@vaibcryp

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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