Listed XMR (Monero) for trading on 2026-01-14.

A user aims to generate $2.5 billion or more in referred volume before the TGE occurs.

Recorded largest daily net inflow of nearly $11M USDC on January 5, 2026.

Plans to release TWAP and Scale Orders features in 2026.

A trader reported starting to trade on the platform with around 70k volume in directional trading, receiving 0.7 points from that activity.

Allocated 3 million retroactive points for user activity from January 29, 2025 until December 12, 2025.

The Loss Refund Wallet currently holds more funds than usual, creating an opportunity for traders to close losing positions with refunds.

Platform reports sub 5K daily active users with low competition currently.

Delta neutral strategies across the platform and HyENA net 30-40% yields on capital with 6x leverage over a 4-day profitable funding rate period, though traders expect the arbitrage edge to close as open interest increases. Capital inefficiency persists due to isolated margin requirements for HIP3 markets.

Traders urged to farm the platform ahead of Lighter's TGE scheduled in 2-3 weeks.

Points system is not yet live, with traders awaiting its launch to measure and optimize farming activities.

A trader projects 100M trading volume in December and attributes positive PnL to the platform's zero-fee structure which benefits high-frequency trading strategies.

Platform shows BTC open interest averaging 2-5% while competitor HyENA reports 10-30%, with traders deploying leveraged delta neutral positions to test funding rate arbitrage.

Open Interest reaches 322M with Volume to OI ratio of 3.60, positioned ahead of Extended and Pacifica but behind Paradex in comparative metrics.

Rumours circulate about potential integration with Nomina platform, which currently integrates Hyperliquid, Extended, and Lighter.

Platform reports 11M in volume over past week with $400 USD distributed in loss refunds to users.

Partnership with Panda Land grants members +15% points boost for farming on the platform.

Token Generation Event planned for Q2-Q3 2026 with 6+ months remaining to farm points and upcoming 10% bonus points structure not yet released.

Trading volume distribution shows BTC and ETH pairs dominate with over 90% of total volume on the platform.

Platform has distributed over $1m in referral rewards directly in stablecoins to users.

Platform operates with zero fees structure and introduces new invite code OMNIDON offering boosted loss refunds and early points farming access.

Platform receives A tier ranking in perpetual DEX tier list, positioned below S tier exchanges HyperliquidX and edgeX but above B tier competitors including GMX and Pacifica.

Market analyst places the project in the highest FDV prediction tier at $2B+, ranking it above other tokenless perpetual DEXs including Paradex ($1B+) and Pacifica ($500M+).

Token Generation Event set for H2 2026, while points program goes live before end of year with activity tracking already active. Platform maintains consistent 24h trading volume exceeding $1b and has distributed over $2m in cumulative loss refunds.

Platform ranks in top 7 DEXs by volume and open interest during closed beta. OLP pool and vault are set to launch soon while APIs remain inactive.

Points program scheduled for Q4 2025 launch without pre-announcement or advance notice, with new invite code OMNITDG providing Bronze rank and increased loss refund eligibility for 90 days.

Variational is under consideration for integration with Tread_fi's multi-DEX trading terminal and market making bot platform, with community voting determining future exchange integrations.

New promotional code OMNIDON is available for early participation in the points program.

Platform reports $40B cumulative trading volume and $69M+ TVL, offering 500+ markets with up to 50x leverage and zero-fee trading.

Platform achieves $320M in trading volume and $150K+ fee savings over 2 months, while promotional code OMNIFROG provides Silver rank status and 25% loss refund boost to new signups for 90 days.

Platform partners with Panda Land trading community to offer enhanced point boosts to their members, with details visible once points launch.

Points program launches in December. Users report receiving $7,638 in referral rewards and $400 in loss refunds from active reward mechanisms.

Referral rewards and revenue sharing are now active. OLP deposits and points program launch is imminent, with platform reaching approximately 8000 active users.

Platform airdrop allocates 30% of tokens over an 18-month campaign period, with farming economics projecting 10x returns on losses and $600 per million volume at 1B FDV.

Enhanced referral system grants Silver tier upgrades for 90 days and provides retroactive upgrades to previous referral users. Isolated margin trading remains unavailable on the platform.

Public launch identified as an upcoming key update and potential major liquidity event.

Platform currently lacks API support, preventing integration with third-party automated trading bot systems like EVFARM v2.

Platform offers 50x leverage trading on various tokens and remains invite-only with access code OMNIDON.

TGE expected in 3-5 months with 10% points bonus and bronze tier boost available for farming.

Platform achieves $2.6b all-time high in 24-hour trading volume. TVL doubles from $33m to $61m, Open Interest reaches $335m, and Loss Refunds program distributes $1.7m to users.

$MMT token trades at 2x the price on the platform compared to other exchanges, with users criticizing the market maker quality.

Platform reaches $400M in Open Interest and $1B in trading volume while still in closed beta.

Public deposits for OLP vault open soon, expanding beyond current tier-restricted access. OLP transparency dashboard launches soon to provide visibility into vault operations.

TGE scheduled for Q2-Q3 2026 with 10% points bonus and bronze tier boost available.

Active FUD campaign spreads false claims that no token will be launched, contradicting official documentation that confirms token existence.

Tokenomics reveal 30% of protocol revenue funds $VAR buyback and burn with 50% community allocation, backed by Bain Capital Crypto and Coinbase Ventures.

OLP market making vault reaches $5.3M in overall PnL with reported 53% gains over a 2-week period from approximately $10M TVL. Tier system determines deposit limits for OLP vault access.

Bronze tier includes loss refund odds feature, with increased odds for Bronze tier holders as part of the points farming program benefits.

Tiered system includes Platinum tier level. Promotional codes provide automatic Bronze tier access for 90-day periods with additional boosts during live points season.

Points program enters preseason phase with tiered rewards structure featuring bronze tier and 15% promotional boost codes available for early participants.

TGE scheduled between now and end of year, listed among perp DEX projects planning token launches.

Promotional codes experience bot exploitation without real user conversion, suggesting vulnerabilities in the referral program.

Platform adopts 0 trading fees for both makers and takers, following competitors Lighter and Paradex, but compensates by increasing spreads.

Open interest reaches new all-time high at $468.78M while daily trading volume declines to $1.6B from $2.8B ATH. OLP market maker vault opens soon for deposits.

"Pro" product feature targets institutional derivative trading on any asset with reliable price feeds, functioning as an on-chain RFQ system similar to Tradeweb/Bloomberg while eliminating counterparty risks.

Fully diluted valuation stands at 100M with an active perps market available for trading.

24-hour trading volume reaches nearly $2.7B, up from $1.2B six days ago, while large accounts begin promotional activity.

Platform hits $2B in daily trading volume, double the $1B threshold from previous days, with team completing multiple infrastructure upgrades to support growing traffic.

Platform reaches 10K lifetime traders, 300M+ open interest, 500+ trading pairs, with multiple consecutive days exceeding $1B in volume. Bronze badge referral system offers boosts on points, spread, and loss refunds, with points system launch described as imminent.

TVL reaches $50M with $1.2M in cumulative refunds recorded; platform remains in closed beta with no APIs available, preventing bot activity.

Omni Pro product feature launches, enabling curators to create and launch their own markets with HIP3-like functionality. Additional referral code spaces added for user onboarding and points farming.

Platform raised $11.8M from Bain Capital Crypto, Coinbase Ventures, and Dragonfly Capital. Tokenomics include a 30% minimum buy-and-burn from protocol revenue, and cumulative trading volume serves as the primary airdrop metric with community allocation distributed over time rather than all at TGE.

The OLP vault serves as sole market maker with reported 5-10 Sharpe ratio and approximately 80% APY, holds approximately $10M TVL (20% of platform liquidity), and uses tier-based deposit limits tied to user trading volume.

Partnership announced with Panda Land, offering members enhanced point boosts for farming activities.

A feature update releases in approximately 23 hours, marking the first regular release (not just a patch) since the previous update that reduced spreads and increased volume from $300M to $1.3B daily.

Token distribution allocates 50% to community. Platform reports less than 6K active traders, less than $50M TVL, $250M average open interest, and over $1M in loss refunds paid recently with zero trading fees.

Ranks 22nd among projects with highest smart follower growth over the last 2 days according to @_dexuai data.

Daily trading volume surpasses $1B milestone. Partnership with Kaito launches with 100 access codes granting Silver tier upgrades, which typically require $10M in 30-day volume.

Platform currently in closed beta requiring referral codes for access.

Dashboard development began in September with Entropy Advisors team supporting the project at an early stage.

Platform tier system details disclosed: Bronze tier requires $1M in trading volume with 90-day auto-qualification period and additional boost upon points program launch.

Platform remains Pre-TGE with no token launched yet, listed among top-tier Arbitrum perpetual DEXs. (1980364140674969737)

Platform active addresses reach 4.5K, up from approximately 3400 users reported on October 18. Points program set to go live soon with leverage offerings up to 50x.

Platform secured $10.3M seed funding led by Bain Capital Crypto and Peak XV, with backing from Coinbase Ventures, Dragonfly, Hack VC, North Island Ventures, Caladan, Mirana Ventures, and Zoku Ventures.

Open Interest reaches $195m and platform reports $1.1m in Loss Refunds paid to users, while 24h volume climbs to $1.2b and TVL stands at $33m.

Platform reaches $1 billion in 24-hour trading volume.

Tier system offers Bronze Tier access for 90 days via referral codes, with retro points hinted to reward cumulative volume before official points program launch.

Closed beta achieves approximately 45% of competitor Lighter's annualized revenue with around 3400 users.

Project confirms large community allocation for airdrop and revenue-based token buyback mechanism.

Open Interest reaches all-time high of $125m and platform now supports 500+ perpetual trading pairs.

Platform runs 24-hour promotion with 7.5% loss refund rate (up from standard 2.5%) and reduces spreads.

Total loss refunds distributed reach $1m milestone (up from $900k), with platform reporting all-time high 24h trading volume.

Points system goes live soon, with top traders from competing platforms Hyperliquid and Lighter reportedly switching over during closed beta.

Platform currently operates in closed BETA with invitation-only access, not yet open to the public.

Platform displayed -2.9 bps funding rate on BTC during peak 10/10 market volatility around 21:20 UTC, enabling significant arbitrage opportunities while competing platforms experienced issues.

Current metrics show $25m TVL, $120m Open Interest, and $300m+ daily volume (up from $280m), with total loss refunds distributed reaching $900k (up from $688k). Platform launches affiliate program with tiered benefits including Bronze Tier status and boosted loss refunds for referrals.

A crypto trader lists the platform as their potential 5th top choice for perp DEX farming, citing its RFQ design without orderbooks as a product differentiator while currently testing it.

A recent fundraising round was completed, with participants expressing strong confidence in the team and product quality.

Platform experienced zero downtime and operated at normal capacity during weekend market events.

The project is listed among featured DeFi protocols in Arbitrum's S2 Create-to-Earn Campaign, a creator rewards program distributing 700K $ARB through December 31, 2025.

TVL reaches all-time high with daily volume returning to $280m. Total loss refunds distributed since genesis now at $688k with largest single-day refund of $200k on Oct 10, while Points and Public OLP deposits have not yet launched.

Platform operates in closed beta with a team of 10 members. Loss refund rate is currently 4.5%, and referral links provide bronze badge benefits for 90 days.

Platform has refunded over $300k through its loss refund feature. Crypto trader Taiki plans to target the platform for farming after completing his Lighter campaign.

The platform is supported by notable investors including Bain Capital Ventures, Coinbase Ventures, Mirana, and Dragonfly.

Platform remained fully operational while Binance, Coinbase, Lighter experienced outages and Hyperliquid triggered ADL events, demonstrating superior uptime during a period of widespread exchange technical issues.

Loss Refund Pool offers users a 2-6% chance of having losses fully covered.

Token ticker confirmed as $VAR with minimum 30% of protocol revenue allocated to token buybacks and burns once live. Referral codes require $1M in trading volume to earn, with revenue from OLP vault market-making funding loss refunds, zero fees, and token buybacks.

Platform reports $500m in 24-hour trading volume, $15m in TVL, and 1.5k users, more than doubling from the less than 700 daily active users reported on October 8.

Built on Arbitrum, the platform sees adoption from Korean traders who live-stream competitive perpetual trading in an esports format.