Bybit Open Interest (OI) data is getting an upgrade. Starting June 11, we’re moving to single-counted OI for a cleaner, industry-standard way to track market activity. 📊 The numbers change. Your positions, margin, and P&L remain untouched. See what’s changing:

SpaceX perp volume today: HL xyz: $41.6m / $27m OI Lighter: $569k / $301k (73x smaller) Aster: $138k / $104k (300x smaller) One market is eating the entire pre-ipo order flow. Hyperliquid

NEW: SOLANA CO-FOUNDER @toly SAYS “OUTSIDE OF FEES, OI IS THE BEST METRIC TO COMPARE PERP DEXS. VOLUME IS OBVIOUSLY AT THE LEVERAGE MULTIPLE, BUT ALSO WTF KNOWS WHAT INCENTIVE CAMPAIGN IS RUN”

🕯️ Dear Australia & New Zealand… I’m Back | 2025 Jay Park World Tour [Serenades & Body Rolls] Trailer 💌💦 Oi, It’s Been 6 long years mates… but he’s finally coming back to serenade you and to hit you with body rolls you won’t forget 😏You keen? 📍 ICC Sydney Theatre, Sydney⁠ 📅 2025.8.19(TUE) 8PM⁠ ⁠ 📍 Margaret Court Arena, Melbourne ⁠ 📅 2025.8.21(THU) 8PM⁠ 📍 Spark Arena, Auckland⁠ 📅 2025.8.24(SUN) 8PM⁠ ⁠ 🎫 Tickets at 📌Follow for updates. @jaybumaom #JayPark# #박재범# #2025JayParkWorldTour# #SerenadesAndBodyRolls# #SerenadesAndBodyRolls_In_Australia# #SerenadesAndBodyRolls_In_NewZealand# #MOREVISION# #모어비전#

Welcome back to the Variational biweekly update! PRODUCT ➡️ The most recent mainnet release was v0.17.1. ➡️ Added initial Phase 1 RWA markets to testnet for public testing. METRICS ➡️ Total Volume Traded: $219.08B ➡️ Current Dual-Sided OI: $740.07M ➡️ TVL (Excludes Some OLP Hedging Accounts): $104.0M ➡️ Total Tokens Currently Listed: 456 ➡️ Total Rewards Claimed: $6,945,522 ➡️ Total Losses Refunded (Sunset): $4,559,196 ➡️ Total Referral Rewards Claimed: $2,386,326 ➡️ Daily Active Users (avg. over past week): 8,389 ➡️ Weekly Active Users: 14,773 ➡️ 2w Spreads Paid (Gross Revenue): $1,687,700 ➡️ 2w Market Making Costs (Cost of Revenue): ($1,011,619) ➡️ 2w Net Revenue: $676,081 ➡️ 2w Rewards: ($81,710) ➡️ Referral Rewards: ($81,710) ➡️ 2w Net Profit: $594,371 ➡️ Protocol Treasury: $337,540 ➡️ OLP PnL: $256,831 ➡️ Lifetime OLP PnL: $12,980,541 ➡️ Current Protocol Treasury Holdings: 2,070,935 USDC