Continuing to discuss the Perp Dex track

Looking at the Perp Dex in the Base ecosystem, I saw the newly rebranded RollX @rollxfi, formerly known as RollDex, which is the number one perp dex in terms of trading volume in the BTC Layer 2 ecosystem.

Not long after entering Base, it has shown explosive growth on the Base chain. The Base official team has also interacted with RollX on Twitter, indicating that the team has received official support.

Currently, the platform has a daily trading volume of around $100 million, with a TVL of about $32 million. It currently supports up to 500x leverage on BTC perpetual contracts, with plans to increase to 1000x leverage in the future.

One innovative aspect of the product is that RollX also supports LST extra yields, prediction markets, and BitVM.

It seems that RollX currently does not have VC backing; it is a community-driven project, similar to the Hype model.

Current activities available for participation:

The Genesis event held in collaboration with Galxe, tracking trading and social media contribution points through Galxe Starboard, allows users to participate in a $200,000 token prize pool and subsequent airdrops.

The official team revealed that the first snapshot was in July, and TGE is not far away.