invest1 publisher
Variational's $34bn perps month rests on one market maker's balance sheet
DefiLlama's tracker puts Variational's still-private Omni app third for daily perps volume, and every one of those trades is priced by the protocol's own liquidity provider, which keeps about a fifth of the spread it captures.
Publishers:bankless.com
Reality
- Evidence45
- Adoption60
- Hype gap+25
- Incentives65
- Confidence50