As the market licks its wounds after yesterday’s pump & dump – there are several crypto-currencies that have bounced back, particularly in the area that combines finance, exchanges and crypto-currencies.

Such is the case with Perpetual Protocol’s $PERP, a decidedly sui generis MSA that provides – particularly for the more adventurous investors – a highly efficient brokerless marketplace for investing in bitcoin and many other cryptocurrencies.

Today, its benchmark token is one of the most profitable, and this will be the occasion for an initial presentation of the protocol and the cryptocurrency that enables it to function, namely $PERP.

What is Perpetual Protocol and why are investors so interested in it?

Perpetual Protocol is a protocol created to offer perpetual swap contracts, with the ability to apply leverage of up to 10x on different types of crypto-assets, starting with Bitcoin, Ethereum and other highly capitalised crypto-currencies.

This is reminiscent, at least in a sense, of what we’ve already seen with Uniswap, but with a decidedly more financial focus and with an audience that is not just made up of cryptocurrency enthusiasts, but more geared towards those who prefer to trade with very high leverage that is not allowed by official intermediaries.

Perpetual Protocol is also a favourite among speculators for very short-term trades on $PERP itself, which has been one of the most technical cryptocurrencies on the market for some time since its inception.

Perpetual Protocol has grown by leaps and bounds in recent months, greatly expanding its prospects as an ecosystem. Other pieces such as Perp Terminal, HAL, Apex Win and many others have entered the ecosystem, as announced by the official Twitter account of the protocol under development. This could make Perpetual Protocol not only a marketplace for perpetual swaps without the need for intermediation, but also a competitive interface with those who offer this type of service professionally.

Perpetual Protocol has had an excellent run. Since the announcement of the second version, codenamed Curie, last June, it has attracted even more attention from investors and speculators.

To what do we owe today’s boom?

In fact, it’s largely a recovery move after $PERP was one of the worst cryptocurrencies last week, again more due to speculative moves than actual protocol failures.

The recovery was not long in coming, not least because of the extreme health of decentralised finance protocols that deal with advanced trading tools.

What can we expect for the future of $PERP? It is now one of the top 100 companies in terms of capitalisation and, in our opinion, it is one of the companies to watch in the weeks and months to come. Indeed, Perpetual Protocol is already able to offer a very good ecosystem – one that is even growing and is already able to compete with the services of several professional platforms.

And with the huge demand for brokerless trading – we are confident that it will continue to gain interest among investors and also among speculators, who to date make up a significant proportion of daily traders on $PERP.