LogX Partners with Arbitrum Orbit to Launch LogX Network
LogX Network, engineered for on-chain derivatives trading, is launching soon. With 20,000+ TPS, ~100ms latency, gasless transactions, and one-click trading, it will revolutionize the on-chain trading landscape. We strategically chose to build on Arbitrum Orbit. Here's why:
With LogX Network, aim is to build a trading infrastructure that:
Provides an experience better than CEXes
Supports millions of users
Can scale to 50+ blockchain networks Arbitrum Orbit Stack seemed to be the best infra to support our vision.
High Performance
We've custom-tweaked the Arbitrum Orbit stack to support 20k+ TPS with ~100ms latency. Thanks to these enhancements, the LogX Trading terminal will be 10x faster than our previous version This speed is essential given the extreme volatility of market prices.
Gasless Trading
We have added Account Abstraction features to the LogX Network stack on top of Arbitrum Orbit. This capability enables us to subsidize gas fees for our users, offering a truly gasless trading experience.
CEX-like Trading Experience
By creating smart wallets for our users, we enable a seamless one-click trading experience similar to that of a CEX, eliminating multiple approvals and signings. Arbitrum Orbit stack enables dApps to integrate AA based functionalities natively.
$LOGX Token Utility
$LOGX will be the official governance token for LogX Network Arbitrum Orbit stack also enables to use any ERC-20 token as gas fees. This enables us to use $LOGX as a gas token in the future.
Arbitrum Network
Arbitrum is a battle-tested network renowned for its scalability and security, making it the go-to for perps trading. The Arbitrum Nitro stack, powering LogX network, serves as the foundation for the LogX Network, upholding the same high standards of performance and security.
Network Expansion
One of the LogX Network's key strengths is its ability to scale seamlessly across 50+ networks without sacrificing performance. The Arbitrum Orbit tech stack includes chain clusters that enable cross-chain messaging across Layer 2 and Layer 3 networks. We've enhanced Arbitrum Orbit's chain cluster to facilitate routing from over 50 networks, including non-EVM-compatible ones. Arbitrum Orbit uniquely offers this capability!
Arbitrum is the hub for perps traders and holds a special place in our hearts. We've collaborated closely with the Arbitrum team, evidenced by the 395k $ARB token grant we received. We're thrilled to leverage its tech to bring derivatives trading to millions of users