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  1. Variational Protocol

    Variational aggregates liquidity to offer industry-leading depth on crypto, equities, commodities, and more.

  2. Variational predicts RWA perpetuals will soon be the biggest contract ...

    May 21, 2026 · Variational, a peer-to-peer onchain derivatives trading protocol, said it raised $50 million in a round led by global investment fund Dragonfy with participation from companies including Bain...

  3. Variational raises $50 million Series A to bring liquidity from ...

    May 20, 2026 · The latest example is Variational, a startup that has built a protocol for decentralized derivatives trading, but one that is aimed at gathering liquidity from traditional finance dealers rather...

  4. Arbitrum-Based Derivatives Protocol Variational Raises $50M to …

    May 21, 2026 · Variational secures $50M to expand its Arbitrum-based derivatives platform, launching commodity trading and planning over 100 TradFi markets with zero fees and institutional liquidity.

  5. Variational Secures ~$50M to Bring Liquidity from Traditional Markets ...

    May 20, 2026 · Variational is a peer-to-peer trading protocol for perpetuals and generalized derivatives that has processed $200B+ in trading volume. Variational powers Omni, a zero-fee trading platform …

  6. Variational Secures ~$50M to Bring Liquidity from ... - Morningstar

    May 20, 2026 · Already powering $200B+ in crypto volume, Variational is using its zero-fee liquidity aggregation model to bring traditional markets on-chain. Variational, a protocol for on-chain …

  7. Variational Raises $50M to Expand Real-World Asset Perpetual …

    May 21, 2026 · Variational, a decentralized derivatives trading platform focused on peer-to-peer crypto markets, has secured $50 million in a Series A funding round led by Dragonfly, with participation …

  8. Variational funding backs real-world perps — Arabian Post

    May 22, 2026 · Variational has raised about $50 million in a Series A round led by Dragonfly, giving the peer-to-peer derivatives startup fresh capital to expand perpetual futures tied to real-world assets …

  9. Variational Secures $50 Million in Funding: Why Dragonfly Is Doubling ...

    May 22, 2026 · Variational Raises $50 Million in Series A Funding Led by Dragonfly: In-Depth Analysis of How This Protocol Is Reshaping the On-Chain Derivatives Landscape by Aggregating TradFi and …