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October 27, 2026 10:53 am
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Traditional finance, or TradFi, assets accounted for a larger share of trading volume than crypto on decentralized perpetual futures exchange Variational, crypto analyst Tom Wan said on X. Over the past 30 days, 62% of Variational’s total trading volume came from TradFi assets, while crypto made up 38%. Around 90% of TradFi volume came from swap products. Variational currently supports more than 150 trading markets tied to TradFi assets. Wan described the trend as an example of rapid growth in the on-chain TradFi market.