PERP: The governance token behind the Perpetual Protocol

CoconutWaterBoy · 2026-01-30T14:07:10+00:00

PERP is the native token of the Perpetual Protocol, a decentralized platform for trading derivatives that allows users to speculate on price movements of various assets. Launched in 2019, it features automated pricing and up to 10x leverage. Token holders participate in governance, influencing protocol evolution while recent market conditions show challenges with a current price of $0.03.

CoconutWaterBoy

2026-01-30 14:07:10

Abstract generation in progress

PERP is the native token that powers the Perpetual Protocol, a decentralized platform revolutionizing derivatives trading. Since its launch in 2019, this protocol has enabled traders to speculate on price movements of multiple assets without traditional intermediaries.

What is PERP and how does it work?

The Perpetual Protocol functions as a sophisticated digital marketplace where users can trade perpetual contracts: financial instruments that replicate price movements of real assets. Unlike centralized exchanges, this protocol uses an automated price fixing mechanism that ensures fairness in all transactions.

One of its most notable features is leverage of up to 10x. Traders can amplify their positions using borrowed capital backed by cryptocurrency collateral. This system allows participation with greater exposure without compromising the security of the protocol.

Decentralized governance with PERP

The PERP token acts as the governance mechanism for the platform. PERP holders participate in critical decisions regarding the protocol’s evolution, with voting power proportional to the number of tokens they hold. Additionally, the protocol incentivizes participation by locking PERP tokens for certain periods, allowing users to earn additional rewards.

Current market data for PERP

As of January 2026, PERP faces a challenging market environment. The token is trading at $0.03, recording a -6.50% in 24 hours and -31.16% over the last 7 days. With a market capitalization of $2.25M and a circulating supply of 72,609,864 tokens out of a total supply of 150,000,000, the daily volume reaches $287.84K.

The Perpetual Protocol continues to evolve since its inception, constantly improving its technological infrastructure. The distributed governance system ensures the community has a voice in each update, while the incentive model keeps the ecosystem of users and developers active.

PERP-4,01%

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