Perpetual Protocol (PERP), a decentralized exchange, has been gaining significant recognition and influence in the crypto market. In May,
Hyperliquid even surpassed
Binance, a leading crypto exchange, with a whopping $248 Billion in perp volume.
PERP Coin is also seeing a surge in futures open interest following the crypto reserve disclosure by former President Trump. Further growth is expected as
CFTC's Mersinger announces that the crypto perp futures market will be introduced shortly. Additionally,
Coinbase has launched the Coinbase 50 Index, a global crypto benchmark, which could serve to further legitimize the cryptocurrency market. The
Solana price remains hot, pointing towards a high possibility of SOL breaking $180, while increased activity in perpetual trading is witnessed as more tokens, including PENGU, POPCAT, and HNT, get listed on Coinbase. But PERP trading isn't just growing in Coinbase; rapid expansion is observed across the sector, including
Sui where Bluefin is bringing perp trading. The sector's growth seems unstoppable, perhaps indicating that 2025 might indeed be the year of mass adoption for Perpetual DEXs.
Hyperliquid and
Velar launch new services to bring greater liquidity and opportunities for traders.
Coinbase remains a key player, as it launches an international perp exchange offering 5x leverage. In all these,
Perpetual Protocol (PERP) token remains a significant player, now available on major platforms like Coinbase Pro and seeing an increased market activity.
PERP Coin News Analytics from Mon, 08 Feb 2021 09:49:16 GMT to Sat, 07 Jun 2025 13:41:15 GMT -
Rating 7
- Innovation 8
- Rumor -3
