LogX
LogX is a Layer 2 perpetual DEX offering a DeFi superapp with LOGX PRO (smart orderbook) and LOGX OG (liquidity pools) for institutional-grade stablecoin trading, serving crypto-native traders and liquidity providers globally via a self-serve platform.
- Company typePrivate
- Founded2021
- HeadquartersBengaluru, India
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What LogX does
LogX Network is a decentralized exchange (DEX) protocol operating under the LOGX Foundation, founded in 2021 and headquartered in Bengaluru, India. The company positions itself as a DeFi superapp targeting the stablecoin trading market, with two core products: LOGX PRO, a smart orderbook product for institutional-grade stablecoin execution, and LOGX OG, a liquidity pools product that lets users provide stablecoin liquidity and earn yield. The protocol operates as a Perpetuals DEX on Layer 2 networks and is accessible globally via a self-serve web interface at logx.network, with no disclosed geographic restrictions.
The business model is transaction-fee based: revenue is generated from fees on smart orderbook trades and liquidity pool operations, though specific fee schedules are not publicly disclosed. Go-to-market is product-led, relying on community channels (Discord, Twitter, blog) for awareness and a permissionless web platform for activation — there is no enterprise sales motion or named customer base. LogX has raised $10.1 million in disclosed funding across two rounds — a $6.1M round led by Sequoia Capital in March 2022 and a $4M round in September 2024 that brought in market makers Cumberland, DWF Labs, and Gate alongside CoinSwitch, Antler India, Hashed Emergent, and others. The platform cites a $2 quadrillion addressable stablecoin market opportunity, an aspirational TAM figure rather than a realized revenue or volume signal. The foundation has also begun deploying capital externally, participating as an investor in Zoplar's $3.4M Series A in January 2025.
LogX firmographics
Firmographics- Name
- LogX
- Legal name
- LOGX Foundation
- Website
- https://logx.network
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- LogX is a Layer 2 perpetual DEX offering a DeFi superapp with LOGX PRO (smart orderbook) and LOGX OG (liquidity pools) for institutional-grade stablecoin trading, serving crypto-native traders and liquidity providers globally via a self-serve platform.
- Ownership category
- akta.pro rank
LogX industry classification
Industry- Product category
- Decentralized Exchange (Perpetuals DEX)
- NAICS
- Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Perpetuals & Derivatives DEXs (FSADABAE)
- akta.pro secondary industries
- Stablecoin Protocols (Decentralized) (FSADAMAD), DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading) (FSAPAEAD)
Keywords
Where LogX is headquartered
LocationHeadquarters
- HQ city
- Bengaluru
- HQ country
- India
- HQ region
- Asia
Markets served
LogX business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales
Revenue model
- DeFi Protocol Fees: Revenue generated from transaction fees on the Smart Orderbook and liquidity pool operations within the LogX DeFi protocol
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
LogX product offering
Product offeringCore offering
LogX is a Decentralized Finance (DeFi) superapp that operates a perpetuals decentralized exchange (DEX) on Layer 2 blockchain networks, specializing in stablecoin trading. The platform offers two flagship products: LOGX PRO, an on-chain order-book perpetuals DEX, and LOGX OG, a liquidity-pool-based perpetuals venue. The protocol targets crypto-native traders and institutional participants seeking low-fee, high-throughput on-chain derivatives with cross-chain stablecoin liquidity.
Product overview
LogX Network is a DeFi Superapp offering institutional-grade stablecoin liquidity solutions. The platform operates on a unified architecture comprising two core products: LOGX PRO (Smart Orderbook) for advanced order execution and trading, and LOGX OG (Liquidity Pools) for providing and accessing stablecoin liquidity. Together, these products target the $2 Quadrillion stablecoin market, bringing it on-chain with institutional-grade infrastructure.
Differentiator
Problem solved
Functional benefit
Brands
- LOGX PRO: Smart Orderbook product offering
- LOGX OG
Products and services
- LOGX PRO An on-chain order-book perpetuals DEX that lets traders execute stablecoin derivatives trades against an on-chain order book. Designed for crypto-native traders and institutional participants seeking transparent, self-custodial perpetuals trading on Layer 2 networks.
- LOGX OG A liquidity-pool-based perpetuals trading venue that allows users to trade stablecoin derivatives against pooled liquidity. Built for crypto-native traders and DeFi users who prefer pool-based execution over an order-book model.
Quantifiable outcome
- Targeting $2 Quadrillion stablecoin market for on-chain adoption
Companies that use LogX
Customer profileSegments1 record
Ideal customer profiles2 records
LogX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
LogX partnerships and signals
Strategic signalScale indicators2 records
Recent moves5 records
Expansion highlights4 records
LogX competitors and assessment
Company assessmentDirect peers
- dYdX: Leading decentralized perpetuals exchange that migrated to its own app-chain. Directly comparable to LogX as a Layer-based perpetuals DEX targeting sophisticated on-chain traders with orderbook-style execution.
- GMX: Decentralized perpetuals exchange on Arbitrum/Avalanche using a GLP liquidity pool model. Closely comparable to LogX in offering on-chain perpetuals with a pooled-liquidity architecture and LP yield mechanism.
- Hyperliquid: High-performance on-chain perpetuals DEX with its own L1 and fully on-chain orderbook. Directly comparable to LogX as a Layer-native perpetuals venue emphasizing institutional-grade execution quality.
- Vertex Protocol: DEX offering spot and perpetuals trading via a central limit orderbook on Arbitrum. Directly comparable to LogX in combining an orderbook execution model with pooled liquidity on a Layer 2 network.
- Drift Protocol: Solana-based perpetuals DEX with an on-chain orderbook and liquidity pools. Comparable to LogX as a non-EVM-layer, orderbook-based perpetuals venue targeting DeFi-native traders.
- Aevo: Decentralized derivatives exchange focused on options and perpetuals with an off-chain orderbook matched on-chain. Comparable to LogX in offering derivatives trading on a Layer 2 with institutional execution aspirations.
- Perpetual Protocol: Pioneer on-chain perpetuals DEX (formerly on xDai, now on multiple chains) using a virtual AMM model. Comparable to LogX as an earlier-generation Layer-based perpetuals protocol.
- Gains Network: Decentralized leveraged trading platform (gTrade) on Polygon/Arbitrum. Comparable to LogX as a Layer 2-based derivatives venue offering leveraged on-chain trading.
- Kwenta: Decentralized derivatives exchange built on Optimism, sourcing liquidity from Synthetix. Comparable to LogX as a Layer 2 derivatives trading venue for crypto-native users.
- MUX Protocol: Multi-chain leveraged trading aggregator/protocol offering perpetuals trading across Layer 2s. Comparable to LogX as a Layer 2-native perpetuals venue with a pooled-liquidity backend.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
LogX social profiles
Digital presenceLogX financial estimates
Financial estimateRevenue estimate
Valuation estimate
LogX leadership team
Management profileNumber of profiles
Profiles1 record
LogX funding detail
Funding detailFunding overview
Funding rounds2 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LogX M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LogX
What does LogX do?
LogX is a Decentralized Finance (DeFi) superapp that operates a perpetuals decentralized exchange (DEX) on Layer 2 blockchain networks, specializing in stablecoin trading. The platform offers two flagship products: LOGX PRO, an on-chain order-book perpetuals DEX, and LOGX OG, a liquidity-pool-based perpetuals venue. The protocol targets crypto-native traders and institutional participants seeking low-fee, high-throughput on-chain derivatives with cross-chain stablecoin liquidity.
Is LogX a public or private company?
LogX is a private company. It is classified as venture growth investor backed and is currently operating.
When was LogX founded?
LogX was founded in 2021. It employs 11 to 50 people.
Where is LogX based?
LogX is headquartered in Bengaluru, India, in the Asia region.
How does LogX make money?
One revenue line is on record: deFi Protocol Fees.
Who are LogX's main competitors?
Direct peers on record are dYdX, GMX, Hyperliquid, Vertex Protocol, Drift Protocol, Aevo, Perpetual Protocol, Gains Network, Kwenta and MUX Protocol.
Does LogX have an API?
No public API is recorded for LogX.
What industry is LogX in?
LogX's product category is Decentralized Exchange (Perpetuals DEX). Its primary akta.pro industry code is FSADABAE, Perpetuals & Derivatives DEXs, with a secondary code of FSADAMAD, Stablecoin Protocols (Decentralized). Its NAICS code is 52321 and its SIC code is 6200.