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Perpetual Protocol(PERP)Derivatives














  1. Market cap (circulating)



  2. Revenue (30d)



  3. Market cap (fully diluted)



  4. Revenue (annualized)



  5. Total value locked



  6. P/F ratio (fully diluted)



  7. Trading volume (annualized)



  8. P/S ratio (fully diluted)



  9. Fees (30d)



  10. Treasury



  11. Fees (annualized)



  12. Active users (daily) (30d average)



  13. Core developers (30d average)



  14. Code commits (30d sum)



Last column in the tables shows 30d change


What is Perpetual Protocol

Perpetual Protocol is an open-source and non-custodial exchange for perpetual contracts built on Optimism. Perpetual Protocol was founded by Shao-Kang Lee & Yenwen Feng and launched in 2019.

How does Perpetual Protocol work

Liquidity providers deposit funds into Perpetual Protocol to earn a share of trading fees (supply-side fees). Perpetual Protocol leverages Uniswap v3's architecture as a pricing engine, enabling traders to access up to 10x leverage. Perpetual Protocol also offers Hot Tub vaults, which operate trading strategies that generate yield from arbitrage profits.

Who governs Perpetual Protocol

PERP token holders own and govern the protocol. Token holders can boost their governance power and earn 15% of trading fees paid by traders (revenue) by locking PERP into vote-escrowed PERP (vePERP). Perpetual Protocol's investors include CMS Holdings, Binance Labs, and Mechanism Capital.

Perpetual Protocol community channels

Key metrics

Daily market cap (fully diluted) vs. daily fees in the past 180 days.


Growth rate24h7d30d90d180d365d
Market cap (fully diluted)














Related resources

  1. Perpetual Protocol – An on-chain perpetual futures exchange
    Perpetual Protocol – An on-chain perpetual futures exchange

    Perpetual Protocol – An on-chain perpetual futures exchange

    Jamie Holmes joined us for an episode of 15-minute fundamentals to dive into the details behind the charts available on Token Terminal. Perpetual Protocol is an on-chain perpetual futures DEX with deep liquidity and builder-ready composability.