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Perpetual Protocol consists of two parts: one is a Uniswap-inspired virtual AMM backed by a fully collateralized repository; the other is a built-in collateral pool backing that powers each virtual market. PERP is Perpetual Protocol's ERC-20 native protocol token. PERP holders can back the protocol by staking PERP. In return, stakers will receive a portion of transaction fees and staking rewards. Once the ecosystem matures with broader token issuance, Perpetual Protocol will gradually transition to community governance, allowing the community to determine the future development of the protocol.

On May 29, 2026, the Commodity Futures Trading Commission (CFTC) issued a landmark order approving the listing of bitcoin perpetual futures on Kalshi, a registered U.S. exchange.

Ethereum core developers scheduled EIP-8141, called "Frame Transactions," for inclusion in the Hegotá upgrade planned for 2027.

The Crypto Fear & Greed Index jumped from 27 on August 12, 2026 to 74 on August 26, 2026, a 47-point swing in two weeks.

Chat-based perpetual trading is a system where users trade perpetual contracts inside chat interfaces rather than separate trading platforms.

A Perp DEX is a decentralized exchange that allows users to trade perpetual futures without an expiration date. Unlike centralized platforms, trades are executed through smart contracts, and users keep custody of their funds.

PERP, or Perpetual Protocol, is a decentralized exchange (DEX) that allows users to trade perpetual contracts.