Perpetual Protocol
PERP(Inactive)Decentralized perpetual contract protocol based on vAMM
Performances
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.08% | 3.48% | 3.15% | 2.47% | 13.73% | 47.10% |
Revenue & Burn
Protocol income
$0Buyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $0 | -- | -- | -- |
| Sep 2026 | $0 | -- | -- | -- |
| Aug 2026 | $0 | -- | -- | -- |
| Jul 2026 | $0 | -- | -- | -- |
| Jun 2026 | $0 | -- | -- | -- |
| May 2026 | $0 | -- | -- | -- |
Comparison
Sub Organizations
Tokenomics
Unlock Progress
Based on CoinGecko data, Current Unlock Rate for PERP: 88.10%
On-chain Holding
| Holding Token | Price | Amount | Total Value |
|---|---|---|---|
| No Data | |||
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0x8098...6eec |   PERP | 29,217,783.57 | 19.48% | $593.92K |
| Coinbase 10 (3e43) | PERP | 27,373,810.23 | 18.25% | $556.44K |
| 0x15da...b0d7 | PERP | 20,067,661.46 | 13.38% | $407.92K |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | PERP/USD | $0.0885 | $24,751 | $20,704 | $168,789 | 370.69% | |
| 2 | PERP/WETH | $0.08817 | $31,317 | $31,223 | $61,254 | 134.53% | |
| 3 | BBybitCEX | PERP/USDT | $0.08835 | $26,771 | $10,133 | $25,580 | 56.18% |
| 4 | KKuCoinCEX | PERP/USDT | $0.08925 | $102 | $737 | $12,393 | 27.22% |
| 5 | KKrakenCEX | PERP/USD | $0.0885 | $821 | $1,098 | $11,289 | 24.79% |
| 6 | BBitgetCEX | PERP/USDT | $0.08835 | $8,963 | $788 | $10,452 | 22.95% |
| 7 | HHTXCEX | PERP/USDT | $0.08695 | $0 | $0 | $1,533 | 3.37% |
| 8 | KKrakenCEX | PERP/EUR | $0.08824 | $175 | $17 | $615 | 1.35% |
| 9 | KKuCoinCEX | PERP/BTC | $0.09144 | $0 | $0 | $306 | 0.67% |
| 10 | PERP/WETH | $0.08912 | $89 | $89 | $66 | 0.15% |
Follow Updates
About Perpetual Protocol
Perpetual Protocol is a decentralized perpetual contract exchange built on blockchain, allowing users to trade crypto derivatives with leverage without intermediaries. Its core mechanism, the virtual Automated Market Maker (vAMM), provides on-chain liquidity and price discovery without holding actual assets, enabling up to 10x leverage while minimizing slippage. The protocol's native token, PERP, is used for staking and governance, with stakers earning a share of trading fees.
Its main competitive edge lies in being non-custodial and fully transparent, addressing the pain points of centralized exchanges where users must trust platforms with their funds and face opaque operations. Additionally, by operating on Layer 2 solutions like Optimism, it significantly reduces transaction costs and latency, solving the high-fee and slow-speed issues of early DeFi derivatives platforms.
In the past six months (March to September 2026), Perpetual Protocol has undergone a major transition. It deprecated its v2 (Curie) and HOT products in March to focus entirely on the v3 architecture, which introduced a more efficient liquidity framework. The team also launched Nekodex, a mobile-first trading interface, and a rewards engine to attract retail users. However, this migration period has led to a temporary decline in total value locked (TVL) and trading volume, as liquidity shifted between versions. The protocol continues to rely heavily on the Optimism ecosystem, which remains both an opportunity and a risk given the competitive landscape of L2-based perpetual DEXs.
Yenwen Feng (Co-founder) LinkedIn: https://www.linkedin.com/in/tempofeng/ Twitter: https://x.com/tempofeng
Shao-Kang Lee (Co-founder) Twitter: https://x.com/wraecca