Alea Research: Variational Weekly Volume Hits Second Place, 32% of Tokens Allocated to Traders

On-chain perpetual contract platform Variational reached a weekly trading volume of $17.39 billion between September 21 and 25, ranking second only to Hyperliquid. The platform announced that 32% of its $VAR token supply will be airdropped to points holders and fully unlocked on the launch day in Q4. Additionally, the platform has shifted its buyback mechanism to allocate 100% of treasury revenue to buybacks, and index-based swaps now account for a significant portion of its trading volume.