According to Odaily, data from DefiLlama indicates that Variational's open interest has surpassed $800 million, placing it fourth in the Perp DEX sector. Notably, Variational is the only platform among the top five in open interest that has not yet issued a token.

Previously, it was reported that Variational announced the completion of a $50 million Series A funding round, led by Dragonfly Capital.