The amount of open positions in Variational exceeds $800 million, ranking first among Perp DEX projects that have not issued tokens.

Odaily Planet Daily News reports that, according to DefiLlama data, Variational's open interest contracts exceed $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 issued a token.

Earlier, it was announced that last night, Variational completed a $50 million Series A funding round led by Dragonfly Capital.

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