Perpetual Protocol, a decentralized perpetual futures exchange, has moved to Ethereum’s Layer 2 Optimistic roll-up scaling solution Optimism in its latest effort to provide the best-decentralized derivatives trading experience in crypto.
The launch of Perpetual Protocol v2 (dubbed Curie) to Optimism Mainnet reduces the cost required to place a trade and speeds up trade execution, all while relying on the battle-tested security and decentralization of the Ethereum network.
During the testnet launch, close to 3,000 traders generated 480 million in trading volume over the 7 day competition period. Trade slippage had a 900% improvement over Perpetual Protocol v1 and users also experienced a 4,600% decrease in cost associated with opening a position on Perpetual Protocol v2 versus if it was on Ethereum Mainnet.
“Perpetual Protocol has generated over 33 billion trading volume on the xDai Chain. However, we notice our previous scaling solution would not be able to provide the hi
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