Perpetual Protocol, a new player in the cryptocurrency market, has begun to attract significant attention in the recent months. This DeFi concept offers
decentralised futures trading through a unique automated market-maker model, and it has reported rapid growth since its introduction. Several platforms, including YFX and Horizon Protocol, have integrated Perpetual Protocol due to its high scalability and low cost trading. Recently, a $32m vulnerability was detected in the protocol and was quickly rectified, underscoring the proactive response towards ensuring security. Meanwhile, the
Bitoro Network and
Injective Protocol partnership has resulted in the expansion of decentralised perpetual futures. New entrant, Vega Protocol, has deployed decentralised perpetuals on a
Layer 1 blockchain, further driving interest and institutional adoption in the space. A growing number of large transactions due to
whales are leading to considerable market movement. The integration of Perpetual Protocol in dappOS technology, and the recently announced
Arbitrum grant to GMX, a perpetual trading protocol, points to the increasing recognition of this innovative concept in the blockchain space. Amidst this growth, other players such as Ethena and Drift Protocol are carving out their share of the rapidly expanding space of perpetual futures trading in DeFi.
Perpetual Protocol News Analytics from Sun, 25 Oct 2020 07:00:00 GMT to Thu, 05 Sep 2024 07:00:00 GMT -
Rating 4
- Innovation 6
- Information 5
- Rumor 3
