AlphaX
Variational is a zero-fee perp DEX built to beat “faster/cheaper than Hyperliquid” by using a one-account cross-margin system, broader market coverage, and market-maker liquidity; it launched private mainnet in early 2025, later added points/rewards, and now claims 450+ markets, $200B+ lifetime volume, and #4 by open interest
Updated daily at 1:00AM UTC
Updated daily at 1:00AM UTC
0% / 0%
430+
50x
Compare Variational against other leading Perp DEXs:
| Name | Coins | Max Leverage | Maker Fee | Taker Fee | # Chains | Chains | 24H Volume | 30D Volume | Website |
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