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Perpetual Protocol Review 2024

Our veredict

Perpetual Protocol is a decentralized platform designed for trading perpetual contracts with leverage of up to 20x. This protocol stands out for its use of a virtual automated market maker (vAMM) to provide liquidity without the need for traditional counterparties, which ensures high liquidity and market neutrality. The platform has been audited by notable firms like Peckshield and ConsenSys, adding a layer of security and trust for users.

Despite its strengths, such as low trading fees and fast settlements, Perpetual Protocol is not available to users from several countries, including the United States, which can limit its accessibility. Additionally, as a decentralized exchange (DEX), it does not support fiat deposits, requiring users to already hold cryptocurrencies to begin trading. This makes it less beginner-friendly compared to other platforms that accept fiat.

Pros

Low Trading Fees: Perpetual Protocol charges only 0.10% per transaction, which is highly competitive and attractive for frequent traders.
Non-Custodial Security: Users retain control over their assets at all times, reducing the risk of hacks and misuse of funds, as the platform follows a non-custodial design.
High Liquidity: The platform’s vAMM ensures that trades are always matched without the need for a counterparty, maintaining high liquidity and market neutrality.

Cons

3,5

Threenvest Score

Network

Arbitrum

Fees

0.10%

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Why choose Perpetual Protocol?

Perpetual Protocol offers a robust platform for those looking to engage in high-leverage derivatives trading. Its use of a virtual automated market maker (vAMM) ensures high liquidity and market neutrality, making it an attractive choice for experienced traders. The platform supports a variety of assets, from cryptocurrencies to gold, providing ample opportunities for diversified trading.

One of the standout features of Perpetual Protocol is its low trading fees, which are highly competitive in the industry. This makes it cost-effective for frequent traders. Additionally, the platform’s non-custodial nature ensures that users retain control over their assets at all times, adding an extra layer of security against potential hacks.

Despite some restrictions on users from certain countries and the requirement to already hold cryptocurrencies for trading, Perpetual Protocol remains a strong contender in the decentralized exchange space. Its security measures, including audits by reputable firms and insurance coverage, provide peace of mind for users, making it a reliable option for trading perpetual contracts.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert in cryptocurrency trading, I highly recommend Perpetual Protocol for those looking to trade perpetual contracts with leverage. The platform’s innovative use of a virtual automated market maker (vAMM) ensures excellent liquidity and market neutrality. With low trading fees, high security measures, and non-custodial asset management, it provides a reliable and efficient trading environment. However, remember to verify if your country is eligible to use the platform due to some geographic restrictions.

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We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

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Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.