↑ Surge in Popularity of PERP Coin in Digital Asset Market Suggests a Promising Future
Perpetual Protocol (PERP) is resonating throughout the digital assets community. Having a role to play in the record $60M USDC Net Outflows...
The digital asset exchange, Coinbase, has taken another stride forward by launching the Coinbase 50 Index which serves as a global crypto benchmark tracking the top 50 digital assets, including renowned cryptocurrencies like Bitcoin, Ethereum, Dogecoin, Solana and others. Observing specific coins, Perpetual Protocol (PERP), has been gaining copious attention and stirring queries about the sudden price hike. PERP-oriented HyperLiquid equably experienced a substantial $60M in USDC Net Outflows. Trading platform Bluefin has incorporated PERP trading on its menu.
In an intriguing shift in popular skein, Ether volume has overshadowed Bitcoin on HyperLiquid, with the platform's activity hitting an imposing $500B. Also noteworthy, is the explosion of BOME Meme Coin by 10% following Coinbase's support announcement. Simultaneously, Shiba Inu volume has rocketed by 51% with the introduction of SHIB Futures by Coinbase for institutions.
Solana exhibits a 3% price increase as Perp DEXes are experiencing record growth. Coinbase also disclosed the imminent launch of futures trading of derivatives on POL and DOGS as well as the addition of MEW, MEME on futures during the memecoin price tumble.
A foray into the future of Cryptocurrency looks promising with the advent of Perpetual Futures. Crucial developments like Decentralized Derivatives and Perpetual Future DEXs are hinting at an exciting phase of expansion toward innovative trading mechanisms such as Perpetual Futures Contracts in cryptocurrency.
PERP Coin News Analytics from Thu, 29 Jul 2021 07:00:00 GMT to Mon, 23 Dec 2024 08:00:00 GMT - Rating 7 - Innovation 4 - Information 8 - Rumor 2