep liquidity for perpetual contracts.

The core mechanism of Perpetual Protocol revolves around its vAMM architecture. This innovative design enables traders to open long or short positions with leverage, similar to traditional futures markets, but in a decentralized manner. The vAMM adjusts prices based on trading activity, ensuring that the protocol remains solvent and that traders receive fair prices. Liquidity providers contribute collateral to the vAMM, earning trading fees and PERP tokens as rewards, while traders pay fees that contribute to the protocol's revenue and insurance fund.

The PERP token serves as the native utility and governance token of the Perpetual Protocol ecosystem. Holders of PERP can participate in the protocol's decentralized governance, voting on key proposals and future developments. Additionally, PERP tokens can be staked to earn rewards, providing an incentive for long-term participation and network security. The token also plays a role in the protocol's insurance fund, which helps to cover potential losses in extreme market conditions, thereby enhancing the overall stability and reliability of the platform.

Perpetual Protocol stands out in the decentralized finance (DeFi) landscape by offering a sophisticated perpetual futures trading experience on-chain. Its focus on capital efficiency through the vAMM model, combined with a robust governance and staking mechanism, positions it as a significant player in the decentralized derivatives market. The platform continues to evolve, aiming to expand its supported assets and enhance its trading features to attract a broader user base within the crypto derivatives space.

PERP Data

Market Cap$65.97M
24H Turnover--
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All-Time High$24.84-96.0%
All-Time Low$0.0727
Circ. Supply66.00M
Total Supply--
Circulation Ratio--