Perpetual Dex Airdrops List with volume per day : My Personal one will be Hyperliquid and Variational > $5B d/vol: @Lighter_xyz @Aster_DEX @HyperliquidX @edgeX_exchange > $1B d/vol: @pacifica_fi @Backpack @OfficialApeXdex @reya_xyz @variational_io > $500M d/vol: @paradex @extendedapp @grvt_io @MYX_Finance @JupiterExchange @OrderlyNetwork > $200M d/vol: @DriftProtocol @HelixMarkets @dYdX > $50M d/vol: @avantisfi @BasedOneX @SatoriFinance @phantom @GMX_IO @OstiumLabs @GainsNetwork_io @tradeperps > $10M d/vol: @hibachi_xyz @KiloEx_perp @VestExchange @Merkle_Trade @MetaMask @AxiomExchange @DefxOfficial @BullpenFi @etherealdex > unreleased: @bulktrade @perpltrade @byreal_io
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My forecast for 2026: • Many crypto-native VCs will put investments on hold. • Many startups from 2024-2025 will be wiped out. • Many emerging creators will give up and stop posting. • Many users will exit. And this is good. The last few years inflated this space with low-value, mercenary capital. VCs invested to sell early. Projects were built to raise and launch tokens. Users were testing things to win an airdrop. Bloggers were posting to get farm yaps/snaps/xeets. The life cycle of a protocol shortened from years to months. We've built a factory of hidden exit liquidity and legal scams where real value simply could not find its way through the noise. We're in the era of disillusionment now. And after disillusionment comes efficiency.
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In just a matter of weeks, Variational achieved top-tier status: $1B OI milestone, consistent $1.5-2B daily volume and over $3M in loss refunds shared since September 2025 Valuation Outlook: $3-4B FDV Realistic Comparables like @Lighter_xyz (~$2B+ FDV at launch) and @HyperliquidX show perp DEXs command high multiples based on OI and TVL Variational's RFQ edge, zero fees, and Pro's institutional appeal add significant premiums Base models suggest $1-2B FDV at current metrics, but bull scenarios, with growing volume, OI, TVL, and especially Pro adoption, point to $3-4B+ Potential Point Valuation: $100+ Value per point = (FDV × Airdrop %) ÷ Total Points Assuming ~9M total points and 25-30% initial airdrop (Team already said that they liked the HL distribution): 3B FDV = $83-$100 per point 4B FDV = $111-$133 per point At $3-4B FDV, $100+ per point isn't hype, it's a probable outcome for a protocol redefining on-chain derivatives
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