DipCoin Perps

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DipCoin Perps is published as a versioned release inside the Dipcoin protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

DipCoin Perps is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Nov 6, 2025
   Listed on DeFiLlama
2. Oct 31, 2025
   Listed perpetual contracts for SOL, BNB, and XRP.
3. Oct 29, 2025
   Upgraded to Mainnet v1.1, introducing Take Profit/Stop Loss and margin management features.
4. Oct 16, 2025
   Listed perpetual contracts for BTC, ETH, and SUI.
5. Oct 15, 2025
   Launched the Perpetual Mainnet (v1.0).

DipCoin Perps is a Derivatives protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed on Sui. The codebase has been independently audited (1 report on file). DeFiLlama tracks 4 historical events for this protocol since 2025.

DipCoin Perps is a single-chain protocol, deployed exclusively on Sui — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (Pyth); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

Verified external resources for DipCoin Perps — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

DipCoin Perps is one of 7 Derivatives protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Jupiter Perpetual Exchange, Hyperliquid HLP, Drift Trade, and 3 more. These peer protocols collectively secure $2.3B in deposits, giving you a frame of reference for whether DipCoin Perps's own TVL is at the top, middle, or tail of the category.

Jupiter Perpetual Exchange

TVL $910.6M · 24h -0.27%

Hyperliquid HLP

TVL $431.7M · 24h +0.11%

Drift Trade

TVL $334.4M · 24h +0.22%

GMX V2 Perps

TVL $267.5M · 24h -0.08%

Extended

TVL $196.4M · 24h +0.06%

dYdX V4

TVL $125.3M · 24h +0.58%