gate's venture capital division, Gate Labs, announced its investment in LogX, a super application of Decentralized Finance.

In September 2024, Gate Labs, the risk investment department of the globally renowned Cryptocurrency exchange gate, recently participated in the latest financing round of LogX, a super application of Decentralized Finance. This round of financing raised a total of 4 million US dollars, marking an important step for LogX in expanding its leveraged prediction market and Decentralization trading platform.

The rapid rise of innovative project LogX

Since its launch in July 2023, LogX has quickly grown into a pioneering project in the Decentralized Finance field. The platform's volume has exceeded 20 billion USD, with over 1 million users. With this financing, users are expected to seamlessly experience LogX's perpetual market and leveraged prediction market products on more than 50 on-chain Blocks. In addition, LogX plans to launch leveraged prediction market functionality on the TON Block on-chain by the end of 2024, further expanding its market coverage and serving over 100 million potential users.

The success of LogX has attracted the participation of many well-known Web3 investment institutions, including Hashed Emergent, Cumberland VC, Saison Capital, etc. Gate Labs, as one of the strategic investors, supports LogX's expansion of its Decentralization trading platform through this investment and explores more innovative financial products.

Build a true Decentralized Finance super app

LogX is a super application focusing on Decentralized Finance, providing trading products including perpetual market and leveraged prediction market. The platform integrates Liquidity from top CEXs such as Binance, Coinbase, and OKX, ensuring users can enjoy leading trading Liquidity and flexibility.

Gate Labs said, "We are very optimistic about the rise potential of LogX and its innovation in the field of Decentralized Finance. Leverage prediction market is one of the important innovations in the field of Decentralized Finance. We believe that LogX can provide users with more flexible financial tools through this product. Gate Labs is pleased to participate in this financing, and we look forward to further cooperation with LogX in the future to jointly promote the development of the Decentralized Finance ecosystem."

About Gate Labs

As the investment and listing department of gate, Gate Labs was established in 2021, dedicated to providing comprehensive support and resources for blockchain entrepreneurs to help the vigorous development of startups.

About LogX

LogX Network is the ultimate Decentralized Finance superapp, offering seamless trading experiences such as perpetual markets, leveraged prediction markets, etc. LogX Network is supported by Arbitrum, Hyperlane, and AltLayer.

Author: Global Marketing Selina *This article represents only the author's point of view and does not constitute any trading advice. *This article is original, and the copyright belongs to Gate.io. If you need to reprint, please indicate the author and source, otherwise legal responsibilities will be pursued.