Deep Dive
1. KuCoin Listing Surge (15 September 2025)
Overview:
LOGX surged 32% to $0.017 after ranking #5 on KuCoin Indonesia’s 24-hour gainers list. This followed increased visibility from its July–August volume spikes ($200M–$242M daily) and Arbitrum-based L2 scaling.
What this means:
Exchange listings often boost liquidity and retail participation. However, LOGX’s current price ($0.00611 as of 24 September 2025) reflects a -64% retracement from the KuCoin peak, suggesting speculative froth cooled. Traders now watch whether this exposure translates to sustained volume.
(KuCoin Indonesia)
2. RWA Trading Layer Launch (1 August 2025)
Overview:
LogX announced plans to integrate real-world assets (RWAs), aiming to let users “trade T-Bills like memecoins.” This aligns with DeFi’s growing RWA narrative, though technical details remain sparse.
What this means:
RWAs could diversify LogX’s use cases beyond perpetuals, but execution risks loom. Success hinges on regulatory compliance and liquidity – challenges that sank earlier RWA projects. The token’s 35% 30-day gain (vs. -1.95% total crypto market) hints at cautious optimism.
(LogX)
3. Matching Engine Upgrade (28 July 2025)
Overview:
A phased upgrade improved order execution latency and throughput to accommodate algorithmic traders, who drove 7-day volume to $242M. The Z1 release targeted tighter spreads and higher fill rates.
What this means:
Infrastructure upgrades strengthen LogX’s bid for institutional traders, but competition remains fierce (dYdX, GMX). While July’s $500K trading contest spurred a 1,070% volume spike, current 24-hour volume ($2.67M) sits 98% below its July ATH.
(LogX)
Conclusion
LogX balances technical upgrades with speculative narratives, but post-upgrade volume declines and RWA vagueness warrant caution. Can protocol-owned liquidity or exchange partnerships stabilize its -90% yearly price trend, or will macro headwinds override niche catalysts?