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.
Description
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 the Project
Funding
$5,000,000
$5,000,000
Strategic VC Round
Investors included Gate.io, DWF Ventures, Coinswitch and Saison Capital among others.
$5,100,000
$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.