POPA ReconTokenless Perp DEXs: What Changed in 30 Days
Tokenless Perp DEXs: What Changed in 30 Days A month ago we compared the four biggest tokenless perp DEXs farming ahead of TGE. Since then, volumes cooled across the board - Variational dropped to $15.5B, Grvt to $38.7B, Extended to $9.33B, and Nado to $6.6B. TVL contracted across the board, with all four protocols losing between 4–17% over the month. But Open Interest tells a different story - it actually grew on three of the four. Variational OI jumped to $771M (+12%), Grvt to $517M (+13%), and Nadо to $124M (+13%). Get 12% Points boost with our limited Variational link 🔗 omni.variational…
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