Variational
Stub active Updated May 21, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
About
Variational is a peer-to-peer on-chain derivatives trading protocol on Arbitrum that has processed $200B+ in trading volume and powers Omni, a zero-fee trading platform aggregating liquidity from on-chain and traditional markets 123. The ~$50M Series A announced May 20, 2026 was led by Dragonfly with participation from Bain Capital Crypto, Coinbase Ventures, and other strategic investors; the round coincided with the launch of the protocol’s first Real-World Asset (RWA) markets 123.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-05-20 | Series A | ~$50M | Dragonfly | Bain Capital Crypto, Coinbase Ventures 123 |
What Investors Say
No independently sourced investor quotes found at this time.
What Founders Say
No independently sourced founder quotes found at this time.
Sources
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BusinessWire (via Morningstar), “Variational Secures ~$50M to Bring Liquidity from Traditional Markets To Crypto,” May 20, 2026. Accessed May 2026. https://www.morningstar.com/news/business-wire/20260520402312/variational-secures-50m-to-bring-liquidity-from-traditional-markets-to-crypto↩↩↩
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Blockonomi, “Dragonfly Leads $50M Round for Arbitrum Platform Variational,” May 2026. Accessed May 2026. https://blockonomi.com/dragonfly-leads-50m-round-for-arbitrum-platform-variational/↩↩↩
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Phemex News, “Variational Raises $50M in Series A Led by Dragonfly Capital,” May 2026. Accessed May 2026. https://phemex.com/news/article/variational-secures-50m-in-series-a-funding-led-by-dragonfly-capital-83664↩↩↩