Most people compare Extended and Variational using volume and OI. But one of the most important questions gets ignored. Are traders actually profitable on the platform, or are they just farming points while taking losses? Looking at the data tells a clear story.
Extended
Total volume : $144.55B
Total PnL : -$19.89M
Average PnL : -$575
Variational
Total volume : $143.51B
Total PnL : -$56.83M
Average PnL : -$1.32K
Variational is doing well on volume, especially considering it launched its points system almost 6 months later than Extended and still reached similar volume. But traders are suffering significantly higher losses on Variational compared to Extended. If a platform rewards activity but traders consistently lose money, it becomes farming, not sustainable trading.
Extended shows better trader profitability and a higher profit rate, which is a strong signal many overlook.
Most people compare Extended and Variational using volume and OI. But one of the most important questions gets ignored. Are traders actually profitable on the platform, or are they just farming points while taking losses? Looking at the data tells a clear story.
Extended
Total volume : $144.55B
Total PnL : -$19.89M
Average PnL : -$575
Variational
Total volume : $143.51B
Total PnL : -$56.83M
Average PnL : -$1.32K
Variational is doing well on volume, especially considering it launched its points system almost 6 months later than Extended and still reached similar volume. But traders are suffering significantly higher losses on Variational compared to Extended. If a platform rewards activity but traders consistently lose money, it becomes farming, not sustainable trading.
Extended shows better trader profitability and a higher profit rate, which is a strong signal many overlook.