😃 Weekly Exchange Report (Jan 5 ~ Jan 11)



🕯️ Lighter

• Perp Volume: $27.803B, up $3.284B from last week

• TVL: $1.219B, down $0.05B from last week

• OI: $1.381B, down $0.023B from last week

• Spot Add - $AAVE, $UNI, $LINK, $SKY, $LDO

• Lighter Treasure Wallet Revealed



🪡 edgeX

• Perp Volume: $23.305B, up $7.801B from last week

• TVL: $378.12M, up $16.81M from last week

• OI: $1.129B, up $0.241B from last week

• Pre-TGE Season start



🎒 Backpack

• Perp Volume: $10.2B, up $2.022B from last week

• OI: $271M, up $28.71M from last week

• What's the ticker? 🎒

• Season 4 – Week 7 point distribution completed



🍀 GRVT

• Perp Volume: $9.9B, up $0.33B from last week

• TVL: $74.87M, up $9.16M from last week

• OI: $391.41M, up $26.37M from last week

• Upbit add GRVT list of approved VASPs

• Rewards Season 2 point distribution completed

• GRVT TVL $70M +



📈 Variational

• Perp Volume: $11.713B, up $2.063B from last week

• OI: $1.18B, up $0.32B from last week

• Variational 2025 Retrospective

• Open Interest $1B +



Market Summary

• As the market rebounded, weekly trading volumes across major exchanges increased compared to the previous week, once again highlighting the close relationship between market conditions and trading activity.



• edgeX has launched a new Pre-TGE season, providing users with an additional opportunity to accumulate tokens ahead of the TGE.



• Variational has surpassed $1B in open interest (OI), demonstrating strong momentum.

In addition to rising OI, trading volume has continued to increase steadily, leading to more frequent references to Variational as the “second Lighter” within overseas communities.