Bluefin has officially launched a new Persistent Futures (PERPS) trading platform with its SUI network, Bluefin Pro. The Bluefin Perps beta service has ended with a 648-day service, over 118,000 accounts and a cumulative trading volume of over $55 billion. Bluefin Governance Proposal 2 (BGP-2) manages this migration and sets a timeline for the migration in stages.
1/The big transition is here. Bluefin has developed PERPS trading with @Suinetwork, and for the past 648 days, Bluefin Perps Beta has processed more than $55 billion in trading volumes.
With Bluefin Pro, I am excited to showcase my completely rebuilt Perps Exchange and get Perps…pic.twitter.com/wcqg3tzsys
– Bluefin (@bluefinapp) July 3, 2025
On July 11th, the platform will begin deprecation of some of its assets, $sei, $apt, $tia, $pol, $avax, $arb, $trump, $deep, $blue, $send on send on beta Exchange. A second wave of registrations including $btc, $eth, $sol, $sui and $wal is scheduled for July 29th.
These are the main markets presented by Bluefin Pro, allowing traders to acquire existing positions through new interfaces. Open locations must be settled before each abolishment deadline is registered. Otherwise, it will automatically be priced at Oracle.
Early Access and Full Launch Schedule
The week of July 15th is being targeted as an early access release of Bluefin Pro. Three days later, after early access, the platform will be made public. Traders will be able to access the beta platform until July 29th, and Bluefin Beta will officially go to the sunset on July 31st.
The platform’s yield generation mechanism, Bluefin Vaults, is available during and after the migration, so users won’t miss out on staking rewards. The development team ensured that a comprehensive migration guide and frequently asked questions would be published before moving to assist all users.
Strategic Direction and Institutional Adoption
Bluefin is keen to develop advanced decentralized trading platforms. The new Bluefin Pro is set to take advantage of the institution’s growing appetite for a lasting future. Robinhood and Coinbase are just a few examples of companies that have implemented Perps as part of their product roadmap, further supporting the importance of this market segment.
The infrastructure provided by the SUI network can handle the volumes of global transactions. The Bluefin Pro deployment is intended to align with industry trends towards a fast-paced on-chain trading environment.