Ask about VariationalKey Metrics
Perp Volume 30d$22.939b
Perp Volume 30d by chain
Arbitrum$22.939b
Perp Volume 7d$7.498b
Arbitrum$7.498b
Perp Volume 24h$1.412b
Arbitrum$1.412b
Cumulative Perp Volume$139.142b
Arbitrum$139.142b
Open Interest$863m
Total Raised$61.8m
Oct 23, 2024$10.3mRound: SeedInvestors: Bain Capital Crypto, Peak XV Partners, Coinbase Ventures, Hack VC, Dragonfly Capital, North Island Ventures
Jun 4, 2025$1.5mRound: Investors: Mirana Ventures, Caladan, Zoku Ventures
May 20, 2026$50mRound: Series AInvestors: Dragonfly Capital, Coinbase Ventures, Bain Capital Crypto
Protocol Information
Variational is a protocol that provides infrastructure for peer-to-peer trading, clearing, and settlement of perpetuals and generalized derivatives. The Variational Protocol enables safe and efficient bilateral trading of options, futures, perpetuals, exotics, and more. Multiple apps have been built on the Variational Protocol, including Omni for perpetuals trading and Pro for institutions to trade customizable OTC derivatives.