Valuation under review
Verified inputs for value capture, token supply and future unlocks are incomplete. A numerical range is not published yet.
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Variational
A derivatives project. Missing TVL in this snapshot does not imply that collateral is zero.
Visit official website ↗Direct link. No affiliate code is currently attached.
Snapshot checked 2026-09-22 · Source: DefiLlama ↗ · combined protocol profile
Volume · 24h$3.77B
Volume · 7d$14.30B
Volume · 30d$42.55B
Open interest$893.64M
TVL—
Fees · 30d—
Revenue · 30d—
Holders revenue · 30d—
Token price—
Market cap—
FDV—
Baseline snapshot
A comparable prior-week snapshot is not available yet. Rank changes have not been calculated.
View the research log →What matters here
Compare open interest, execution quality and liquidity access; keep points economics separate from token valuation.
Team
Official biographies name Lucas Schuermann and Edward Yu. They previously founded Qu Capital, acquired by Digital Currency Group, and worked in engineering and quantitative roles at Genesis.
Primary source ↗Investors
A company announcement identifies a $10.3 million seed round led by Bain Capital Crypto and Peak XV, with Coinbase Ventures, Dragonfly, North Island and Hack VC participating. This is a historical round, not a current total.
Primary source ↗Unlocks
A VAR token launch appears on the roadmap. A roadmap item alone does not verify a live token, supply or vesting schedule.
Primary source ↗Utility
Omni’s points programme is described separately from the token roadmap. Points must not be priced as guaranteed redeemable tokens.
Primary source ↗Buyback
No verified live token-holder cash-flow mechanism is included in this edition.
Not verified in this editionListings
No token trading venue is verified here. The official product link leads to Omni.
Not verified in this editionWhat to compare next
Compare volume quality, fee economics, dilution and actual value reaching token holders. Affiliate payouts never affect rankings.
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