High FDVs Fuel DeFi Growth

The perpetual trading tokens market now gives you several choices with impressive fully diluted valuations (FDVs), which shows a rising influence within DeFi tokens.

For those who need a quick grasp, perpetual contracts essentially let traders hold positions with no time limit and these are what drive many crypto projects. These tokens now draw more interest for their liquidity, fresh ideas, and unique methods.

Hyperliquid (HYPE) Among Top Perpetual Trading Tokens

Hyperliquid (HYPE) showed a fully diluted valuation of $14.3 billion. The token rose 10.62% in the last 24 hours, traded at $15.17, and recorded a 24-hour volume above $170 million. This jump suggests more interest and stronger adoption, making it a key player among perpetual trading tokens.

Jupiter (JUP) and dYdX (DYDX) Push DeFi Tokens Higher

Also close by, Jupiter (JUP) held an FDV of $11.1 billion. The token’s price grew 13.23% in the last 24 hours, reached $1.15, and saw trading volume top $293 million. Jupiter’s steady run shows a solid spot in this market.

dYdX (DYDX) still stands out, holding an FDV of $1.97 billion. It hit $2.09, up 7.57% in the last 24 hours, and rose steadily.

ApeX Protocol and Drift Protocol: Rising Crypto Projects

ApeX Protocol (APEX) and Drift Protocol (DRIFT) showed strong moves. ApeX held an FDV of $1.83 billion, and its price rose 11.63% to $1.86 in the last 24 hours.

Drift Protocol, at $1.31, jumped 9.21%, pushing its FDV to $1.26 billion. These projects earn more notice for their strong platforms and new methods that shape perpetual contracts.

Mid-Tier Contenders Show Fully Diluted Valuations Growth

APX Finance (APX) and WOO Network (WOO) stand as other notable names among perpetual tokens. APX, with an FDV of $1.17 billion, rose 9.54% and reached $0.12. Its trading volume hit $4.1 million.

Also, WOO Network, valued at $845 million, saw a 9.93% gain and raised its price to $0.30. Its 24-hour volume reached about $40 million.

Smaller Names Add Liquidity in Perpetual Markets: SynFutures, GMX, Aevo

SynFutures ($F) is another interesting token with a valuation of $716 million. It has gained 3.73% in the last 24 hours, with a price of $0.078 and a trading volume of $66 million.

GMX (GMX) and Aevo (AEVO) are also rising stars. GMX’s FDV is $498 million, with a price of $39.24 after a 12.71% increase. Aevo, with a valuation of $469 million, has surged 13.90%, reaching $0.50.