DUBAI, UAE – 16/02/2024 – (SeaPRwire) – In a groundbreaking stride towards enhancing decentralized exchange (DEX) platforms, LogX proudly declares its attainment of significant milestones and expansion endeavors, firmly establishing itself as a pivotal entity in the cryptocurrency realm. Furthermore, LogX delights in the triumphant conclusion of a $6.1 million seed round, graciously supported by esteemed investors.
Distinguished by its unwavering commitment to providing an unmatched trading environment within the decentralized exchange (DEX) sphere, LogX offers a comprehensive suite of over 100 trading pairs, alleviating the burden on users to navigate disparate DEXes and chains. Notably, LogX’s Smart Order Splitting feature ingeniously distributes substantial orders across multiple DEX venues, ensuring optimal execution and operational efficiency.
A standout attribute of LogX lies in its steadfast dedication to delivering the most competitive trading expenses. By intelligently directing orders to the most cost-effective liquidity sources, accounting for variables like trading fees and funding fees, the platform empowers users to refine their trading strategies while minimizing expenses.
Key Features Defining LogX:
Cross-Chain Routing: Pioneering a revolutionary cross-chain routing innovation, LogX guarantees users access to deep liquidity, irrespective of the blockchain hosting their assets.
Powered By TradingView: Harnessing the robust capabilities of TradingView-driven charts, LogX furnishes users with cutting-edge analytical tools, including real-time market data and cryptocurrency market cap charts.
Trading with LogX: Facilitating on-the-go trading capabilities, LogX affords users unparalleled flexibility and convenience.
Expanding Ecosystem, Partnerships, and Innovative Airdrop Rewards Program:
LogX has forged robust partnerships with leading perpetual protocol providers, such as GMX, Pyth Network, Gains Network, Orderly Network, and an array of blockchain networks, including Arbitrum, Mantle, Linea, Kroma, Fuse, Telos, and Optimism.
Introducing a distinctive airdrop rewards program centered around “Log Points,” users accrue these points by engaging in trading activities across various networks on the LogX platform. Accumulated Log Points translate into future $LOGX token airdrop rewards, underscoring the platform’s commitment to user engagement and incentivization.
Milestone Achievements:
Multi-Chain Integration: LogX achieves a significant milestone by operating on eight chains, reaffirming its dedication to fostering a diverse and expansive ecosystem.
Mantle Chain Success: The Mantle Chain experiences rapid growth, surpassing $3.5 million in Total Value Locked (TVL) and exceeding an impressive $480 million in trading volume, establishing itself as a robust component of LogX’s decentralized exchange platform.
Kroma Network Surge: Witnessing a surge in trading activity, LogX crosses $16 million in trading volumes on the Kroma Network, further solidifying its presence within this burgeoning community.
LST Launch on Manta: The launch of the LST token on the Manta Chain surpasses $1 million in Total Value Locked (TVL) within 48 hours, reflecting strong demand and community response.
$2 Billion Trading Volume Milestone: Reflecting on its overall success, LogX celebrates crossing the $2 billion trading volume mark since its inception, showcasing user trust and engagement.
In summation, LogX remains steadfast in its mission to furnish a seamless and cost-effective trading experience within the decentralized finance (DeFi) realm. With strategic partnerships, innovative features, and continuous growth, LogX solidifies its standing as a frontrunner in the ever-evolving cryptocurrency landscape.
Media Contact:
Akshit Bordia
SOURCE: LogX
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