↑ Perpetual Protocol (PERP): The Rising Star In Coinbases' Dominating Crypto Surge
Coinbase has been in the news recently for expanding its trading offerings, introducing several indices, and launching new perpetual futures...
The Coinbase 50 Index is launched to serve as a global benchmark for cryptocurrencies. The Perpetual Protocol (PERP) has drawn widespread attention, with detailed information available about investing in it. There is a surge in daily increases of over 1000% signaling a significant growth in Perp DEX liquidity. The launch of SynFutures' Perp Launchpad implies a potential reshaping of the DeFi derivatives markets.
There is a proliferation in the trading of derivatives on POL and DOGS by Coinbase International. The trading of perps on Solana, Sui, led by Pyth, anticipates the trading volume to 10x reaching $600B. BSX claims the title of the first CLOB Perp Exchange to commence on Base Layer-2 Blockchain.
Perpetual futures have sparked interest due to Coinbase's listing of several tokens' Perpetual Futures such as NEIRO, DOGS, POL, Hamster Kombat (HMSTR) and others. The listings prompt speculation of major rallies for the respective token prices. dYdX Unlimited is speculated to transform the DEX and perpetual trading scene.
VELAR’s Bitcoin DEX provides yield and liquidity offerings for BTC holders. Several tokens like VIDT, Book of Meme, Notcoinexperience price surges following their Perp listing on Binance and Coinbase. Meanwhile, Pepe Coin's Perp Futures launch on Coinbase gets delayed, leading to a decline in PEPE price.
Solana (SOL) receives significant focus from Coinbase. Evident growth in Decentralized Derivatives and jumps in trading also surrounds the DeFi tokens which include LDO, PERP, and MASK. BitPerp proposes to revolutionize runes trading by introducing an advanced perpetual DEX.
PERP Coin News Analytics from Thu, 01 Aug 2019 07:00:00 GMT to Tue, 12 Nov 2024 08:00:00 GMT - Rating 3 - Innovation 6 - Information 7 - Rumor 2