Platform · Scalar Derivatives
LogX
DeFi SuperApp · perpetuals DEX with leveraged prediction markets on its own Arbitrum Orbit L2
- Mechanism
- Scalar Derivatives
- Chain
- Own Arbitrum Orbit L2 (LogX Network)
- Status
- Dormant
- Founded
- 2021
- Market types
- Binary · Multi-outcome
- Audience
- Crypto-native · Retail · Power user
- Website
- www.logx.network
- @LogX_trade
Pricing mechanism
Positional AMM
Settlement
Oracle-fed prices for perps; binary YES/NO with margin liquidation
Strengths
- Own Arbitrum Orbit L2 with Hyperlane + AltLayer (30,000+ TPS claimed)
- Strong cap table on paper (Coinbase Ventures, Peak XV, Hashed)
- Early mover on leveraged-PM narrative alongside dYdX
- Cross-chain ambition
- Smooth retail UX from perp-DEX paradigms
Weaknesses
- Severe distribution collapse: LOGX -99.9% from ATH, ~$3.7K TVL, ~$0 24h volume
- Narrative drift: perps → SuperApp → leveraged PMs → 'Stablecoin ERA Loading'
- Leveraged-PM not a true probability-discovery venue
- Tiny TVL spread across many small chains
- Headline volume largely point/incentive-driven
- No mainstream brand recognition vs Polymarket/Kalshi/Hyperliquid
About this mechanism
Perpetual swaps or banded options on scalar variables that look like PM topics (pre-IPO valuations, attention scores, FDV). NOT prediction markets · the trader takes a directional position with leverage and liquidation risk.