Variational raises $50M in a Series A Round led by Dragonfly

Top 7 | Tech, AI & Crypto Analytics (@top7ico), May 20, 2026, 14:01 UTC

Variational raises $50M in a Series A Round led by Dragonfly Fresh $50M Series A funding round led by Dragonfly Capital, with participation from Bain Capital Crypto and Coinbase Ventures. Total raised now stands at $60.3M. Variational is a perp DEX built on Arbitrum, uses an RFQ model instead of a traditional orderbook - sourcing liquidity from a professional Omni Liquidity Provider that offers zero trading fees. 25% of $VAR tokens can be allocated to the airdrop: distributed across multiple community programs based on cumulative trading volume, OLP deposits, and engagement. Get 12% Points…

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