Coinbase
How to Buy Perpetual Protocol
Good news! You can buy Perpetual Protocol on Coinbase's centralized exchange. We've included detailed instructions to make it easier for you to buy Perpetual Protocol.
Read more

Create a Coinbase account to buy and sell Perpetual Protocol on the most secure crypto exchange.
Perpetual Protocol is on the rise this week. ↗
The price of Perpetual Protocol has increased by 1.83% in the last hour and decreased by 4.63% in the past 24 hours. Perpetual Protocol’s price has also risen by 4.53% in the past week. The current price is $0.47 per PERP with a 24-hour trading volume of $7.79M. Currently, Perpetual Protocol is valued at 98.09% below its all time high of $24.84. This all-time high was the highest price paid for Perpetual Protocol since its launch.
The current circulating supply of Perpetual Protocol is 66,002,156.95 PERP which means that Perpetual Protocol has as total market cap of $31,287,209.00.
Market cap
$31.3M
Volume (24h)
$7.8M
Circulating
66.0M PERP
Hold time
12 days
Popularity
#710
All time high
$24.84
1 hour
↗ 1.83%
1 day
↘ 4.63%
1 week
↗ 4.53%
2 weeks
↘ 18.95%
1 month
↘ 31.95%
1 year
↘ 60.88%
Performance
↘ 60.35%
Vs. Market
↘ 77.81%
Vs. BTC
↘ 80.1%
Vs. ETH
↘ 59.85%
PERP is an Ethereum token that powers Perpetual Protocol, a decentralized exchange for perpetual contracts. Using perpetual contracts, users can open leveraged long or short trading positions for a variety of assets.
Perpetual Protocol (PERP) is a decentralized exchange (DEX) that operates on Ethereum and xDai. It enables users to interact with a variety of assets, including BTC, ETH, DOT, SNX, YFI, and others, with up to 10X leverage. The interaction process is non-custodial, meaning users maintain possession of their assets throughout the process. Perpetual Protocol employs a virtual automated market maker (vAMM) to aim for on-chain liquidity with predictable pricing. The platform aims to create a highly accessible decentralized derivatives platform.
Perpetual Protocol operates using a unique vAMM solution, which deviates from the traditional order book model of centralized exchanges. Instead, users interact with a virtual automated market maker, whose initial liquidity is set by the operator. This system aims to provide liquidity and low slippage. For example, if a user interacts with DAI to go long on ETH, the price of ETH would increase, creating an incentive to go short on vETH if the price is out of line with market prices. All interactions on Perpetual Protocol are settled in USDC, and the platform supports gas-free transactions over 500 USDC.
Perpetual Protocol aims to provide a platform for perpetual contracts interaction that is accessible to all users. It seeks to provide liquidity and low slippage, making it a potential option for users. The platform's vAMM model and its construction on xDai allow for on-chain interaction without fees and instant settlement. Additionally, Perpetual Protocol supports gas-free transactions over 500 USDC, enabling users to interact with 0 ETH in their wallets. The PERP token, which is a utility token, incentivizes and facilitates the decentralized governance of the protocol.
Perpetual Protocol was launched by Yenfen Weng and Shao-Kang Lee, two Taiwanese cryptocurrency entrepreneurs. The team is primarily based in Taiwan and has received backing from reputable investors such as Zee Prime Capital, Multiarrows Capital, CMS Holdings, Binance Labs, and Alameda Research. The company successfully raised $1.8M in 2020. The platform has achieved several milestones, including the initiation of staking pools and the implementation of limit and stop-orders. It aims to interact with other chains, introduce leveraged tokens, and initiate dynamic liquidity in its pools.
We update our Perpetual Protocol to USD currency in real-time. Get the live price of Perpetual Protocol on Coinbase.
The current market cap of Perpetual Protocol is $31.29M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Perpetual Protocol is $24.84. This all-time high is highest price paid for Perpetual Protocol since it was launched.
Over the last 24 hours, the trading volume of Perpetual Protocol is $7.79M.
Assets that have a similar market cap to Perpetual Protocol include FUNToken, Shiro Neko, Ethernity Chain, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Perpetual Protocol is 66 million.
The median time that Coinbase customers hold Perpetual Protocol before selling it or sending it to another account or address is 12 days.
Perpetual Protocol ranks 228 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 88% of Coinbase users are buying Perpetual Protocol. In other words, 88% of Coinbase customers have increased their net position in Perpetual Protocol over the past 24 hours through trading.
Yes, Perpetual Protocol is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Perpetual Protocol guide.
Date | Price | Change |
---|---|---|
Today (February 12, 2025) | $0.47 | -4.63% |
24 hours ago (February 11, 2025) | $0.50 | -4.63% |
1 week ago (February 5, 2025) | $0.45 | +4.53% |
1 month ago (January 12, 2025) | $0.69 | -31.95% |
1 year ago | $1.20 | -60.88% |
Earn free crypto after making your first purchase. Terms apply.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Conversion Table
61 unique individuals are talking about Perpetual Protocol and it is ranked #1,436 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Perpetual Protocol has an average sentiment score of 4.7 out of 5. Finally, Perpetual Protocol is becoming more newsworthy, with 0 news articles published about Perpetual Protocol. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Perpetual Protocol. There were 40.91% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Perpetual Protocol. 59.09% of tweets were neutral about Perpetual Protocol. These sentiments are based on 271 tweets.
On Reddit, Perpetual Protocol was mentioned in 0 Reddit posts and there were 0 comments about Perpetual Protocol. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
Powered by LunarCrush
Contributors
61 people
Posts
293 posts
Dominance
0.01%
Volume rank
#1,436
Average Sentiment
4.7 out of 5
Tweet Count
271 people
Sentiment
40.91%
Bullish
59.09%
Neutral
0%
Bearish
Learn how we collect your information by visiting our Privacy Policy.
A selection of cryptocurrencies in the top 50 by market cap.
Of all the assets on Coinbase, these 12 are the closest to Perpetual Protocol in market cap.
A selection of other relevant cryptocurrencies
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.