AltLayer, a decentralized protocol that helps blockchain developers release and improve rollups, has announced an exclusive partnership. On the platform front, it joins forces with LogX, a leading decentralized perpetual exchange that leverages AI-driven strategies, to offer exclusive Rollup-as-a-Service solutions. The company recently announced this partnership on its official X account.
AltLayer 🤝@LogX_trade
AltLayer is excited to power the LogX network with our RaaS solutions, making it the first modular derivatives trading layer built for infinite scalability ⚡️
LogX is built on the @arbitrum Orbit stack, with DA support from @eigen_da 🔥 pic.twitter.com/NXhW6SFZLg
— AltLayer (@alt_layer) July 19, 2024
AltLayer offers RaaS solutions to LogX in its new partnership
In the latest series of X-posts, the platform expressed its enthusiasm about this endeavor. Additionally, it was stated that this partnership marks the development of the first modular derivatives trading layer. It reportedly focuses on providing consumers with infinite scalability. LogX operates as a well-known decentralized exchange that deals in derivatives trading.
Currently, the exchange has a remarkable trading volume, surpassing the $18 billion mark. It receives substantial support from EigenDA with Data Availability. The platform plans to provide a trading experience similar to a centralized exchange to facilitate countless consumers on-chain. Nevertheless, they encountered several difficulties in realizing their vision due to several bottlenecks in the current infrastructure.
To address such issues, LogX needed a scalable and resilient infrastructure add-on. Therefore, rollups provide an ideal solution for this, as they can increase throughput and minimize latency. For this purpose, AltLayer offers its advanced rollup infrastructure. Thanks to AltLayer’s roll-up technology, LogX can perform more than 30,000 transfers per second.
The partnership allows LogX to provide a scalable and fast forum for unparalleled trading
The joint initiative between LogX and AltLayer focuses on advancing the on-chain experience for a large number of consumers. By taking advantage of AltLayer’s RaaS solutions, LogX can provide a scalable, fast, and unparalleled trading forum. With this platform, LogX wants to meet the demands of the latest traders.