Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3
Perpetual Protocol

Perpetual Protocol pricePERP

Quote currency:

Perpetual Protocol price calculator

More cryptocurrencies calculator >
1 PERP = 1.13 USD
Last updated 2024-04-23 15:21:56(UTC-0)

Perpetual Protocol price live data summary

The live price of Perpetual Protocol is $1.13 per (PERP / USD) today with a current market cap of $74.74M USD. The 24-hour trading volume is $7.55M USD. PERP to USD price is updated in real time. Perpetual Protocol is +1.75% in the last 24 hours. It has a circulating supply of 66,002,156 .

What is the highest price of PERP?

PERP has an all-time high (ATH) of $24.84, recorded on 2021-08-30.

What is the lowest price of PERP?

PERP has an all-time low (ATL) of $0.3145, recorded on 2022-11-09.

Perpetual Protocol price performance in USD


Perpetual Protocol price history in USD

All-time$0.3145(2022-11-09, 1 years ago )$24.84(2021-08-30, 2 years ago )

Perpetual Protocol market information

Market cap
Fully diluted market cap
Volume (24h)
Market rankings
Circulation rate
24h volume / market cap
Circulating supply
66,002,156 PERP
Total supply / Max supply
150,000,000 PERP

Perpetual Protocol ratings

Average ratings from the community
100 ratings
This content is for informational purposes only.

Perpetual Protocol Social Data

In the last 24 hours, the social media sentiment score for Perpetual Protocol was 3, and the social media sentiment towards Perpetual Protocol price trend was Bullish. The overall Perpetual Protocol social media score was 0, which ranks 812 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,626,636 times, with Perpetual Protocol being mentioned with a frequency ratio of 0%, ranking 703 among all cryptocurrencies.

In the last 24 hours, there were a total of 265 unique users discussing Perpetual Protocol, with a total of Perpetual Protocol mentions of 73. However, compared to the previous 24-hour period, the number of unique users decrease by 15%, and the total number of mentions has increase by 1%.

On Twitter, there were a total of 2 tweets mentioning Perpetual Protocol in the last 24 hours. Among them, 100% are bullish on Perpetual Protocol, 0% are bearish on Perpetual Protocol, and 0% are neutral on Perpetual Protocol.

On Reddit, there were 16 posts mentioning Perpetual Protocol in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 7% . Additionally, there were 0 comments mentioning Perpetual Protocol. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
Social score(24h)
Social contributors(24h)
Social mentions(24h)
Social dominance(24h)
Twitter sentiment(24h)
Reddit score(24h)
Reddit posts(24h)
Reddit comments(24h)

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.


Official Website:

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.

How to buy Perpetual Protocol (PERP)

Buying Perpetual Protocol on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Perpetual Protocol (PERP) .

Trade PERP perpetual futures

After having successfully signed up on Bitget and purchased USDT or PERP tokens, you can start trading derivatives, including PERP futures and margin trading to increase your income.

The current price of PERP is $1.13, with a 24h price change of +1.75%. Traders can profit by either going long or short onPERP futures.

Join PERP copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or PERP tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Perpetual Protocol.

What is the current price of Perpetual Protocol?

We update our Perpetual Protocol to USD price in real time. Get the live Price of Perpetual Protocol on Bitget.

What is the 24 hour trading volume of Perpetual Protocol?

Over the last 24 hours, the trading volume of Perpetual Protocol is $7.55M.

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?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
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.



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.






USDT-M Futures


Coin-M Futures

Copy trading

Total profit $1,245,870.25
Total profit $40,994.96
Perpetual ProtocolPerpetual ProtocolPerpetual ProtocolPerpetual Protocol

Related assets

People also view
People who viewed PERP also show interest in the following cryptocurrencies.
Trending assets
Assets with the biggest change in unique page views on over the past 24 hours
Popular cryptocurrencies
A selection of the top 12 cryptocurrencies by market cap.
Recently added
The most recently added cryptocurrencies.
Comparable market cap
Among all Bitget assets, these 12 are the closest to Perpetual Protocol in market cap.