Perpetual Protocol (PERP) open interest surges as price defies gravity

Perpetual Protocol has emerged as the best-performing cryptocurrency this week. PERP, its token, surged to a high of $1.2296, the highest level since February this year. In all, the token has jumped by more than 210% from the lowest level this month. It is not clear why Perpetual Protocol's token has surged this week.

Timeline of Perpetual-protocol