RollDex, the decentralized derivatives protocol, has rebranded to RollX and is experiencing significant traction on the Base chain, according to verified reports. The platform’s daily trading volume has surged past $100 million, supported by a robust user base exceeding 80,000 active traders and a total value locked (TVL) of $32 million. This cements RollX’s leadership in the Base chain’s BTC-Fi derivatives market.
Specializing in Bitcoin ecosystem derivatives, RollX offers up to 1000x leverage on perpetual contracts and integrates BTC/ETH liquidity staking tokens (LST) to optimize revenue streams while mitigating risk exposure. The development team boasts extensive expertise in derivatives markets, having secured first place in the Bitlayer ecosystem and earned $1 million in incentive funding.
Adopting a Hyperliquid governance model, RollX operates without venture capital ownership, ensuring the platform is fully community-owned. All governance and incentive mechanisms are executed on-chain, delivering a decentralized experience that rivals centralized exchanges in usability and efficiency.
Following its rebranding, RollX has launched the Genesis event, enabling 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, reinforcing RollX’s position as a pivotal BTC-Fi trading engine.