Introducing LogX Network
Introducing LogX Network: The First Modular Derivatives Trading Layer Built for Infinite Scalability Across All Blockchain Networks
LogX Network is designed to provide extremely high-performance, low-cost modular trading infrastructure powered by Arbitrum, Avail, Hyperlane, and Altlayer, specifically for derivatives trading, while delivering the best trading experience possible.
Read on to know why we built LogX Network and the impact it will have on the DeFi landscape.
Why Create the LogX Network?
Since the launch of LogX Network, we've crossed $13.5 billion in trading volume with over 155,000 traders across 12 networks, while amassing a massive community of 200k+ members.
Today 95%+ of crypto derivatives trading still occurs on centralized exchanges. The major hurdles in bringing this audience on-chain are:
Lack of high-performance on-chain trading infrastructure
Liquidity fragmentation across networks, especially the newer ones.
To solve these core infrastructure issues LogX is building LogX Network
LogX Network’s Architecture
The network is designed specifically for derivatives trading and custom tweaked to support 20,000+ TPS and a block time of ~100ms. The best in class trading infrastructure has been used to build the network:
Built on top of Arbitrum Orbit stack
Eigenlayer DA for data availability
Hyperlane network for cross-chain messaging and bridging across multiple networks
Alt Layer for building the network
We have designed a novel trading engine where, instead of considering tokens at their face value for matching orders and margins, each token has its own "Buying Power." This enables LogX Network to onboard tokens from any new chain regardless of associated risks. This unique capability will allow LogX Network to scale across new ecosystems, such as BTC L2s faster than any other perpetual DEX.
Purpose Built for Derivatives:
Extremely Capital Efficient
On LogX Network, orders from all networks will match at a single venue, leading to low trading costs and extremely fast order matching.
Omnichain Trading
With the LogX Network infrastructure, it will become 10x faster to launch a perp dex on any new network. In addition, this is not just limited to EVMs but also other L1s like Bitcoin layer 2 networks and more!
CEX like trading experience
Placing a trade or performing any other action on the chain will be as simple as clicking a button, at par to the centralised trading experiences by leveraging account abstraction.
Exotic Trading Pairs
With LogX’s liquidity and matching engine, launching new and exotic perps is extremely fast and easy. This will enable users to access a broad array of conventional and exotic pairs on multiple networks simultaneously.
Composability:
LogX Network infrastructure has been built keeping the blockchain ethos and principles in mind. Anyone can use LogX Network to deploy their trading interface on a network of their choice.
Future of $LOGX
We know our community has been eagerly awaiting updates on the future of $LOGX, and we can now share some details on the future of $LOGX:
$LOGX has been upgraded and will serve as the native governance token of the LogX network.
$LOGX will also act as the native gas token of the Chain. However, trading on the LogX network will be gasless, as the LogX treasury will fund transactions for users in the foreseeable future.
The LogX network TestNet will be released in a few weeks, followed by the mainnet launch after audits.
$LOGX will go on-chain at the mainnet launch of the LogX network, targeted for July. We are working round the clock to release LogX Main-net as early as possible
Tokenomics details will be shared closer to the Token Generation Event (TGE), as recent expansions have opened up some exciting new possibilities for the LogX Network.