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Variational Completes $50M Series A Overnight Led by Dragonfly Capital

GateNews

According to Variational, the perpetual DEX completed a $50 million Series A funding round led by Dragonfly Capital on May 20.

According to DefiLlama data, Variational's open interest exceeds $800 million, ranking fourth among all perpetual DEX platforms. Notably, among the top five perpetual DEX protocols by open interest, Variational is the only one that has not yet launched its own token.

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