what (@whatexchange) — Twitter Score 92 out of 1000

What is a decentralized perpetual swaps exchange and omnichain orderbook trading protocol founded in 2024. What's Twitter Score is 92 out of 1000 (a Good rating) as of August 2026, ranking #8,145 (top 5%) among 483,944 tracked accounts.

What was founded by Wolf with a stated focus on transparency and decentralization, positioning itself as a community-owned alternative to centralized exchanges. The protocol uses a hybrid orderbook model that combines the performance characteristics of a centralized exchange with the transparency and self-custody of a decentralized one. Its settlement layer is built in partnership with Orderly Network and LayerZero, with matched orders settling on a WHAT L2 chain built using OP Stack, which itself settles periodically to Ethereum.

What is self-funded and supports multiple EVM-compatible chains including Arbitrum, Optimism, Base, Mantle, Avalanche, and Solana. The protocol's revenue distribution model allocates 25% to $WHAT token buyback and burn, with the remaining 75% directed to airdrop buyback and burn. The token allocation includes a 30% Season 1 airdrop, reflecting the project's stated aim of returning ecosystem profits to its community. What has 95,569 followers as of August 2026 on the platform and has published 16,858 posts.

What has been mentioned by 15 accounts, with 62 total mentions across the platform.

Who follows What on X?

The accounts that follow What include 351 founders, 103 angel investors, 284 influencers and 11 VCs, among them Cobie, Chris Burniske, Andrew Kang, Luca Netz, Georgios Konstantopoulos and Murad.