Ask about Perpetual Protocol · freePerpetual Protocol(PERP)
Total Value Locked$435,926
TVL by Chain
OP Mainnet$435,926
Key Metrics
Fees 30d$0
Fees 30d by chain
OP Mainnet$0
Fees 7d$0
OP Mainnet$0
Fees 24h$0
OP Mainnet$0
Cumulative Fees$9.2m
OP Mainnet$9.2m
Revenue 30d$0
Revenue 30d by chain
OP Mainnet$0
Revenue 7d$0
OP Mainnet$0
Revenue 24h$0
OP Mainnet$0
Cumulative Revenue$1.84m
OP Mainnet$1.84m
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$463
Earnings 30d$0
Earnings 7d$0
Earnings 24h$0
Cumulative Earnings$1.84m
Market Cap$2.64m
$PERP Price$0.02
Fully Diluted Valuation$3m
Outstanding FDV$3m
$PERP Volume 24h$25,593
CEX Volume$28,506
DEX Volume$256.57(1% of total)
Staked$19,226(0.73% of mcap)
Treasury$0.01
Majors$0
Stablecoins$0.0085
Own Tokens$0
Others$0.0018
Protocol Information
Decentralized Perpetual Contracts for Every Asset.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: All trading fees collected from perpetual contract position changesView code on GitHubRevenue: 20% of trading fees allocated to the protocol treasuryView code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Treasury: Value of tokens owned by the protocolCompetitors
Perpetual Protocol history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Dec 18, 2021 to Oct 18, 2026.
All-time high TVL: $41.68m on Apr 16, 2022. All-time low TVL: $36,283 on Aug 13, 2026.
Daily TVL, Sep 19, 2026 to Oct 18, 2026
| Date | TVL |
|---|---|
| Sep 19, 2026 | $440,543 |
| Sep 20, 2026 | $440,653 |
| Sep 21, 2026 | $440,896 |
| Sep 22, 2026 | $443,481 |
| Sep 23, 2026 | $443,156 |
| Sep 24, 2026 | $441,773 |
| Sep 25, 2026 | $441,757 |
| Sep 26, 2026 | $441,839 |
| Sep 27, 2026 | $441,771 |
| Sep 28, 2026 | $441,921 |
| Sep 29, 2026 | $441,684 |
| Sep 30, 2026 | $441,572 |
| Oct 1, 2026 | $441,555 |
| Oct 2, 2026 | $441,926 |
| Oct 3, 2026 | $441,220 |
| Oct 4, 2026 | $441,596 |
| Oct 5, 2026 | $442,006 |
| Oct 6, 2026 | $441,719 |
| Oct 7, 2026 | $441,399 |
| Oct 8, 2026 | $438,868 |
| Oct 9, 2026 | $436,968 |
| Oct 10, 2026 | $437,310 |
| Oct 11, 2026 | $437,688 |
| Oct 12, 2026 | $438,404 |
| Oct 13, 2026 | $435,991 |
| Oct 14, 2026 | $437,540 |
| Oct 15, 2026 | $435,958 |
| Oct 16, 2026 | $436,254 |
| Oct 17, 2026 | $435,926 |
| Oct 18, 2026 | $435,484 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $3.47m |
| Dec 31, 2024 | $3.33m |
| Jan 31, 2025 | $3.32m |
| Feb 28, 2025 | $3.19m |
| Mar 31, 2025 | $3.03m |
| Apr 30, 2025 | $2.94m |
| May 31, 2025 | $2.93m |
| Jun 30, 2025 | $2.93m |
| Jul 31, 2025 | $2.95m |
| Aug 31, 2025 | $2.77m |
| Sep 30, 2025 | $2.75m |
| Oct 31, 2025 | $2.65m |
| Nov 30, 2025 | $2.53m |
| Dec 31, 2025 | $2.44m |
| Jan 31, 2026 | $458,558 |
| Feb 28, 2026 | $441,584 |
| Mar 31, 2026 | $443,780 |
| Apr 30, 2026 | $436,734 |
| May 31, 2026 | $431,703 |
| Jun 30, 2026 | $423,513 |
| Jul 31, 2026 | $429,527 |
| Aug 31, 2026 | $438,656 |
| Sep 30, 2026 | $441,572 |
| Oct 18, 2026 (latest) | $435,484 |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $7.37m |
| Dec 31, 2022 | $17.28m |
| Dec 31, 2023 | $8.48m |
| Dec 31, 2024 | $3.33m |
| Dec 31, 2025 | $2.44m |
Fees and revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Nov 2024 | $8,123 | $1,623 |
| Dec 2024 | $9,333 | $1,866 |
| Jan 2025 | $4,388 | $878 |
| Feb 2025 | $4,275 | $854 |
| Mar 2025 | $3,015 | $603 |
| Apr 2025 | $3,974 | $795 |
| May 2025 | $1,680 | $334 |
| Jun 2025 | $940 | $185 |
| Jul 2025 | $1,732 | $344 |
| Aug 2025 | $1,351 | $269 |
| Sep 2025 | $1,120 | $225 |
| Oct 2025 | $1,389 | $277 |
| Nov 2025 | $1,150 | $233 |
| Dec 2025 | $575 | $113 |
| Jan 2026 | $0 | $0 |
| Feb 2026 | $0 | $0 |
| Mar 2026 | $0 | $0 |
| Apr 2026 | $0 | $0 |
| May 2026 | $0 | $0 |
| Jun 2026 | $0 | $0 |
| Jul 2026 | $0 | $0 |
| Aug 2026 | $0 | $0 |
| Sep 2026 | $0 | $0 |
| Oct 2026 (to date) | $0 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/perpetual-protocol
Frequently asked questions
What is Perpetual Protocol's TVL?
As of Oct 18, 2026, Perpetual Protocol has $435,926 in total value locked. TVL has decreased 0.3% over the past 30 days.
What chains does Perpetual Protocol operate on?
Perpetual Protocol operates on OP Mainnet. OP Mainnet holds the largest share at 100%.
How much has Perpetual Protocol generated in fees and revenue?
Over the past 30 days, Perpetual Protocol generated $0 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $2,316 in fees and $463 in revenue.
What is the PERP token price and valuation?
PERP is currently trading at $0.02. Its circulating market capitalization is $2.64m, ranking it #2,510. Its fully diluted valuation is $3m. Supply currently stands at 132.15m circulating, 150m total supply, 150m maximum supply.
How has PERP performed recently?
PERP is down 4.8% over the past 7 days and down 0.9% over the past 30 days. Its all-time high is $24.40, reached on Aug 30, 2021. The token is currently 99.9% below that level.
How does Perpetual Protocol's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Perpetual Protocol ranks #67 by TVL. The category holds $1.964b across 424 protocols, and Perpetual Protocol accounts for <0.1% of that total. Other leading protocols include Aevo Perps, Contango V2, MUX Perps, ApeX Pro, Derive V2, Vest Markets, Pika, Lynx, Pika V4, and Jarvis Network.
Does Perpetual Protocol have a treasury?
Perpetual Protocol has a tracked treasury currently valued at $0.01. Its holdings include $0.0085 in stablecoins, $0.0018 in other assets.