RWA derivatives are aiming to take the spotlight from spot trading, with perpetual contracts becoming the main battlefield.

CoinWorld news: Variational predicts that RWA perpetual contracts will soon become the largest contract category in decentralized finance (DEFI), surpassing Bitcoin and Ethereum. The company raised $50 million in a financing round led by the global investment fund Dragonfly, with participants including Bain Capital Crypto and Coinbase Ventures. The funding will be used to expand the company’s derivatives trading services in the Cayman Islands. Variational said that since it was established in 2025, it has handled more than $200 billion in trading volume, and the new funds will help it directly channel liquidity from traditional markets over the coming months.