Perpetual Protocol

PERP

DeFi, financial protocol weightsMarket-cap rank 2111, CoinGecko 23 Oct 2026

STRICT score withheld.Score opens with Pro

Sustainabilitywithheld×0.20–

Transparencywithheld×0.16–

Revenuewithheld×0.24–

Innovationwithheld×0.16–

Communitywithheld×0.10–

Tokenomicswithheld×0.14–

Weights are public.

The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.

See plans

Research, not financial advice. Read the terms.

About Perpetual Protocol

Analysis of 11 Dec 2025

Perpetual Protocol (PERP) is a decentralized perpetual futures DEX built on Optimism Layer 2, enabling leveraged crypto derivatives trading without expiration dates. As of December 2025, PERP trades at $0.089 with a market cap of $5.88 million and daily volume of $975,000.

Full overviewShow less

The protocol holds approximately 9.2% market share in the perpetual DEX sector, which processed $898 billion year-to-date volume. However, PERP faces existential challenges following the November 12, 2025 Binance delisting (citing low liquidity and compliance concerns) alongside OKX and Bitvavo delistings, collectively eliminating 70% of historical trading volume.

The token crashed 70% from August 2024's $0.31 high to current levels, with a 90-day decline of 64%. Despite operating in a rapidly growing sector where perpetual DEXs captured 26% of global futures market share (up from 2.7% in 2023), PERP struggles against dominant competitors like Hyperliquid (80% market share, $4.5B TVL), GMX ($401.5M TVL), and dYdX.

Add to watchlist