Published 25 Aug 2026, 16:27 UTC · fetched 3 Nov 2026, 10:55 UTC
Ignas
@DefiIgnas
Quoting · 25 Aug 2026, 15:10 UTC · context given to the AI
The Variational stats page powered by @EntropyAdvisors is now live. Metrics tracked include volume, OI, daily active accounts, treasury inflows, spreads over time, and more. https://t.co/LmT6jJuH8BVariational is doing $1.43b in open interest with 13k daily active accounts. That's $108k per user. In comparison: - Hyperliquid: $13.29b in OI /~101k daily users!! = $132k - Lighter: $1.12b / ~21k = ~$53k per user So Lighter traders carry half the size whether that's smaller accounts or less leverage. Also, Variational has 31% of OI in tradfi markets: equities, gold and indexes. While HIP-3 OI (which is mostly tradfi) is $3.74b against Hyperliquid's $13.29b total, so 28%. Again, very comparable! $LIT is trading $3.5b with less open interest. $VAR TGE is in q4, perfect timing as the market is rebounding. I bet it will surprise the traders with a juicy airdrop.View original on X ↗
Deterministic: the same prices and policy always give the same result
unscored Awaiting manual review
Only the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
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