MXC Exchange

What MXC Exchange does

MXC Exchange operates a blockchain trading and infrastructure platform positioned as 'Ethereum's 1st Hardware Chain (Ethereum 3.0),' functioning as a Layer 2 protocol targeted at DePIN (Decentralized Physical Infrastructure Networks). The company's core technology enables hardware and IoT device connectivity on Ethereum, with a differentiated architecture for decentralized physical infrastructure deployment. MXC serves DePIN projects and protocols across hardware categories (Web3 phones, rings, EV charging, power banks, GPUs, AI data tooling), infrastructure providers (wireless networks, pet trackers, air quality networks, ride-sharing), and capital partners (JDI, Candaq).

The company ships a multi-product stack: the MXC core protocol, an IHO (Initial Hub Offering) launchpad at iho.mxc.com for DePIN token launches, a Swap decentralized exchange at swap.mxc.com, a Bridge cross-chain service, and a Web wallet accessible at mxc1usd.com. Distribution is primarily digital and self-serve, supported by ecosystem partnerships with UXUY (Web3 launchpad) and Bitget Global (cryptocurrency exchange) for token listing and trading reach. The platform reaches users through open-source presence on GitHub (github.com/MXCzkEVM), a documentation portal at doc.mxc.com, and partner-led ecosystem promotion.

MXC's business model is not publicly disclosed: pricing for IHO, Swap, Bridge, and Wallet services is not published, and the company has recorded only one funding round (2019-07-02, $0 raised). The firm is private with 501-1,000 employees headquartered in Kingston, United States, and was co-founded by Metin Mehmet Durgun. Customer segmentation is horizontal, targeting a broad cross-section of DePIN use cases rather than a vertical-specific workflow.

Name

MXC Exchange

Legal name

MXC

Website

https://mxc.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

501–1,000 employees

Short description

MXC Exchange operates a Layer 2 blockchain platform branded as Ethereum's first Hardware Chain, providing a multi-product DePIN stack (IHO launchpad, Swap, Bridge, Wallet) to decentralized physical infrastructure projects across hardware, computing, RWA, and VC-backed protocols.

Ownership category

akta.pro rank

Product category

Cryptocurrency Exchange & DePIN Infrastructure

NAICS

Securities and Commodity Exchanges (52321), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA)

akta.pro secondary industries

DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading) (FSAPAEAD), Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG), Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)

Keywords

• Cryptocurrency exchange
• DePIN infrastructure
• Layer 2 blockchain
• Decentralized finance
• Web3 launchpad

Headquarters

HQ city

Kingston

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Distribution channels4 records

Marketing channels3 records

Core offering

MXC Exchange operates an Ethereum Layer 2 blockchain protocol positioned as "Ethereum's 1st Hardware Chain," providing DePIN (Decentralized Physical Infrastructure Networks) infrastructure for IoT and hardware device connectivity. The platform offers an integrated suite of cryptocurrency services including a token swap DEX, a cross-chain bridge, an IHO launchpad for DePIN project token offerings, and a web-based cryptocurrency wallet.

Product overview

MXC Exchange operates as a comprehensive DePIN (Decentralized Physical Infrastructure Network) ecosystem built on Ethereum as Layer 2 infrastructure. The platform offers multiple interconnected products: the core MXC blockchain protocol ('Ethereum's 1st Hardware Chain'), the IHO launchpad for new DePIN project token launches, Swap for decentralized token exchange, Bridge for cross-chain asset transfers, and an integrated Wallet service. The ecosystem includes various DePIN projects in categories such as DePIN hardware (phones, IoT devices, charging solutions), infrastructure, data tooling, venture capital backing, RWA platforms, and exchange partnerships, creating an integrated marketplace for decentralized physical infrastructure services.

Differentiator

Problem solved

Functional benefit

Products and services

• MXC Hardware Chain (Ethereum's 1st Hardware Chain) Ethereum Layer 2 blockchain protocol designed for hardware and DePIN applications, positioning itself as 'Ethereum 3.0' and the first hardware chain on Ethereum. Targets DePIN project developers and the broader Web3 ecosystem.
• IHO (Initial Helium Offering) Launchpad

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

18 partnerships are on record, tiered core and minor.

• Oyster LabscoreStrategic or Co-development PartnerWeb3 phone seller integrated into MXC DePIN ecosystem. Part of the hardware category in MXC's ecosystem showcasing decentralized phone solutions.
• IoTeXcoreTechnology or IntegrationDePIN Layer1 blockchain partner. Listed as a core infrastructure partner in MXC ecosystem, providing blockchain layer for IoT device integration.
• DrifecoreStrategic or Co-development PartnerWeb3 Uber platform. Decentralized ride-sharing application operating within MXC DePIN ecosystem.
• Airo NetworkscoreStrategic or Co-development PartnerWorld's largest Air Quality Network. Environmental sensing network integrated into MXC DePIN infrastructure.
• WatchX NetworkminorStrategic or Co-development PartnerWearable technology network in MXC ecosystem, providing decentralized smartwatch/fitness tracker integration.
• CyberChargecoreStrategic or Co-development PartnerNext-Gen Global Power Matching Protocol. EV charging infrastructure partner enabling decentralized charging station networks.
• ChargepalcoreStrategic or Co-development PartnerFirst-ever Decentralized Power Bank protocol. Mobile device charging infrastructure partner in MXC DePIN ecosystem.
• Dekube NetworkcoreStrategic or Co-development PartnerBuilding the World's Largest Distributed AI Computing Network. GPU computing infrastructure partner.
• Kaisar NetworkcoreStrategic or Co-development PartnerLeading GPU-as-a-service protocol. Computing resource partner for decentralized GPU services.
• UXUYcoreChannel Partner/ Reseller/ DistributorWeb3 DePIN launchpad and wallet. Distribution partner providing launch services and wallet integration for MXC ecosystem projects.
• Bitget GlobalcoreChannel Partner/ Reseller/ DistributorWorld's leading cryptocurrency exchange and web3 company. Exchange partner for listing and trading MXC ecosystem tokens.
• TailzminorStrategic or Co-development PartnerWeb3 DePIN Pet trackers. Pet tracking hardware partner in MXC ecosystem.
• DID PhoneminorStrategic or Co-development PartnerDelivery guy's first Web3 phone. Specialized phone for delivery services integrated into MXC ecosystem.
• Coral PhoneminorStrategic or Co-development PartnerDePIN phones at hands. Consumer-focused Web3 phone partner in ecosystem.
• APhonecoreStrategic or Co-development PartnerDecentralized Cloud Smart Phone. Major smartphone partner providing decentralized cloud phone services.
• Blueberry RingminorStrategic or Co-development PartnerLord of Web3 Ring. Wearable ring device partner in MXC DePIN ecosystem.
• Drop WirelesscoreStrategic or Co-development PartnerWireless networks for DePIN. Infrastructure partner providing wireless connectivity solutions.
• Rewards BunnyminorStrategic or Co-development PartnerRWA (Real World Assets) platform. Partner for tokenizing real-world assets within MXC ecosystem.

Recent moves6 records

Expansion highlights5 records

Direct peers

• IoTeX: IoTeX is an EVM-compatible Layer 1 purpose-built for DePIN/IoT — directly overlapping with MXC's hardware-chain positioning. IoTeX is also already an explicit 'Core' tier integration partner of MXC, making it the closest comparable DePIN-chain peer.
• Helium: Helium is the canonical DePIN wireless network and is referenced indirectly through MXC's investor JDI ('largest investor behind Dimo and Helium'). Both compete for DePIN developer mindshare on hardware/infrastructure use cases like MXC's Drop Wireless and Airo Networks.
• Render Network: Render is a DePIN protocol for distributed GPU compute — the same vertical MXC is targeting via partners Dekube Network and Kaisar Network. Both compete for the GPU/AI compute DePIN workload and infrastructure positioning.
• DIMO: DIMO is a DePIN protocol for vehicle telematics and is part of JDI's portfolio (the same investor backing MXC per source). Both are DePIN-first projects targeting hardware-native data streams and shared infrastructure economics.
• Filecoin: Filecoin is the largest decentralized-storage DePIN network. It is a direct comparable on the 'blockchain-as-infrastructure-for-physical-resources' thesis that MXC is pursuing.
• Uniswap: Uniswap is the dominant on-chain DEX and competes directly with MXC's Swap product. Both run automated token-swap venues; Uniswap's liquidity depth is the primary competitive risk to Swap's economics.

Broad incumbents

• Bitget Global: Bitget is a 'World's leading cryptocurrency exchange and web3 company' and is already a Core-tier distribution/listing partner of MXC. As a broader incumbent exchange, Bitget competes with MXC's Swap and IHO launchpad for global spot and derivatives trading volume.
• Polygon: Polygon is the most established general-purpose Ethereum L2 ecosystem. As MXC is positioned as an Ethereum L2 ('Ethereum's 1st Hardware Chain'), Polygon is the incumbent benchmark for L2 traction, developer tooling, and liquidity — and could subsume DePIN workloads if it adds specialized support.

Emerging players

• 1inch: 1inch is a DEX aggregator that competes for the same on-chain execution and routing layer as MXC's Swap/bridge surface. It overlaps with MXC's order-routing ambitions in the broader DEX-aggregation taxonomy (candidate FSAPAEAD).
• Morpher: Morpher is an emerging DePIN-flavored trading protocol; representative of the broader wave of emerging chain-app competitors that overlap with MXC's exchange-and-launchpad surface and its positioning around decentralized infrastructure for trading.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• GitHubgithub.com/MXCzkEVM

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MXC Exchange