Latest Perpetual Protocol (PERP) News Update

Deep Dive

1. Cryptopotato: PERP Falls 15% After Binance Delisting News bearish

"PERP fell by 15%... following delisting from Binance." – Cryptopotato (29 October 2025 04:45 PM UTC+0) View original post What this means: This is bearish for PERP because it confirms the immediate negative price impact of losing a top-tier exchange listing, which reduces accessibility and investor confidence.

2. XT.COM: Delisting Damages Liquidity and Reputation bearish

"Delisting typically decreases liquidity, reduces visibility, and damages reputation, causing price drops." – XT.COM (30 October 2025 12:00 AM UTC+0) View original post What this means: This is bearish for PERP as it underscores the long-term headwinds from the delisting, extending beyond the initial price drop to ongoing challenges in market depth and project credibility.

3. Cryptonewsland: Earlier High Social Engagement Contrasts Current State mixed

"Perpetual Protocol completed the top five with stable network activity and high trader interest..." – Cryptonewsland (10 July 2025 11:13 PM UTC+0) View original post What this means: This is neutral for PERP, as it highlights historically strong community metrics, but this data is from July 2025 and is starkly at odds with the negative sentiment driven by the Q4 2025 delisting.

Conclusion

The consensus on PERP is bearish, centered on the significant loss of exchange support and its damaging effect on price and liquidity. The dominant narrative has shifted from earlier positive social metrics to managing the aftermath of the Binance delisting. Watch for any recovery in trading volume on decentralized exchanges as a potential sign of adapting liquidity.

Deep Dive

1. Bitget Delists PERP/USDT Pair (30 January 2026)

Overview: Bitget announced the delisting of the PERP/USDT spot trading pair, effective 6 February 2026. The decision followed a standard review evaluating trading volume, liquidity, and project development. The exchange has already suspended deposits and will remove PERP from copy trading and spot trading bots. Withdrawals will remain available until 6 May 2026. What this means: This is bearish for PERP because it reduces liquidity and accessibility on a major centralized exchange, potentially increasing volatility and making it harder for users to trade. It reflects the exchange's assessment of the token's current market performance. (Bitget)

2. Binance Fully Delisted PERP (12 November 2025)

Overview: In late October 2025, Binance announced the full delisting of Perpetual Protocol (PERP), alongside Flamingo (FLM) and Kadena (KDA). All spot trading ended on 12 November 2025, with withdrawals supported until 12 January 2026. The announcement caused an immediate 14-18% price drop for PERP as traders reacted to the loss of a primary liquidity venue. What this means: This was a major bearish event, severely impacting PERP's liquidity and visibility. The delisting from the world's largest exchange often signals reduced institutional confidence and can lead to prolonged selling pressure as holders seek alternative venues. (Cryptopotato)

Conclusion

PERP's recent narrative is dominated by contracting exchange support, with Bitget's latest delisting following Binance's major exit months prior. This trajectory challenges its liquidity but also tests the resilience of its underlying decentralized protocol. Will the project's utility and community engagement be enough to sustain value as centralized access points diminish?

Deep Dive

1. Bitget Spot Delisting (6 February 2026)

Overview: This is not a protocol development milestone but an exchange action. Bitget will delist the PERP/USDT spot trading pair on 6 February 2026 at 10:00 UTC (Bitget). Deposit services are already suspended, but withdrawals will remain open until 6 May 2026. This follows similar delistings from Binance, OKX SG, and other exchanges in late 2025, which have already occurred.

What this means: This is bearish for PERP because it further reduces liquidity and easy access for traders on a major centralized exchange, potentially increasing volatility and selling pressure. It reflects continued regulatory and compliance scrutiny impacting the token's market presence.

2. No Official Roadmap Found

Overview: The official Perpetual Protocol documentation states its V1/V2 roadmap content is "not maintained" and was last updated over a year ago (Roadmap | Perp v1). The provided news and data contain no announcements regarding new protocol upgrades, features, or strategic initiatives from the team. The protocol's current interface also mentions "sunsetting" older versions to "pave the way for a reimagined future," but no specific timeline or details are provided (PERP — Perpetual Protocol).

What this means: This is neutral to bearish for PERP because the lack of a public, forward-looking development plan creates uncertainty about the project's direction and utility growth. Without clear upcoming milestones, it is challenging to assess long-term value drivers or catalyst potential for the token.

Conclusion

Perpetual Protocol's immediate future is defined by exchange delistings rather than protocol innovation, with no public roadmap to guide expectations. What evidence exists of renewed development activity or community governance?

Deep Dive

1. Sunset of v2 & New Roadmap (2025)

Overview: Perpetual Protocol announced the sunset of its v2 platform, Hot Tub, and Nekodex to prioritize a redesigned ecosystem under fresh leadership. This signals a strategic shift toward scalability and composability.

The move aims to resolve legacy issues like insurance fund drains and long-short skew imbalances from earlier vAMM models. Developers are deprecating outdated systems to allocate resources toward a modular, LP-driven dAMM architecture.

What this means: This is neutral for PERP in the short term due to potential migration disruptions but bullish long-term if the new model improves capital efficiency and attracts institutional liquidity. (Source)

2. Aster Chain Launch (October 2025)

Overview: The protocol unveiled plans for Aster Chain, a ZK-rollup Layer 1 tailored for high-frequency perpetual swaps, aiming to reduce fees and latency.

Built on BNB Chain, Aster Chain integrates zero-knowledge proofs to enable sub-second finality and over 10,000 TPS. It also supports cross-margin accounts and institutional-grade APIs.

What this means: This is bullish for PERP as it could capture market share from centralized exchanges by offering CEX-like performance with DeFi’s self-custody. However, adoption depends on liquidity migration. (Source)

3. Binance Delisting Adjustments (November 2025)

Overview: Following Binance’s delisting of PERP, the team prioritized DEX liquidity and wallet integrations to mitigate reduced centralized exchange access.

Updates included deeper Curve/Uniswap v4 pools and partnerships with cross-chain bridges like Socket.Dev. The protocol also accelerated fee burns to counter sell pressure from displaced Binance users.

What this means: This is bearish near-term due to liquidity fragmentation but neutralizes over time if decentralized volume offsets CEX losses. Traders should monitor PERP’s turnover ratio for stability signs. (Source)

Conclusion

Perpetual Protocol is navigating a pivotal transition—sunsetting legacy tech for scalable infrastructure while adapting to post-Binance market dynamics. The success of Aster Chain and decentralized liquidity initiatives will determine whether PERP regains momentum. How quickly can the protocol onboard quant firms and arbitrage bots to its new Layer 1?