Arbitrum perps just hit a new ATH in September — $65.1B monthly volume, with the two biggest weeks ever recorded.

Q3 pulled $132B total. 86% of that came from Variational.

Variational is basically carrying $ARB perps on its back right now. If you're not watching this protocol, you're missing where the real liquidity is flowing.

Bullish signal for Arbitrum L2 dominance heading into Q4.