Disclosure: Delphi has an active consulting engagement with Perpetual Protocol and members of our team hold the PERP token. Delphi Ventures has also invested in dydx and MCDEX. This statement is intended to disclose any conflict of interest and should not be misconstrued as a recommendation to purchase any token. This content is for informational purposes only, and you should not make decisions based solely on it. This is not investment advice.

To put it bluntly, Perpetual Protocol v1 has been a massive success. Since it launched in December, the platform has facilitated $20B in total trading volume and generated $20M in protocol earnings. 

To put this level of traction into perspective, Perpetual Protocol is currently the largest decentralized perps exchange by trading volume, attaining an 83% market share since the beginning of June. 

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