Perpetual Protocol (PERP) Price
Historical Perpetual Protocol price chart and current Perpetual Protocol price.
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What is Perpetual Protocol?
Perpetual Protocol is a decentralized exchange that offers perputual contract trading on the asset offered on the platform. The exchange uses vAMM, which makes it different than other DEXs like Uniswap. WIth vAMMs, no swap is occurring. Unlike Uniswap, for example, where traders arrive with asset A and leave with asset B, on Perpetual Protocol traders always arrive with USDC, and leave with USDC. This allows the protocol to operate without ever having held the underlying asset. The PERP token is used to participate in the protocol's governance, and users can stake PERP to receive a share of the protocol's transaction fees.
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