RollX Surges on Base Chain with $100 Million Daily Volume

RollX, the decentralized derivatives protocol, has rebranded and is gaining significant traction on the Base chain. The platform's daily trading volume has surpassed $100 million, supported by a robust user base of over 80,000 active traders and a total value locked (TVL) of $32 million. This surge in activity has solidified RollX's position as a leading player in the Base chain's BTC-Fi derivatives market.

RollX specializes in Bitcoin ecosystem derivatives, offering up to 1000x leverage on perpetual contracts. The platform integrates BTC/ETH liquidity staking tokens (LST) to optimize revenue streams while mitigating risk exposure. The development team behind RollX has extensive expertise in derivatives markets, having secured first place in the Bitlayer ecosystem and earned $1 million in incentive funding.

One of the key features of RollX is its adoption of a Hyperliquid governance model, which ensures that the platform is fully community-owned and operates without venture capital ownership. All governance and incentive mechanisms are executed on-chain, providing a decentralized experience that rivals centralized exchanges in terms of usability and efficiency.

Following its rebranding, RollX has launched the Genesis event, which allows users to accumulate points through on-chain activities and social engagement via Galxe Starboard. Participants can compete for a share of the $200,000 prize pool and become eligible for upcoming airdrops. This initiative reinforces RollX's position as a pivotal BTC-Fi trading engine and encourages user engagement and participation.

The success of RollX can be attributed to its innovative approach to derivatives trading and its commitment to decentralization. By offering high leverage on perpetual contracts and integrating liquidity staking tokens, RollX provides traders with the tools they need to optimize their revenue streams while managing risk. The platform's community-owned governance model further enhances its appeal, as it ensures that the platform remains decentralized and responsive to the needs of its users.