Perpetual Protocol (PERP), the decentralized exchange (DEX) specializing in perpetual futures, is experiencing a surge in volume and recognition, with an array of market happenings supporting its growth. On HyperLiquid, the HYP token reached a $43 high as perpetual trading volume spiked significantly to $248 billion in May, breaking Binance's dominance.
Coinbase's U.S. branch is preparing to introduce perpetual-style futures soon, an event that CEO confirmed along with weekly Bitcoin purchases. Vanilla Finance's rebranding to Superp also indicates a shift in the market: a meme-fueled DEX for perpetual trading. Further,
defi perp protocol, HyperLiquid also achieved $21B daily volume, and listings of high-profile tokens like TRUMP and MELANIA further bolstered this. Coinciding with this,
Solana (SOL) is vouched to spearhead the global tokenization movement. Amidst such advancements,
Coinbase International Exchange plans to list various tokens for perpetual futures trading including Toshi, Gigachad, The Graph, PENGU, POPCAT, HNT, AERO, BEAM, DRIFT, Spx6900, and Kaspa by February 2025. A significant outflow of $60M USDC was observed on HyperLiquid signaling growing interest and activity in perpetuals. In a move of interest to Traders,
Decentralized Derivatives are expanding, with exchange Globe offering up to 100X leverage on NEAR-Perp. Lastly,
Perpetual Protocol's price movement is under watch with recent market turbulence, including a reported 15% drop. Yet, the PERP, currently available for trade on
Coinbase and ARPA Chain, remains a hot topic in market talk and trends.
PERP Coin News Analytics from Tue, 19 Oct 2021 07:00:00 GMT to Mon, 30 Jun 2025 12:12:39 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor -4
