The perpetual trading tokens market has seen a surge in interest, with a plethora of choices boasting impressive fully diluted valuations (FDVs). Perpetual contracts allow traders to hold positions indefinitely, an attractive feature that has been a driving force behind the success of many crypto projects. The market’s attractiveness is further enhanced by the liquidity, innovative concepts, and unique approaches offered by the tokens.
Hyperliquid (HYPE) has emerged as a significant player in the perpetual trading tokens market, showcasing a fully diluted valuation of $14.3 billion. The token has seen a 10.62% rise in the last 24 hours, trading at $15.17, with a 24-hour volume exceeding $170 million. The token’s rise indicates a growing interest and wider adoption, solidifying its stand as a key player in this market.
Close on Hyperliquid’s heels are Jupiter (JUP) and dYdX (DYDX), both contributing to the upward trajectory of DeFi tokens. Jupiter has an FDV of $11.1 billion, with a 24-hour price increase of 13.23%, trading at $1.15 and a trading volume of $293 million. dYdX, although third in line, is still a token to watch, boasting an FDV of $1.97 billion, with a price of $2.09, up by 7.57% in the last 24 hours.
Rising crypto projects, ApeX Protocol (APEX) and Drift Protocol (DRIFT), are also making a mark in the perpetual contracts market. APEX has an FDV of $1.83 billion and has seen a price rise of 11.63% to $1.86 in the last 24 hours. Drift Protocol, priced at $1.31, has seen a 9.21% jump, pushing its FDV to $1.26 billion. Both projects are gaining attention for their robust platforms and innovative approaches to perpetual contracts.
Not to be left behind, APX Finance (APX) and WOO Network (WOO) are making their presence felt. APX has an FDV of $1.17 billion, with a price rise of 9.54%, reaching $0.12. WOO Network, valued at $845 million, has seen a 9.93% gain, raising its price to $0.30.
Smaller players such as SynFutures ($F), GMX (GMX), and Aevo (AEVO) are also contributing to the liquidity in the perpetual markets. SynFutures, with a valuation of $716 million, has gained 3.73% in the last 24 hours, with a price of $0.078. GMX and Aevo are also rising stars with FDVs of $498 million and $469 million, respectively, with Aevo seeing a 13.90% surge to reach $0.50.
The perpetual trading tokens market, with its diverse offerings and impressive valuations, continues to attract traders who are keen to explore and invest in innovative crypto projects.
