Perpetual Protocol emerges as sixth-largest DEX after just one month
Despite executing 179,000 transactions during its first month of operation, the xDai-powered Perpetual Protocol spent just $183 on gas fees. Perpetual Protocol, a DeFi project offering decentralized perpetual contracts using the layer-two Ethereum scaling solution xDai, has emerged as the sixth-largest DEX by weekly trade volume after operating for only one month.Based on data from Dune Analytics shared by Perpetual Protocol, the DEX’s weekly trade volume of more than $299 million would rank the project above the likes of Synthetix, dYdX, and Kyber, and below Balancer.The milestone was....
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The leading crypto derivatives exchange and trading platform, OKEx has further expanded its DeFi offering by adding few more tokens to its list of supported cryptocurrencies. The latest inclusion to the list is PERP – a native token of the Perpetual Protocol. Perpetual Protocol is a DeFi platform that allows users to create perpetual contracts […]
Newly launched DeFi derivatives platform Perpetual Protocol crosses open interest milestone in barely 24 hours. Perpetual Protocol, a new DeFi derivatives exchange, revealed that the platform had already crossed its $500,000 open interest (OI) cap for decentralized perpetual contracts. The announcement is coming less than 24 hours after the mainnet launch of the service on Wednesday.Following the achievement, the project has decided to double its OI limit to $1 million as well as the personal position cap for Bitcoin (BTC) and Ether (ETH) trading pairs. The limit was introduced to limit....
XRP has entered the final stretch of April with one of its strongest on-chain accumulation signals of the year. Data from Santiment shows that 34.94 million XRP left exchanges in a single 24-hour period on April 24, making it the sixth-largest exchange outflow day recorded so far in 2026. The move comes as XRP is […]
Solana moved closer to the $40.00 mark on Monday, as it rose for a sixth straight session to start the week. Bullish momentum in the world’s ninth largest cryptocurrency intensified, following a breakout of a resistance point of $36.35. Near protocol was also in the green, as prices rose by over 10% on Monday. Solana (SOL) Solana (SOL) climbed to a three-week high to start the week, as the token moved towards the $40.00 level Following a low of $34.48 on Sunday, SOL/USD was able to reach a peak of $38.15 so far in today’s session. Today’s rally comes as the toke rose....
While the blockchain network Solana’s native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after several months of “grind, hard work, debugging, building security guardrails.”
Solana Perpetual Swap Exchange Drift Reveals Mainnet Launch, Raises $3.8 Million
While centralized exchanges like Binance, FTX, Bybit, and Bitmex offer crypto-based perpetual swaps, decentralized....