Perpetual Protocol (PERP) Price

As of 2026-02-20, 1 Perpetual Protocol is worth 0.02 USD. Perpetual Protocol price is down by -7.25% in the past 24 hours, with a daily trading volume of 898,361.21. Over the last 7 days, PERP's price is down by -6.75%.

Price predictions for PERP are influenced by market sentiment, supply and demand dynamics, and major events such as ETF approvals or geopolitical developments. Over the past 7 days, Perpetual Protocol is down by -6.75%, compared to the overall market, which is down by 0%. Learn more about PERP price prediction.

The all-time high price of Perpetual Protocol was 24.40 USD. Currently, Perpetual Protocol is priced at 0.02 USD, marking a -99.91% down from its peak level.

The all-time low price of Perpetual Protocol was 0.01 USD. Currently, Perpetual Protocol is priced at 0.02 USD, marking a 7.50% up from its lowest level.

As of 2026-02-20, the circulating supply of PERP is 72,609,864.24 Perpetual Protocol, out of a total supply of 150,000,000.00 Perpetual Protocol, representing 48.40% of the maximum supply.

With a current price of 0.02 and a circulating supply of 72,609,864.24 as of 2026-02-20, the market capitalization of Perpetual Protocol is 19,499,064.00 USD. It ranks #2577 among all cryptocurrencies by market cap.

The price of PERP is influenced by user activity, liquidity, ecosystem developments like token burns or upgrades, and broader trends such as Bitcoin price movements or ETF approvals. Whale activity and social sentiment also contribute to short-term volatility.

Perpetual Protocol stands out from many other decentralized perpetual DEXs by using a vAMM model for price discovery and liquidity, instead of traditional order books or shared liquidity pools. This means traders interact with vAMM curves that simulate liquidity for leveraged positions, allowing users to go long or short with up to 10x leverage, with all trading and settlement fully on-chain. This approach emphasizes non-custodial trading, predictable pricing, and deep composability within the broader DeFi ecosystem. In contrast, some competing decentralized perp platforms like dYdX use order-book-style matching engines for high execution performance and deeper liquidity, while protocols such as GMX or others adopt different AMM or liquidity pool designs that emphasize shared pool liquidity and dynamic pricing. Each architecture balances trade-offs between execution speed, liquidity depth, slippage, and decentralization, with vAMM models like Perpetual Protocol’s leaning toward accessible, transparent on-chain trading, and order book or hybrid models targeting professional traders with near-CEX performance.

Perpetual Protocol operates primarily on Optimism, an Ethereum Layer-2 scaling network designed to reduce transaction costs and improve execution speed. By deploying on Optimism, Perpetual Protocol enables faster, lower-fee trading while still benefiting from Ethereum’s security and decentralization, making on-chain perpetual futures trading more efficient and accessible for active traders.

You can store PERP tokens directly on BingX, which offers a convenient and secure option for users who actively trade or manage their assets on an exchange. Keeping PERP on BingX allows you to access spot trading, real-time price tracking, and account-level security features without needing to manage private keys yourself, making it suitable for frequent traders and beginners. For users who prefer self-custody, PERP is an ERC-20 token and can be stored in popular Ethereum-compatible wallets such as MetaMask, Trust Wallet, Ledger, and Trezor. These wallets give you full control over your private keys and are better suited for long-term holding or interacting directly with DeFi applications, though they require careful security management on your part.

Perpetual Protocol (PERP) can be a compelling investment for users who believe in the long-term growth of decentralized derivatives trading, thanks to its innovative vAMM model that enables on-chain perpetual futures with deep liquidity and non-custodial execution. Its vePERP vote-escrow tokenomics align holders with protocol revenue and governance, offering potential real yield through programs like Lazy River 2.0, and giving long-term participants a say in future upgrades. Operating on Optimism brings lower fees and faster transactions, which can help attract more traders and volume over time. However, like all crypto assets, PERP carries risks related to market volatility, smart contract vulnerabilities, and competitive pressure from other decentralized and centralized exchanges, so investors should conduct thorough research and consider risk tolerance before investing.