#Varia has launched a second effort
Post
--
律动BlockBeats
·
--
How does Variational, produced by Columbia University, generate revenue with zero fees?
While most perp DEX are trying to create products that are faster and cheaper than Hyperliquid, Variational has taken a different approach, designing a completely different business model. They did not choose to engage in an arms race over speed and rates, but fundamentally rethought the question of 'how should perpetual contract trading platforms operate.'
From CEX to DEX, whether it's spot or contract, the way traditional trading platforms make money is very straightforward - by charging fees. Binance charges 0.1%, Hyperliquid charges 0.025%, which seems to have become an industry rule. But Variational has achieved true zero fees, and their income is quite substantial. Their OLP achieved an annualized return of over 300% from April to July 2025, with a cumulative transaction volume exceeding 1.2 billion USD. What is the reason behind this?
From CEX to DEX, whether it's spot or contract, the way traditional trading platforms make money is very straightforward - by charging fees. Binance charges 0.1%, Hyperliquid charges 0.025%, which seems to have become an industry rule. But Variational has achieved true zero fees, and their income is quite substantial. Their OLP achieved an annualized return of over 300% from April to July 2025, with a cumulative transaction volume exceeding 1.2 billion USD. What is the reason behind this?
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.