Market Expectations for Upcoming Perp DEX Listings

Rickler Feed (@rickler_feed), Apr 20, 2026, 18:10 UTC

Market Expectations for Upcoming Perp DEX Listings Polymarket is actively pricing pre-TGE perp DEXs – and here's what the market expects from each. • Variational – 47% chance of launching above $300M FDV (OTC: $10–$14) RFQ model instead of orderbook, built on Arbitrum. Backed by Bain Capital, Coinbase Ventures, Dragonfly ($11.8M raised). 50% of $VAR will go to community. Zero trading fees, loss refund program and the biggest number of trading pairs make difference. • Extended – 39% chance of launching above $300M FDV (OTC: $2–$5) Ex-Revolut crypto team, built on Starknet. Offers TradFi pai…

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