Deep Dive
1. Perp DEX Market Share Battle (Mixed Impact)
Overview:
LogX’s 30-day volume spiked 1,070% to $221M in July 2025 (Cryptonewsland), partly driven by a $500K trading contest. However, it trails dYdX’s $242M ATH (Defillama) and faces scalability risks as high-frequency traders strain its network.
What this means:
Short-term volume boosts from marketing campaigns might not sustain price without organic adoption. The 28 July 2025 matching engine upgrade (LogX tweet) could improve retention by reducing slippage – critical for retaining algo traders contributing 40%+ of volume.
2. Buyback Policy Redesign (Bullish Impact)
Overview:
DAO Proposal 003 (voting concluded 25 July 2025) shifted from burning bought-back LOGX to storing it in treasury reserves. This hoards 10M+ LOGX (~$69K at current prices) for future ecosystem incentives.
What this means:
Storing instead of burning tokens delays supply reduction but creates a strategic reserve for liquidity mining or partnerships. This could stabilize prices during downturns by enabling controlled buy-side interventions.
3. RWA Trading Layer (Bullish Impact)
Overview:
LogX plans Q3 2025 leveraged trading of tokenized T-bills (LogX tweet) – a $1.4T market dominated by Ondo Finance. Early tests show 32% LOGX price jumps during RWA speculation phases (KuCoin).
What this means:
Success hinges on bridging DeFi degens with institutional-grade RWAs. If LogX captures even 0.1% of the T-bill tokenization market, daily volumes could triple – directly boosting protocol revenue and token utility.
Conclusion
LogX’s price faces make-or-break months: technical upgrades must retain algo traders, while RWAs need to convert speculation into sustained usage. Can the DAO’s token reserves deployment offset Perp DEX sector volatility? Watch the RWA/T-bill product’s 30-day retention rate post-launch.