Perpetual Protocol raised $1 M in a new round of funding on 2020-08-24.

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According to media reports, Perpetual Protocol raised $1 M in a new round of funding on 2020-08-24. the investors in this funding round include Multicoin Capital,CMS Holdings,Three Arrows Capital,Alameda Research and others. Following this round, Perpetual Protocol has raised a total of $1 M, bringing its latest valuation to $12 M.
Perpetual Protocol is a decentralized protocol for perpetual contracts on any asset, powered by a Virtual Automated Market Maker (vAMM). The project aims to create new financial instruments by democratizing futures and other crypto-asset derivatives. Thanks to its virtual AMM (vAMM) design, the protocol is capable of supporting 20x leverage, short positions, and lower slippage compared to other AMMs.

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PERP Fundraising History
RoundAmountValuationTimeInvestor(s)
--$1 M$12 M2020-08-24Multicoin Capital,CMS Holdings,Three Arrows Capital,Alameda Research
Key Milestones
  • 2021-08-09
    Perpetual raise $30 million for its Ecosystem Fund
  • 2020-12-16
    Perpetual Protocol was live on mainnet
  • 2020-09
    $PERP was live for trading
  • 2020-08-25
    Perpetual Protocol raised $ 1.8 M in funding round
24-Hour High
$0.2677
24-Hour Volume
$69.27K
All-Time High
$24.40
All-Time Low
$0.1655
Market Cap / FDV
48.41%
FDV
$40.06M
24-Hour Low
$0.2541
Market Cap
$40.06M
Circulating Supply
72.60M PERP
Total Supply
150.00M PERP
Max Supply
150.00M PERP
Market Sentiment
Positive
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