LogX, an Innovative Decentralized Derivatives Exchange Crosses $2 Bn in Trading Volume with Multiple Strategic Partnerships
DUBAI, UAE / ACCESSWIRE / February 13, 2024 / LogX, the leading decentralized exchange (DEX) platform, has achieved significant milestones and expansion efforts, solidifying its position as a key player in the cryptocurrency space. In addition, LogX is pleased to announce the successful closure of a $6.1 million seed round, with support from prominent investors.
LogX sets itself apart in the decentralized exchange (DEX) landscape with a focus on providing an unparalleled trading experience. The platform boasts over 100 trading pairs, eliminating the need for users to navigate various DEXes and chains. LogX's Smart Order Splitting feature intelligently routes large orders to multiple DEX venues, ensuring optimal execution and efficiency.
One of LogX's key strengths is its commitment to offering the lowest trading costs. The platform intelligently directs orders to the most cost-effective liquidity source, considering factors such as trading fees and funding fees. This ensures that users can optimize their trading strategies while minimizing costs.
Unique Features that Define LogX:
- Cross-Chain Routing: LogX introduces a groundbreaking cross-chain routing innovation, guaranteeing users deep liquidity, regardless of the blockchain their funds reside on.
- Powered By TradingView: LogX leverages the power of charts driven by TradingView, a comprehensive trading and investment platform. Users benefit from cutting-edge analytical tools, including crypto market cap charts and real-time market data.
- Trading with LogX: Trade on-the-go with the LogX, providing users with flexibility and convenience.
Expanding Ecosystem and Partnerships and Innovative Airdrop Rewards Program:
LogX has established robust partnerships with prominent perpetual protocols, such as GMX, Pyth Network, Gains Network, Orderly Network, and various blockchain networks, including Arbitrum, Mantle, Linea, Kroma, Fuse, Telos, and Optimism.
LogX introduces a unique airdrop rewards program based on "Log Points." Users earn these points by trading on the LogX platform across different networks. The more Log Points accumulated, the greater the future $LOGX token airdrop rewards.
LogX has meticulously designed the Log Points system, offering users multiple avenues to accumulate these valuable points. Users can earn Log Points through daily rewards in the form of "Liquidity Gems" by providing liquidity to the platform. Additionally, trading enthusiasts can earn "Tradepoint Cards" based on their trading volumes. These cards contain mystery Trading Points proportional to each trade's volume, adding an element of surprise and excitement to the trading experience.
In short, the LogX Airdrop Program encompasses three key elements:
- Log Trading Points: Earn rewards through active participation in trading activities.
- Liquidity Gems: Receive rewards for contributing liquidity to the LogX ecosystem.
- LogX Royalty NFT Program: Engage in the LogX Royalty NFT program
Milestone Achievements
Multi-Chain Integration:
- LogX achieves a significant milestone by operating on eight chains, showcasing its commitment to a diverse and expansive ecosystem. The supported chains include: Arbitrum, Mantle, Kroma, Linea, Manta, Optimism, Telos, Fuse
- Mantle Chain Success:
LogX's Mantle Chain experiences rapid growth, surpassing $3.5 million in Total Value Locked (TVL) and exceeding an impressive $480 million in trading volume. The Mantle Chain emerges as a robust and thriving component of LogX's decentralized exchange platform.
- Kroma Network Surge:
- Since its launch, LogX has witnessed a surge in trading activity on the Kroma Network. The platform crosses $16 million in trading volumes, demonstrating the growing popularity of LogX within the Kroma Network community. The Total Value Locked (TVL) on Kroma reaches $360,000, further solidifying LogX's presence on this network.
- LST Launch on Manta:
- LogX achieves significant success with the launch of the LST token on the Manta Chain. In 48 hours, the LST launch on Manta surpassed $ 1 million in Total Value Locked (TVL), reflecting the strong demand and positive response from the community.
- $2 Billion Trading Volume Milestone:
- Reflecting on the overall success of the product, LogX celebrates a remarkable milestone by crossing the $2 billion trading volume mark since its initial launch. This achievement underscores LogX's position as a prominent player in the decentralized exchange (DEX) landscape, highlighting user trust and engagement.
- LogX has recently achieved a significant milestone by becoming the largest perp DEX (perpetual decentralized exchange) within the Manta ecosystem.
LogX remains committed to its mission of providing a seamless and cost-effective trading experience in the decentralized finance (DeFi) space. The platform's strategic partnerships, innovative features, and continuous growth underscore LogX's position as a leader in the evolving crypto landscape.
About LogX
LogX is a decentralized trading platform designed to provide users with a seamless and cost-effective trading experience across multiple chains. With a focus on innovation and user convenience, LogX offers unique features such as cross-chain routing, gasless trading, and integration with TradingView for advanced charting solutions. LogX continues to disrupt the crypto space with its commitment to deep liquidity, low trading costs, and a user-friendly interface.
Visit http://www.logx.trade for more information.
X: https://twitter.com/LogX_trade
Discord: https://discord.gg/logx
Media Contact:
Akshit Bordia
akshit@flint-labs.com
SOURCE: LogX
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