LogX operates a decentralized exchange (DEX) on Layer 2 networks, utilizing a smart order book and gasless trading to facilitate high-speed derivatives trading with low latency. The platform supports over 100 perpetual trading pairs, enabling users to engage in leveraged prediction markets and exotic options, addressing the need for efficient and cost-effective trading solutions in the decentralized finance space.
Funding
$4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Decentralized exchange (DEX) users often face challenges such as high gas fees, slow transaction speeds, and a limited selection of trading pairs, hindering efficient participation in decentralized finance (DeFi). Existing DEX platforms may lack the features and performance necessary to replicate the experience of centralized exchanges.
Solution
LogX provides a DeFi superapp that operates a decentralized exchange (DEX) on Layer 2 networks, offering a smart order book and gasless trading to enable high-speed derivatives trading with low latency. The platform supports over 100 perpetual trading pairs, including exotic pre-market perps, and leveraged prediction markets. LogX offers omnichain trading, enabling users to trade perpetuals across multiple chains. The platform provides a state-of-the-art trading experience with a focus on speed, efficiency, and self-custody.
Target Audience
The primary target audience includes cryptocurrency traders and DeFi users seeking a high-performance, low-cost, and user-friendly decentralized exchange for trading perpetuals, options, and other derivatives.
Features
- Smart order book for CEX-like trading with native cross margin
- Support for 100+ perpetual trading pairs, including exotic pre-market perps
- Leveraged prediction markets with up to 20x leverage
- Gasless trading to eliminate transaction fees
- Omnichain trading to trade perpetuals across any chain
- 30,000 TPS for fast and efficient derivatives trading
- 100ms latency for rapid order execution
- Self-custody of assets
- Charts powered by TradingView