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Perpetual Protocol’s native token is currently trading around $0.28, almost flat day‑over‑day. Over recent months, the token has shown resilience: after surging ~75% in April 2025—from ~$0.18 to ~$0.80 on heightened trading volume—its price later retraced but has since stabilized in the $0.25–$0.30 range .
Key indicators show a moderate market cap near $20–21 million, with daily trading volumes between $15 million and $22 million . Platform metrics—such as on‑chain volumes, liquidity provision, and leveraged trading activity—remain healthy, which supports token value .
Recent DeFi tailwinds (including platform upgrades, new trading pairs, and broader crypto sentiment) have bolstered PERP’s appeal . However, volatility remains high—typical of DeFi tokens—and macro regulatory shifts could swing sentiment quickly.
Bottom line: is consolidating after April’s spike, backed by solid fundamentals. Watch upcoming DeFi roadmap developments, trading volume trends, and overall market sentiment—these will be key to its next breakout.