Perpetual Protocol

<ul><li>In the past 24 hours, the trading volume of the PERP U-based perpetual contract reached US$2.7 billion, setting a record high.</li><li>Reports reveal that the Perpetual Protocol Foundation has transferred 903,000 PERP worth approximately $691,000 to Binance as of September 6.</li><li>Buyers hold the upper hand in the PERP/USDT candlestick arrangement on the daily chart after a definite double bottom was formed in early September.</li></ul>According to <a href="https://www.coinglass.com/currencies/PERP" rel="noopener noreferrer nofollow">reports</a>  PERP, the native token of Perpetual Protocol has been one <a href="https://coinmarketcap.com/currencies/perpetual-protocol/" rel="noopener noreferrer nofollow">priced</a> of the best-performing assets over the past 48 hours. As of September 6, the token is at $1.05, roughly 130% up from August 2023 highs.Perpetual Protocol is a popular decentralized finance (DeFi) protocol that allows users to trade crypto perpetual futures with leverage trustlessly. Perpetuals are a type of derivatives products which have no expiry dates.In the last 24 hours of writing, the PERP U-based perpetual contract achieved a remarkable milestone with a trading volume of US$2.7 billion, marking a record high. This volume is second only to Bitcoin (BTC) and Ethereum (ETH) in the cryptocurrency market.The total value of positions held in PERP contracts surged by an impressive 130% to reach US$163 million, once again setting a record high. It must be noted that 77% of these positions are attributed to the Binance exchange.Read full article at <a href="https://cryptotale.org/perp-surges-as-perpetual-protocol-foundation-sends-tokens-to-binance/" rel="noopener noreferrer nofollow">CryptoTale .</a>

PERP Surges as Perpetual Protocol Foundation Sends Tokens to Binance

CryptoTale

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