AltLayer Commences Partnership with LogX to Offer RaaS Solutions
blockchainreporter.net 19 July 2024 21:37, UTC AltLayer, a decentralized protocol assisting blockchain developers to release and improve rollups, has announced an exclusive partnership. As per the platform, it is joining forces with LogX, a leading decentralized perpetual exchange that deploys AI-driven strategies, to offer it exclusive Rollup-as-a-Service solutions. The firm recently disclosed this collaboration on its official X account.
AltLayer @LogX_trade
AltLayer is thrilled 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 Provides RaaS Solutions to LogX in Its New Collaboration
In its latest series of X posts, the platform expressed its excitement for this endeavor. In addition to this, it mentioned that this partnership denotes the development of the earliest Modular Derivatives Trading Layer. It reportedly focuses on offering infinite scalability to consumers. LogX operates as a well-known decentralized exchange that deals with derivatives trading.
At present, the exchange sees a remarkable trading volume, surpassing the figure of $18 billion. It gets substantial support from EigenDA with Data Availability. The platform intends to deliver a trading experience similar to a centralized exchange to facilitate numerous consumers on-chain. Nonetheless, they experienced several issues in accomplishing their vision because of several bottlenecks in the present infrastructure.
To deal with such problems, LogX required a scalable and resilient infrastructure add-on. Hence, rollups offer an ideal solution for this with their capability to raise throughput and minimize latency. For this purpose, AltLayer provides its cutting-edge rollup infrastructure. The roll-up technology of AltLayer enables LogX to carry out more than 30,000 transfers per second.
The Collaboration Enables LogX to Offer a Scalable and High-Speed Forum for Matchless Trading
The joint initiative of LogX and AltLayer focuses on advancing the on-chain experience for a great number of consumers. By benefiting from the RaaS solutions of AltLayer, LogX can offer a scalable, high-speed, and unparalleled trading forum. With this platform, LogX targets meeting the demands of the latest traders.
