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Variational Climbs Perps Rankings as Onchain US100 and Gold Swaps Surge

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The Story

News Summary

  • Onchain derivatives protocol Variational is gaining traction in private beta, generating over $1.59B in daily volume.
  • Its new RFQ-based swaps feature launched markets for gold (XAU) and Nasdaq-100 (US100), attracting substantial dealer-sourced liquidity and open interest without impacting underlying macro pricing.
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Stored market data

US100 price history

28945.06 +13.80% over the displayed period

Advisor Snapshot

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