How much funding has Perpetual Protocol raised?

Perpetual Protocol has raised $1.8M in total funding, most recently a Seed round.

Who are Perpetual Protocol's investors?

Perpetual Protocol's investors include Hack VC, Zee Prime Capital, Cms Holdings.

When was Perpetual Protocol founded?

Perpetual Protocol was founded in 2019.

What industry is Perpetual Protocol in?

Perpetual Protocol operates in Crypto & Web3.

How many employees does Perpetual Protocol have?

Perpetual Protocol has 11-50 employees.

Perpetual Protocol

Democratizing perpetual futures on-chain

Founded 2019 · $1.8M raised

Crypto & Web3

Employees: 11–50
Founded: 2019
Business Model: Marketplace
Website: perp.exchange

Total Funding: $1.8M
Last Round: $1.8M SeedAug 2020
Rounds: 1

About

Perpetual Protocol is a decentralized exchange (DEX) specializing in perpetual futures contracts, built on Ethereum and Optimism Layer 2. Founded in 2019 in Taiwan by co-founders Yenwen Feng and Shao-Kang Lee, the protocol launched in December 2020 and became one of the leading on-chain perpetuals venues. It uses a virtual automated market maker (vAMM) model enabling traders to take leveraged positions on cryptocurrency pairs without traditional intermediaries, collateralized in USDC. Version 2 (Curie) introduced concentrated liquidity for derivatives. The protocol's native governance token is PERP. Note: perp.exchange wound down v2 operations in early 2025; users were advised to withdraw by January 2025.

Summary

Perpetual Protocol is a Crypto & Web3 company, founded in 2019. It has raised $1.8M in total across 1 round, most recently a $1.8M Seed round in Aug 2020. Investors include Hack VC, Zee Prime Capital and Cms Holdings.

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