PERP (Perpetual Protocol) rose 15.00% in the last 24 hours.

Gate News Bot news, on September 22, according to CoinMarketCap data, PERP (Perpetual Protocol) is currently priced at $0.31, having risen 15.00% in the last 24 hours, with a peak of $0.35 and a low of $0.25. The current market capitalization is approximately $20.6 million, an increase of $2.68 million compared to yesterday.

Perp Labs is a leading innovator in the decentralized finance (DeFi) space, dedicated to building secure and user-friendly financial tools. Since 2019, it has launched Perpetual Protocol (a top decentralized perpetual futures exchange) and Nekodex (a mobile application that simplifies cryptocurrency trading). The PERP token is central to its ecosystem, used for governance, staking, and incentives. Perp Labs is backed by a top-tier team that prioritizes security and maintains a perfect record with zero hacks. As it continues to drive the development of DeFi, Perp Labs is committed to empowering the next generation of traders and innovators.

Important recent news about PERP:

1️⃣ PERP DEX becomes the focus of attention in the DeFi field PERP DEX is rapidly becoming a new focal point in the DeFi space, with its innovative perpetual contract trading model attracting the attention of numerous investors and traders. As a decentralized perpetual contract trading platform, PERP DEX offers users a more flexible and efficient trading experience, driving further development of the DeFi ecosystem.

2️⃣ PERP trading volume continues to rise The trading volume of Perpetual Protocol shows a steady rise trend, reflecting the increasing demand for decentralized derivatives trading in the market. This trend not only demonstrates the competitiveness of PERP in the DeFi sector but also provides strong support for the value of its token.

3️⃣ The competition in the DeFi market intensifies With the launch of new perpetual contract trading platforms like SunPerp, competition in the DeFi market is intensifying. This trend, while increasing market pressure on PERP, also stimulates innovation and development across the industry, potentially bringing new opportunities and challenges for PERP.

From a technical perspective, the price of PERP has broken through previous resistance levels, showing strong upward momentum. On the fundamental side, the continuous innovation of Perpetual Protocol in the DeFi derivatives market and the expansion of its user base lay a solid foundation for its long-term development.

This message is not intended as investment advice; investors should be aware of market volatility risks.