LogX Raises $10.1M in Funding Ahead of its DeFi SuperApp Launch, Starting with Leveraged Prediction Markets.
Decentralized trading platform sees explosive growth, surpasses $20B in trading volume, attracting major Web3 investors
The DeFi Superapp LogX has announced the completion of its latest strategic funding round, during which it raised $4 Million and an overall amount of $10.1 million. This decentralized trading platform has also achieved its greatest milestone so far, surpassing $20 billion in trading volume in just ten months after launch.
The funding round saw participation from a selection of prominent investors including Hashed Emergent, Cumberland VC, Saison Capital, Gate Labs, DWF Ventures, Antler, Coinswitch Ventures, Wagmi Ventures and Kairos Capital. Notable angel investors also took part, including Charles and Verity from Espresso Systems, and Ryan Lee, Orderly Network CEO .
The latest funding round brings LogX's total capital raised to $10.1 million, following a $6.1 million seed round that attracted investors such as Coinbase Ventures, Sequoia Capital, IOSG, GFC Global Founders, MSA, and Better Capital.
“These latest milestones are a testament to the unwavering trust from our financial backers, partners, and, most importantly, our loyal users,” said Akshit Bordia, Founder of LogX. “With the capital we’ve raised, our mission is to scale our product line and introduce leveraged prediction markets across 50+ blockchains.”
LogX has seen significant growth since its launch in July 2023, with over $20 billion in trading volume achieved and the platform used by more than 1 million users.
LogX plans to leverage its new funding to expand its consumer offerings, with a focus on Leveraged Prediction Markets. Additionally, LogX will debut on the TON blockchain later this year, bringing prediction market trading to over 100 million users.
About LogX
LogX is the ultimate DeFI superapp, offering seamless trading experience of perpetual markets, Leveraged prediction markets, and more. LogX is powered by Arbitrum, Hyperlane, and AltLayer. LogX Network aggregates liquidity from top CEXs like Binance, Coinbase, and OKX, delivering limitless liquidity to DeFi consumers.
Website: **https://logx.network/**
X: **https://twitter.com/LogX_trade**
Discord: **https://discord.gg/logx**