↑ Perpetual Protocol (PERP) and the Bursting Evolution of Perpetual DEXs.
Perpetual Protocol (PERP) has been shining in the limelight of cryptocurrency markets. PERP has been making a rapid ascent, leading the surge of...
Crypto perp futures are undergoing an impressive surge in popularity as reported by insiders such as the CFTC's Mersinger. Broader interest, driven by significant financial entities including Coinbase and Solana has led to an increase of open interest. Solana, for instance, managed to sustain a hot perpetual volume, reinforcing its price prediction of breaking the $180 mark. Even as Bitcoin's price rally breaks, analysis of the perpetual futures market indicates continued resilience.
The Perpetual DEX sector marked a great leap forward with a notable contribution from the Defi Perp Protocol Hyperliquid. Garnering an astounding daily volume of $21B, the protocol bolstered by listings such as Trump and Melania. Perpetual Protocol (PERP) itself has experienced a price increase, prompting speculation on the reason behind the surge. This surge followed after its integration with dappOS V2 for enhanced user convenience.
On the trading front, Coinbase appears to be dominant, announcing the launch of the Coinbase 50 Index to track the top 50 digital assets, including Bitcoin, Ethereum, Dogecoin, and Solana. Additionally, they announced the listing of perpetual futures for an array of tokens. Speculation suggests other coins may follow suit after PENGU, POPCAT, and HNT futures. This also includes Coinbase's intention to offer Solana and Avalanche futures contracts from November 14.
Finally, growth in the decentralized derivatives sector marked a noteworthy surge in Perpetual Future DEXs, suggesting 2025 as the year of mass adoption.
PERP Coin News Analytics from Thu, 24 Oct 2019 13:44:35 GMT to Tue, 27 May 2025 20:57:32 GMT - Rating 6 - Innovation 8 - Information 8 - Rumor 7