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Perpetual Protocol price

Perpetual Protocol pricePERP

Listed
Buy
$0.3224USD
+16.09%1D
The Perpetual Protocol (PERP) price in United States Dollar is $0.3224 USD as of 23:12 (UTC) today.
Perpetual Protocol price USD live chart (PERP/USD)
Last updated as of 2025-09-21 23:12:31(UTC+0)

Perpetual Protocol market Info

Price performance (24h)
24h
24h low $0.2724h high $0.32
All-time high:
$24.84
Price change (24h):
+16.09%
Price change (7D):
+15.55%
Price change (1Y):
-52.42%
Market ranking:
#930
Market cap:
$21,280,808.74
Fully diluted market cap:
$21,280,808.74
Volume (24h):
$60,880,796.5
Circulating supply:
66.00M PERP
Max supply:
--
Total supply:
150.00M PERP
Circulation rate:
44%
Contracts:
0xbc39...5233447(Ethereum)
Moremore
Links:
Buy/sell Perpetual Protocol now

Live Perpetual Protocol price today in USD

The live Perpetual Protocol price today is $0.3224 USD, with a current market cap of $21.28M. The Perpetual Protocol price is up by 16.09% in the last 24 hours, and the 24-hour trading volume is $60.88M. 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 $0.3224 USD. You can buy 1PERP for $0.3224 now, you can buy 31.01 PERP for $10 now. In the last 24 hours, the highest PERP to USD price is $0.3241 USD, and the lowest PERP to USD price is $0.2693 USD.

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

Total votes:
Rise
0
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0
Voting data updates every 24 hours. It reflects community predictions on Perpetual Protocol's price trend and should not be considered investment advice.
The following information is included:Perpetual Protocol price prediction, Perpetual Protocol project introduction, development history, and more. Keep reading to gain a deeper understanding of Perpetual Protocol.

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 Strong buy.
According to the PERP 1d technical analysis, the trading signal is Strong buy.
According to the PERP 1w technical analysis, the trading signal is Buy.

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.

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PERP/USD price calculator

PERP
USD
1 PERP = 0.3224 USD. The current price of converting 1 Perpetual Protocol (PERP) to USD is 0.3224. Rate is for reference only. Updated just now.
Bitget offers the lowest transaction fees among all major trading platforms. The higher your VIP level, the more favorable the rates.

PERP resources

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

What can you do with cryptos like Perpetual Protocol (PERP)?

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How do I buy Perpetual Protocol?

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How do I sell Perpetual Protocol?

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What is Perpetual Protocol and how does Perpetual Protocol work?

Perpetual Protocol is a popular cryptocurrency. As a peer-to-peer decentralized currency, anyone can store, send, and receive Perpetual Protocol without the need for centralized authority like banks, financial institutions, or other intermediaries.
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Global Perpetual Protocol prices

How much is Perpetual Protocol worth right now in other currencies? Last updated: 2025-09-21 23:12:31(UTC+0)

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FAQ

What is the current price of Perpetual Protocol?

The live price of Perpetual Protocol is $0.32 per (PERP/USD) with a current market cap of $21,280,808.74 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 $60.88M.

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.

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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.