LogX is a perpetual trading aggregator currently on Linea, Mantle, and Arbitrum. LogX was launched on 2023, and is part of a suite of product from Flint Labs, which aims at bridging DeFi and CeFi.
What is LogX
Here’s how it works:
- Trading Perpetual Aggregator: LogX aggregates different pairs from several perpetual trading platforms which enables users to trade a wide range of crypto assets from one place.
- Cross-Chain Product: LogX is a cross-chain product that enables you trade on 3 chains at the moment (Arbitrum, Mantle, Linea), and more to come.
- Low Cost in Mind: LogX is built to propose low cost on their transactions, splitting and redirecting orders across several liquidity pools according to the order size and liquidity available.
- Low Gas Fees: LogX is managing the gas fees for the users and reduce it to the maximum possible to remove the hassle for users to manage it and pay a lot for it.
- TradingView Powered: Charts on LogX are from TradingView, which enables traders to have a powerful analytical tools at hand to manage better their positions.
In a nutshell, LogX is a perpetual aggregator like 1inch is for DEX, enabling users to trade with low cost, on several chains, and with TradingView powering their product.
Team of LogX
Funding of LogX
$5,000,000
Strategic VC Round
Investors included Gate.io, DWF Ventures, Coinswitch and Saison Capital among others.
$5,100,000
Seed Round
Funds were raised by Flint Labs, the parent company of LogX, from Sequoia Capital, Coinbase Ventures, and others. We don’t know how much is allocated to LogX.
LogX review
Trade Hub
Trade many crypto assets in one place, combining them from various platforms.
Cross-Chain Trading
Trade across multiple blockchain networks, with more to come.
Low Costs
Aims for low transaction costs by optimizing order distribution.
Regulatory Concerns
Faces risks from potential changes in government regulations.
Hack Risk
Like all DeFi platforms, it has a risk of cyber attacks.
Opportunities
LogX
Participate in LogX Activities to earn the upcoming airdrop