Variational 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.

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