POPA ReconVariational Crosses $1B in Open Interest After $50M Raise
Variational Crosses $1B in Open Interest After $50M Raise Fresh off a $50M round, Variational's open interest broke $1.01B - putting the RFQ-model perp DEX second only to TradeXYZ among all tokenless venues. The capital translated straight into the order book: deeper liquidity, bigger positions, and a clear vote of confidence from traders. It's part of a wider race among pre-token perp DEXs. TradeXYZ leads with $2.4B OI, while GRVT, Extended, and Antarctic round out the top five - all still pre-TGE, all worth farming before their tokens land. Get 12% Points boost with our limited Variationa…
The excerpt is quoted from a public Telegram channel, which owns its text.