Vanilla Finance has rebranded to Superp, introducing a new DEX fueled by memes, PERP. This strategic rebranding coincides with a surge in open interest for
Bitcoin Perp futures and the launch of
Coinbase's COIN50 Index, a global crypto benchmark. This consolidation and introduction of PERP to various trading platforms has resulted in a substantial expansion of perp trading. The expansion across platforms like Coinbase and Binance has broken the dominance in the DEX sector, hitting a record
$248 billion Perp volume in May. Furthermore, the intricacies of perpetual futures and the growth of decentralized derivatives have led to
mass adoption for Perpetual DEXs. This is predicted by various indicators like mindyourbuisness's Aggregated Spot vs Perp Volume (% Change) to gain momentum by 2025. Despite the surge, Perp-focused
HyperLiquid experienced $60M in USDC net outflows and
delisted JELLY perps due to 'suspicious' activity. However, leading platforms like
Coinbase International have initiated trading of derivatives causing bullish movement for the PERP Coin. Meanwhile, new integrations by dappOS V2 are seeing PERP coins surge, with a focus on advancing blockchain adoption and institutional DEFI. Even though moving towards venture targeting glycan 'meme coin' patterns, the current market climate suggests the possibility of these patterns being profitable turning $1,000 into $1 million. In-light of all this, numerous tokens and futures contracts have seen positive performance such as PENGU, POPCAT, and Helium. However, Coinbase's decision to suspend certain contracts like FTM-PERP might lead to a dip in prices. Despite the volatility, the potential of Perpetual Protocol (PERP) remains high with room for more innovation in the future.
PERP Coin News Analytics from Thu, 24 Oct 2019 13:44:35 GMT to Wed, 18 Jun 2025 03:55:43 GMT -
Rating 5
- Innovation 4
- Information 6
- Rumor -3
