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

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ME News message: On May 21 (UTC+8), according to DefiLlama data, Variational’s open interest exceeded $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, last night, Variational announced the completion of a $50 million Series A funding round, led by Dragonfly Capital. (Source: ODAILY)
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