Variational's open interest exceeds $800 million, ranking first among Perp DEX projects that have not yet issued tokens

According to DefiLlama data, Variational's open interest exceeds $800 million, ranking fourth in the Perp DEX sector. Notably, among the top five Perp DEXs by open interest, Variational is the only platform that has not yet issued a token.

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