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PERP

Perpetual Protocol  

#PERP

PERP Price:
$0.58
Volume:
$2.7 M
All Time High:
$24.65
Market Cap:
$50.8 M


Circulating Supply:
88,398,602
Exchanges:
19
Total Supply:
150,000,000
Markets:
27
Max Supply:
Pairs:
30



  PERP PRICE


The price of #PERP today is $0.58 USD.

The lowest PERP price for this period was $0, the highest was $0.575, and the exact current price of one PERP crypto coin is $0.57518.

The all-time high PERP coin price was $24.65.

Use our custom price calculator to see the hypothetical price of PERP with market cap of ETH or other crypto coins.


  PERP OVERVIEW


The code for Perpetual Protocol crypto currency is #PERP.

Perpetual Protocol is 2.1 years old.


  PERP MARKET CAP


The current market capitalization for Perpetual Protocol is $50,845,247.

Perpetual Protocol is ranked #309 out of all coins, by market cap (and other factors).


  PERP VOLUME


There is a big volume of trading today on #PERP.

Today's 24-hour trading volume across all exchanges for Perpetual Protocol is $2,650,138.


  PERP SUPPLY


The circulating supply of PERP is 88,398,602 coins, which is 59% of the total coin supply.


  PERP BLOCKCHAIN


PERP is a token on the Ethereum blockchain, and has digital contracts with 2 other blockchains.

See list of the PERP Blockchain contracts with 3 different blockchains.


  PERP EXCHANGES


PERP is integrated with many pairings with other cryptocurrencies and is listed on at least 19 crypto exchanges.

View #PERP trading pairs and crypto exchanges that currently support #PERP purchase.


  PERP RESOURCES


Websiteperp.com
Whitepaperdocs.perp.fi/library/litepaper
Twitterperpprotocol
Telegramperpetualprotocol
DiscordDq9mTmCaBb
Mediumperpetualprotocol


  PERP DEVELOPER NEWS



What is Technical Analysis?

Technical analysis is the study of past price action to reliably forecast future prices. By studying how price and volume behaved in similar market conditions in the past, technical traders rely solely on this information to find an edge and try to predict how the market may play out in the future.Since technical analysis is a very wide-ranging field, this article only serves to give the reader a solid introduction to some of the most effective technical analysis techniques. Subscribe to our blog for more trading-related content, as we’ll go into depth into some strategies outlined here! Purely technical traders do not care about fundamentals or sentiment, focusing solely on price action and indicators derived from the price or trading volume. Although technical analysis often gets a bad rap, it can be useful for investors and traders: the key is knowing what the indicators represent, how they are calculated, their likelihood of success and executing trades using these methods accordingly.Need an introduction to the topic of price action? Check out our team brown bag video, the 1–2–3’s of price action, to learn more. The foundations for technical analysis were laid with candlestick analysis from 18th century Japan and Dow theory, which became popular in the 1920s/1930s and posits that the price of company stocks moves in waves. With the increasing financialization of the global economy from the 1980s onwards, the fi...




Perpetual Protocol Newsletter — Issue #40

Perpetual Protocol Newsletter — Issue #40 - — New Referral Program, Smart Contract Updates & Community Events - Hi everyone, Hot off the press — our latest newsletter issue including our new referral program, smart contract updates to make the protocol more secure and preparation for the start of fee sharing as well as fun community events. Read on below to find out more. — Highlights from the last development sprint - 🛠️ Product 1. Referral Program Update — Perpetual Protocol (✨🔴_🔴✨) on Twitter: "1/📢 Referral Program update! 📢To align the referral program with our new tokenomics, some major changes are being introduced to incentivize the locking of vePERP🔒 pic.twitter.com/mNlz4jBRVx / Twitter" - 1/📢 Referral Program update! 📢To align the referral program with our new tokenomics, some major changes are being introduced to incentivize the locking of vePERP🔒 pic.twitter.com/mNlz4jBRVx The TL;DR: As part of our transition to a new staking model on Optimism, the updated version of the referral program will soon depend entirely on vePERP., To participate in the new referral program, traders and referral partners must hold at least 10 vePERP., The proportion of the weekly rewards depend on referred volume and the share of vePERP relative to all other referral partners., Referral partners using contract addresses will need to delegate vePERP to external...




What is EIP-4844?

With the Merge now behind us, Ethereum ‘s next big milestone will be the Shanghai hard fork which will include EIP-4844. The upgrade, estimated to occur in March 2023, is likely to include an improvement to the protocol that will significantly boost the throughput of Layer 2s and bring transaction costs down to a fraction of a penny. EIP-4844, also known as Proto-danksharding, is an exciting proposal for Ethereum that has the potential to deliver big scalability gains, especially for rollups, while also laying the groundwork that’s necessary to implement sharding. The improvement proposal, authored by Dankrad Feist and Proto Lambda, introduces a lot of new things to Ethereum and begins to address the main scaling bottleneck faced today: data availability. But what does the term data availability even mean? How does EIP-4844 achieve greater scalability? And what are the new changes that need to be introduced to make this a reality? The current Ethereum roadmap relies on rollups to push scalability forward until sharding is implemented. Rollups are innovative in that they take storage and execution of a blockchain off-chain, reducing the burden on Ethereum’s Layer 1 (L1) while also realizing savings for execution and storing the ‘state’. Basically, the sequencer or verifier of a rollup creates a transaction on L1 that includes all transactions, state roots and commitments from the Layer 2 (L2), posts this informatio...




What is an Automated Market Maker (AMM)?

Automated Market Makers (AMMs) have become an integral part of the DeFi ecosystem, facilitating trillions in trading volume. Pioneered by projects like Bancor and Uniswap in 2017/2018, AMMs provide an interesting alternative to the traditional central limit order book model. Replicating an order book on the blockchain runs into two major problems: first, there are gas costs involved for each order a maker wants to submit or change, which becomes expensive over time and inefficient. Second, since blockchain data is publicly available and readily accessible, frontrunning prevents traders from executing the trades they actually want. One of the major advantages of AMMs over order books is that anyone can supply assets to a pool to become a liquidity provider and earn trading fees. As a result, AMMs are able to attract more capital, resulting in greater market depth for decentralized exchanges (DEXes) as compared to their centralized counterparts. It’s no surprise then that this innovation has become a major foundation for the most popular DEXes and even other DeFi applications. — A Brief History of AMMs - Operating a DEX on the blockchain with AMMs was first discussed by Ethereum co-founder Vitalik Buterin back in 2016, which later inspired the creation of Uniswap. While Bancor is credited with creating the first ever AMM (called omnipool), a major disadvantage of this approach was that tokens had to be paired against...




Understanding Crypto Trading Strategies

To navigate the crypto markets and trade with success, it’s important to develop a strategy that you can backtest and refine over time. This article will go over the different elements of a trading strategy and provide you with some ideas in formulating your own unique approach. — Outline - What is a Trading Strategy?, What is Scalping?, What is Day Trading?, What is Swing Trading?, What is Position Trading?, Passive Trading Strategies, — What is a Trading Strategy? - Just like in sports, business or any other competitive field, a good strategy can be the difference between success and failure. The importance of strategizing cannot be understated, as a trading strategy is a set of rules and practices that gives you direction by specifying your aims, the markets you’ll trade, and your risk tolerance. When setting these factors beforehand, a strategy can help you enforce discipline and trade in a systematic way, eliminating guesswork and emotions from the trading process. Without a strategy, you may make decisions on a whim without much thought and sticking to your plan ensures that you only take action when the best opportunities present themselves. In short, a piece of advice traders should always keep in mind: — “Plan the trade and then trade the plan”. — Every person is unique and so too are the strategies used by traders in the cryptocurrency market. Your personality, lifestyle, world ...




DuneCon Digest

Blockchain enthusiasts and wizards from all over the world gathered at Dune Analytics’ first conference DuneCon on September 15th, which was hosted at Funkhaus on the banks of the river Spree in Berlin. Several of our marketing team members attended the event, networked with attendees and gave out some cool Perp swag! — Perpetual Protocol (✨🔴_🔴✨) on Twitter: "Hallo aus Berlin 👋Come find us at DuneCon by @DuneAnalytics at Funkhaus today!Who knows, you might be able to snag some special Perp merch 🪩🥨 pic.twitter.com/LVggbqc7s1 / Twitter" - Hallo aus Berlin 👋Come find us at DuneCon by @DuneAnalytics at Funkhaus today!Who knows, you might be able to snag some special Perp merch 🪩🥨 pic.twitter.com/LVggbqc7s1The Berlin Pepe t-shirt will soon be available on our merch store. Read on for some highlights from DuneCon. — Opening Keynote - The first talk was by Dune co-founder and CEO Fredrik Haga, who explained that Dune started with $3,000 in capital and around a third of this was spent on a visit to a Berlin hackathon. In a nod to the book How Innovation Works by Matt Ridley, Frederik explained that innovation is a key ingredient for economic growth: “Innovation must have a dynamic and open economy in which new companies, upstarts and outsiders can challenge the status quo”. TradFi is a closed and slow system with many frictions where everything you do is local, meaning that...




Perpetual Protocol Newsletter — Issue #39

Perpetual Protocol Newsletter — Issue #39 - — Introducing Lazy River, UI Updates & more. — Hi everyone, In this week’s issue we’re excited to announce the launch of our Lazy River program, which lets you earn passive income through locking your PERP. We’ve also released some highly anticipated UI updates. You know the drill, read on below to find out more. — Highlights from the last development sprint - 🛠️ Product 1. Lazy River Introducing Lazy River — earn an easy stream of income by locking your $PERP! Head over to token.perp.com, lock your PERP for at least two weeks and collect PERP rewards every Thursday. Lock into vePERP before Thursday 00:00 UTC to be eligible for the following week’s reward distribution. Learn more about Lazy River and how to earn passive income as a vePERP holder in our article. Introducing Lazy River 2. UI Updates We have updated the UI with some highly anticipated features like live stats, TradingView charting tools and PnL sharing to show off your wins (or losses). Head to app.perp.com to check it out! 3. Technical Docs on docs.perp.com — Perpetual Protocol (✨🔴_🔴✨) on Twitter: "Calling all BUIDLers, developers and programmers👷Our open sourced technical docs are now live!Dive in to start building on top of Perp v2👇t.co pic.twitter.com/9GmKarx8HK / Twitter" - Calling all BUIDLers, developers and programmers👷Our o...




What are Virtual Tokens?

Did you know that when you’re providing liquidity or trading on Perp v2, you’re actually trading virtual tokens through pools on Uniswap v3? Read on to learn more about how virtual tokens are used to represent your positions. Simply put, a virtual token (or vToken) is a synthetic asset with no intrinsic value, used for accounting purposes. The base asset, also known as vBase, is the underlying asset you’re trading and the quote asset is always USD. For example, when trading ETH-USD on Perp v2, you are actually trading virtual ETH (or vETH) against vUSD via the Uniswap v3 pool. In traditional markets, a clearinghouse is an intermediary that validates transactions between buyers and sellers, however for Perp v2, it is actually a smart contract! For all positions on Perp v2, the clearinghouse manages all trades for users, which you can see executed in real time here. Uniswap v3 is used as the backend Automated Market Maker (AMM), which takes virtual tokens so that only the clearinghouse owns these tokens and can interact with the AMM. The vTokens are non-transferable outside of the clearinghouse and do not have any real value. And as all tokens in these pools are minted by the clearinghouse, Uniswap transaction fees can be ignored. If you go to DEX Screener and look at the data for Uniswap v3 on Optimism, you’ll discover that five out of the ten top markets by trading volume are vToken pairs traded on Perp v2! Source:...




Introducing Lazy River

The new and improved iteration of PERP staking utilizing the veToken model on Optimism has launched. Read on to find out more and how you can earn a share of the 25K PERP weekly rewards! Want to earn an easy stream of income? Lazy River allows you to do exactly that and sets the stage for our eventual USDC fee distribution. While we’re building the most anticipated tokenomic component, vePERP holders can enjoy PERP tokens rewards, depending on their locked token amount and lock time. The launch of PERP staking on Optimism provides incentive for holders and referral partners to lock into vePERP and earn a flow of passive income. — Lock PERP ’n’ Chill - To participate in the Lazy River initiative, you must do the following: If you don’t already hold PERP on Optimism, bridge some tokens over., Head over to token.perp.com and select Lazy River., Lock PERP into vePERP (any amount above 0) and select a lock time of at least 2 weeks., Collect PERP rewards every Thursday (which are determined by your unweighted vePERP balance)., The rewards depend on the proportion of the total amount of unweighted vePERP that you hold. Let’s look at how it works in practice. If a user has an expired lock or no locked PERP, they will not receive any rewards. — vePERP - Read our introduction to vePERP👇 Introducing vePERP — What is Unweighted vePERP? - Your vePERP balance depends on how much PERP you have locked ...




Market Review Aug 2022: The Tornado Cash Sanctions Fallout

Welcome to our market review for August, where we recap the biggest developments in the past month, provide some snapshots of the cryptocurrency markets and assess the fallout of the Tornado Cash sanctions. — Overview - News Recap, Markets Snapshot, The Tornado Cash Sanctions Fallout: What Next for Privacy on Ethereum?, Upcoming Events, — News Recap - Jerome Powell’s Jack Hole speech warns of “pain” ahead: Slow economic growth and possibly rising unemployment ahead for Americans as the Federal Reserve continues raising interest rates to fight rampant inflation. Powell said the Fed will raise rates as high as needed to restrict growth, and would remain high “for some time” to combat growing inflation., Coinbase launches liquid staking with cbETH: Ahead of the Merge, Coinbase introduces its own liquid staking derivative cbETH. Coinbase currently has a 14.5% market share for Beacon chain deposits, second behind Lido with a 30.37% market share., US Treasury Sanctions Tornado Cash: On August 8th, the OFAC and US Treasury sanctioned Tornado Cash, on grounds that it was used to obfuscate funds stolen by the North Korean hacking collective, the Lazarus group. Later on in the month, Tornado developer Alexey Pertsev was arrested by Dutch authorities., Optimism sees Highest Ever Monthly Transaction Count: In August, there were 4.3 million transactions on the Optimism network, the highest monthly figure in the ro...




  PERP NEWS


Perp Traders Remain Quiet As Bitcoin Struggles To Hold $30,000

    Bitcoin has been struggling to hold on to the $30,000 level for the better part of this week, failing more often than not. While there have been various reactions from different parts of the market such as the ETFs, perpetual traders seem to have taken this as a sign to hold off on their activities. What this has led to is a continuation of the neutral or below-neutral funding rates that have been recorded in the past couple of weeks. Bitcoin Funding Rates Unmoved For the past few months, bitcoin funding rates have been tethering around the neutral and below neutral levels. This is interesting given that open interest in perpetual had surged to new all-time highs during this time.  Funding rates fall below neutral | Source: Arcane Research The 21 bitcoin funding rate intervals on the Binance and Bybit exchanges have been dominated by below-neutral funding rates. A total of 16 funding rates have been neural while 5 have been neutral funding rates. All this while, the perps have continued to trade at a reasonable discount to the spot. Leverage Still Surging Even though bitcoin funding rates have been straggling, it has not affected the performance of open interest (OI). OI had declined significantly in the previous week but last week saw BTC denominated open interest retrace its steps and add 41,000 BTC. This brought the total denominated OI to touch new all-time highs of 290,000BTC, beating the previous May 4th high of 282,000 BTC. Just a week after open interest had div... read More



Broader Market Celebrates Bitcoin Breakout, But What About Perp Traders?

    Bitcoin perpetual traders seem to be the only ones unmoved by the digital asset’s recent breakout. BTC which has had a tremendous rally during the first half of the week had been able to break out of the slump of the low $40,000s and moved on an upward trajectory above $47,500. However, perp traders have not reacted much to it given the state of the funding rates. Funding Rates Remain Flat The bitcoin perpetual traders are not reacting to the recent upside as expected. This is evidenced in the fact that the perp basis is still sitting at or even below neutral funding rates, marking the 115th consecutive day that this has remained the case. This speaks volumes to how perp traders are viewing the market. Regardless of the bitcoin price increase, they have not increased their activity in any significant way. BTC funding rates remain neutral amid price growth | Source: Arcane Research It could easily mean that perp traders are not convinced by the recent price movement. As with the previous uptrends recorded this year, it could mean that perp traders are expecting the digital asset to go the same way. Even going as far as falling below the neutral funding rate. This follows the trend for the year so far, given that there have been no positive funding rates recorded in 2022. The decline in funding rates can be attributed to long traders closing their positions, which have caused perpetual prices to either align or continue to trail behind spot prices. Bitcoin Open Interest ... read More



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